Crypto startup Pillow discontinues its service

The Elevation Capital-backed firm’s decision to fold its product comes just months after rival Flint also shut its ‘yield-bearing’ product citing regulatory challenges.

23 June, 20233 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

Golden Visa snafu leaves Indian media red-faced

No, the UAE is not offering cheap lifetime residency to Indians, as the government has now confirmed. Separately, Gulf startups and VCs are up in arms against a Sequoia Capital partner.

Business
Story image

Can a universal bank licence revive Jana Small Finance Bank’s stock?

Turning into a full-service bank could help the Bengaluru-based niche lender unlock its share value, but the transition will come with its own set of challenges.

Internet
Story image

Amid results showing signs of recovery, Vijay Shekhar Sharma teases a return for Paytm wallets

They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.