Pillar, the easiest and most effective way for people to manage, pay off, and save money on their student loans, has launched. Early users have already linked over $50M worth of student loans into the platform which automates and manages the loan repayment process for people. Pillar is backed by $5.5M in seed funding which was led by Kleiner Perkins, with additional participation from Rainfall Ventures, Great Oaks VC, Financial Venture Studio, Kairos, Red Dog Capital, and Day One Ventures. Individual investors include Adam Nash; the former CEO of Wealthfront and Acorns board member, Noah Weiss; former SVP of Product at Foursquare, Zach Weinberg and Nat Turner; co-founders of Flatiron Health, Misha Esipov; CEO and co-founder of Nova Credit, and Robinhood's Head of Growth, Patrick Kavanagh, and Head of Finance, Nadia Asoyan.