Pillow raises $3 Mn led by Elevation Capital

Fintech startup Pillow has raised $3 million in seed funding led by Elevation Capital and a host of crypto angels, including Scott Lewis (Co-founder, DeFi Pulse), JD Kanani & Sandeep Nailwal (Co-founders, Polygon), Prabhakar Reddy (Co-founder, FalconX), and Aniket Jindal (Co-founder, Biconomy). 

The funds will be used to build alpha-generating DeFi strategies for popular crypto assets (including $BTC, $ETH, and popular stablecoins), accelerate global expansion, build a strong user community, and grow the Pillow brand to make DeFi accessible worldwide, said Pillow in a press release.  

Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, Pillow’s platform helps generate downside-protected interest on crypto assets by investing in curated, actively managed DeFi strategies created by the team.

The platform will be available for download on Google Play Store and Apple App Store, and will provide users with strategies and market-beating rates for popular crypto assets that include $USDC, $USDT, $BTC and $ETH.