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Fintech Startup Pillar Raises $16.9M Pre-Seed Led By Global Founders Capital And Backed Vc

Apr 21, 2022over 3 years ago

Amount Raised

$16.9 Million

Round Type

pre-seed

Description

Immigrants to a new country can often be cash-rich. The problem is, is that they have no credit history in their new country. Plus, a consumer cannot take their credit file from one country to another. Furthermore, credit bureaus are rarely coordinated or joined up across countries

Company Information

Company

Pillar

About

The company claims it will be able to provide immigrants with access to credit products when moving to a new country. Founded by Revolut alumni Ashutosh Bhatt and CTO, Adam Lewis, Pillar has an Open Banking-led data and analytics engine which will be launched in Q3 in 2022. Pillar is a genuinely differentiated offering solving a big problem in the market using disruptive technologies.”

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech