About Pillar
Pillar is a company based in New York (United States) founded in 2018 was acquired by Acorns in April 2021.. Pillar has raised $5.5 million across 1 funding round from investors including Acorns, Kleiner Perkins and Kairos. The company has 8 employees as of December 31, 2022. Pillar operates in a competitive market with competitors including Student Loan Hero, Nickels, College Cash, Snowball Wealth and MoneySolver, among others.
- Headquarter New York, United States
- Employees 8 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Pillar Technology Inc.
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Software Development Team
93 people
Operations Team
13 people
Sales and Marketing
10 people
Finance and Accounting
9 people
Creative and Marketing Team
8 people
Investor Team
7 people
Leadership Team
7 people
Product Management Team
6 people
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Funding Insights of Pillar
Pillar has successfully raised a total of $5.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5.5 million completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $5.5M
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First Round
First Round
(30 May 2019)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2019 | Amount | Seed - Pillar | Valuation | Kleiner Perkins |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pillar
Pillar has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Acorns, Kleiner Perkins and Kairos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pillar
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pillar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pillar Comparisons
Competitors of Pillar
Pillar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Student Loan Hero, Nickels, College Cash, Snowball Wealth and MoneySolver, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for Student debt tools, calculators, and repayment plans
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| domain | founded_year | HQ Location |
Financial assessment and solution tools are provided for individuals.
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| domain | founded_year | HQ Location |
Online student loan debt repayment platform
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| domain | founded_year | HQ Location |
Student debt is managed through tools for savings and investments.
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| domain | founded_year | HQ Location |
Student loan consolidation, repayment, and financial advisory services are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pillar
Frequently Asked Questions about Pillar
When was Pillar founded?
Pillar was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Pillar located?
Pillar is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Pillar a funded company?
Pillar is a funded company, having raised a total of $5.5M across 1 funding round to date. The company's 1st funding round was a Seed of $5.5M, raised on May 30, 2019.
How many employees does Pillar have?
As of Dec 31, 2022, the latest employee count at Pillar is 8.
What does Pillar do?
Pillar was founded in 2018 in New York, United States, within the fintech sector. A loan management app is operated, where users bank accounts are linked. Data science, machine learning, and human judgment are employed to evaluate financial situations. Customized loan repayment plans are then generated based on these assessments. Operations focus on personal finance tools for users across the region.
Who are the top competitors of Pillar?
Pillar's top competitors include Student Loan Hero, College Cash and Snowball Wealth.
Who are Pillar's investors?
Pillar has 15 investors. Key investors include Acorns, Kleiner Perkins, Kairos, Great Oaks Venture Capital, and Rainfall Ventures.
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