Pillar - About the company
Pillar is an acquired company based in New York City (United States), founded in 2018 by Michael Bloch. It operates as a Loan management app. Pillar has raised $5.5M in funding from Kleiner Perkins. The company has 20 active competitors, including 3 funded and 2 that have exited. Its top competitors include companies like Student Loan Hero, Grad Joy and College Cash.
Company Details
Pillar is a loan management app. Users have to link their bank accounts with the app. The app leverages data science, machine learning and human judgment to know the user's financial situation and to create a customized loan repayment plan.
- Website
- www.pillar.app
- Email ID
- *****@pillar.app
- Registered Address
- Hewlett, New York
Key Metrics
Founded Year
2018
Location
New York City, United States
Stage
Acquired
Total Funding
$5.5M in 1 round
Latest Funding Round
Investors
Ranked
2nd among 20 active competitors
Employee Count
4 as on Aug 31, 2026
Similar Companies
Exit Details
Acquired by Acorns (Apr 07, 2021)
Legal entities associated with Pillar
Pillar is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PILLAR TECHNOLOGY INC. CIN: 824656673 , United States, Active | Dec 26, 999 | - | 8 (As on Dec 31, 2020) | - |
Pillar's acquisition details
Pillar got acquired by Acorns on Apr 07, 2021.
Click here to take a look at Pillar's acquisition in detail
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Pillar's funding and investors
Pillar has raised a total funding of $5.5M over 1 round. Its latest funding round was a Seed round on May 30, 2019 for $*****. 14 investors participated in its latest round. Pillar has 9 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Pillar:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 30, 2019 | 8074654 | Seed | 4382275 | 9326867 | 2996411 | 9378595 |
View details of Pillar's funding rounds and investors
Pillar's founders and board of directors
Founder? Claim ProfileThe founders of Pillar is Michael Bloch.
Here are the details of Pillar's key team members:
- Michael Bloch: Co-Founder & CEO of Pillar and founder of 1 other company. They are also an angel investor in 2 startups.
View details of Pillar's Founder profiles and Board Members
Pillar's employee count trend
Pillar has 4 employees as of Aug 26. Here is Pillar's employee count trend over the years:
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Pillar's Competitors and alternates
Top competitors of Pillar include Student Loan Hero, Grad Joy and College Cash. Here is the list of Top 10 competitors of Pillar, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Student Loan Hero 2012, New York City (United States), Acquired | Online platform for Student debt tools, calculators, and repayment plans | $65K | 49/100 | |
2nd | Pillar 2018, New York City (United States), Acquired | Loan management app | $5.5M | 46/100 | |
3rd | Grad Joy 2019, Austin (United States), Series B | Debt management platform | $37.5M | 41/100 | |
4th | College Cash 2019, Fort Worth (United States), Seed | Online student loan debt repayment platform | $20K | 38/100 | |
5th | Snowball Wealth 2016, San Francisco (United States), Funding Raised | Debt management solutions for students | - | 36/100 | |
6th | MoneySolver 2007, Jacksonville (United States), Funding Raised | Student loan resolution services provider | - | 33/100 | |
7th | Nickels 2019, Ann Arbor (United States), Seed | Provider of financial assessment and solution tools for individual | - | 32/100 | |
8th | Sootchy 2018, Los Angeles (United States), Unfunded | Mobile-based platform providing AI-based financial planning solutions | - | - | 31/100 |
9th | Chipper 2017, Austin (United States), Funding Raised | Platform offering debt repayment solutions | - | - | 26/100 |
10th | Docupop 2009, San Diego (United States), Funding Raised | Online debt repayment platform for student loans | - | 25/100 |
Looking for more details on Pillar's competitors? Click here to see the top ones
Pillar's Investments and acquisitions
Pillar has made no investments or acquisitions yet.
Reports related to Pillar
Here is the latest report on Pillar's sector:
News related to Pillar
•
UK fintech startup Pillar raises €15.6m to develop credit platformRetailbankerinternational•Apr 22, 2022•Pillar, Global Founders Capital, Backed, Pillar and 2 others
•
Acorns’ new fintech target is debt management with acquisition of PillarTechCrunch+•Apr 07, 2021•Pillar, Acorns
•
•
Pillar launches with $5.5M from Kleiner Perkins and others to tackle your student loan debtTechCrunch+•May 30, 2019•Pillar, Kleiner Perkins, Great Oaks Venture Capital, Rainfall Ventures and 11 others
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