Singapore-based crypto investing app Pillow plans to stop all of its services and apps in the coming weeks, citing regulatory uncertainty, TechCrunch reported. In a post on Telegram, Pillow asked customers to withdraw all funds from the Pillow app, saying it would terminate all its current services on July 31, 2023. Foresight News previously reported that in October 2022, Pillow completed a US$18 million Series A financing led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital. Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, Pillow plans to build a one-stop platform for cryptocurrency management for storage, consumption, and investment, allowing customers to invest in cryptocurrencies such as Bitcoin, Ethereum, and Solana. Pillow has raised approximately $21 million in cumulative funding.