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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People of Pillar
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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 |
|---|---|---|---|---|---|
| May, 2019 | Amount | Seed - Pillar | Valuation | Kleiner Perkins |
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.
| 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 |
Investments & Acquisitions by Pillar
Financial Statements - Pillar
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.
| 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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Frequently Asked Questions about Pillar
Pillar was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Pillar is headquartered in New York, United States. It is registered at New York, New York, United States.
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.
As of Dec 31, 2022, the latest employee count at Pillar is 8.
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.
Pillar's top competitors include Student Loan Hero, College Cash and Snowball Wealth.
Pillar has 15 investors. Key investors include Acorns, Kleiner Perkins, Kairos, Great Oaks Venture Capital, and Rainfall Ventures.