Pillow, a cryptocurrency investment platform run by Pillow Digital Technologies Pte Ltd, has raised $18 million in a Series A funding round co-led by Accel, Quona Capital, Jump Capital, and existing investor Elevation Capital.

The startup aims to accelerate the adoption of crypto services in emerging economies, including those in Africa and Southeast Asia. It has already expanded to some emerging markets, including Nigeria, Ghana, and Vietnam, among others.

Pillow | Earn High Interest On Your Crypto Holdings

Founded by Arindam Roy, Rajath KM, and Kartik Mishra in 2021, Pillow is a digital asset management startup that helps users get the best returns on their digital assets with none of the associated hassles.

The startup offers users the best returns on cryptos like BTC and ETH and stablecoins like USDC and USDT.

Speaking about the development, Arindam Roy, Co-founders of Pillow, said,

“We’re creating a suite of high-quality, secure, and transparent financial products that will grant our users access to global economic opportunities and let them take control of their financial future.”

With a dedicated research team, Pillow actively looks at 500+ protocols across 10+ chains to find the safest protocols to invest the users’ savings. It intends to build ‘alpha-generating’ decentralised financing strategies for crypto assets like Bitcoin, Ethereum and other coins and expand globally through this funding.

Since the beginning of this year, the cryptocurrency investment platform claims to have strengthened its user base by 300% while registering a 5x rise in its assets under management. Additionally, the startup claims that its digital assets platform is a community of more than 75,000 users, with users hailing from over 60 countries.

In February 2022, Pillow raised seed capital of $3 million from Elevation Capital. The startup is also backed by investors like Mukund Jha (Dunzo), Farid Ahsan (ShareChat), Brijesh Bharadwaj (Dunzo), Kush Taneja & Sambhav Jain (FamPay), Mike Rosengarten (Camino), among others.

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