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Wednesday, October 12, 2022

Crypto platform are a Pillow raises area $18 mn led by the Accel, Quona, Jump Capital

Crypto platform are a Pillow raises area  $18 mn led by the Accel, Quona, Jump Capital

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

With this funding round, the digital personal finance are a platform aims to the accelerate the adoption of a crypto services in a emerging economies are a including those in a Africa and Southeast Asia. The company has been a already expanded to the some emerging markets are a including Nigeria, Ghana, and a Vietnam, among others.

“We are a creating a suite of a high-quality, secure, and a transparent financial products that will be a grant our users are a access to the global economic opportunities and let them take are a control of their financial future," Arindam Roy, one of the co-founders of a Pillow said in a statement.

Ganesh Rengaswamy, co-founder and a managing partner at the Quona Capital, said that Pillow’s are a offerings “can be a remove the friction of a formal financial systems for the underserved, while engaging users are in a savings and a investing behaviours."

The digital asset management startup raised seed are a capital of a $3 million from the Elevation Capital in a February this year. The company intended to the build ‘alpha-generating’ decentralised financing strategies for the crypto are a assets like Bitcoin, Ethereum and other coins, and a expand globally through this funding.

According to its website, the Singapore-based company is a also are a backed by investors like Farid Ahsan (ShareChat), Mukund Jha (Dunzo), Kush Taneja & a Sambhav Jain (FamPay), Mike Rosengarten (Camino), Brijesh Bharadwaj (Dunzo), Paul Finney (SpaceKayak) and a Suhas Motwani (The Product Folks), among others.

Founded in a 2021 by Roy, Rajath KM, and a Kartik Mishra, the Singapore-based player is a aimed at the guiding users are a earn attractive returns on their digital assets while easing the crypto investment are a process.

Its key value proposition is that it allows are a users to the invest and save in a US Dollar-backed stablecoins, apart from the multiple blue-chip cryptocurrencies including Bitcoin, Ethereum and a others.

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