Moto Finance Secures $1.8 Million to Reimagine Savings and Spending with Blockchain Technology
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A new financial technology company, Moto Finance Inc. (Moto), is poised to disrupt the traditional banking landscape after securing $1.8 million in pre-seed funding. The investment, led by Cyber Fund and Eterna Capital, will fuel the development and launch of Moto’s blockchain-powered platform designed to offer a modern approach to saving, spending, and wealth management.
Moto, founded by Shimon Newman and Ramses Kamanda – previously key figures at the Solana-based protocol Squads – aims to bridge the gap between decentralized finance (DeFi) and mainstream consumer finance. The company’s core mission is to deliver a compliant, user-friendly financial product that leverages the benefits of blockchain technology.
Building a Next-Generation Financial Ecosystem
Moto is developing an integrated system combining a high-interest savings account with a Visa Infinite credit card. Users will be able to deposit funds, earn competitive interest rates, and spend globally using the Moto card, with balances reconciled at the end of each billing cycle. This streamlined experience contrasts sharply with the fragmented nature of many current financial products.
According to a company release, Moto’s platform will utilize insured and stable mechanisms supported by DeFi protocols to generate yields. This approach aims to provide a compelling alternative to traditional bank savings accounts, where average annual percentage yields currently hover around 0.6%. Moto intends to offer a 5% flat cashback rate on all purchases and tiered interest rates on deposited funds, potentially reaching up to 5%.
Tiered Rewards Designed for Engagement
Moto’s rewards program is structured around three tiers, incentivizing users to deepen their engagement with the platform:
- Tier 1 (Deposits $0 – $100,000): 5% cashback on purchases and 2% interest on deposits.
- Tier 2 (Deposits $100,000 – $499,999): 5% cashback on purchases and 3% interest on deposits.
- Tier 3 (Deposits $500,000+): 5% cashback on purchases, 5% interest on deposits, and exclusive benefits.
This tiered structure is designed to reward loyalty while maintaining an attractive cashback rate across all levels of participation.
Beyond financial incentives, Moto cardholders will gain access to a suite of lifestyle benefits, including digital subscriptions to Spotify Premium, YouTube Premium, Netflix, and the Financial Times. The Visa Infinite card will also provide access to global concierge services, airport lounges, and exclusive events. “We believe financial products should integrate seamlessly with the lifestyle our users lead,” stated a representative for Moto Finance Inc. “Beyond interest and cashback, Moto is building a platform that delivers tangible value in how people live, work, and enjoy life.”
Addressing Growing Consumer Demand
Moto’s funding arrives at a time of increasing consumer interest in alternative financial solutions. With traditional savings rates remaining low, platforms offering integrated financial experiences and attractive rewards are gaining traction. Moto’s platform is designed to capitalize on this trend by offering a single account for saving, spending, and earning rewards, simplifying financial management for users.
Following this pre-seed funding round, Moto will prioritize further development of its core technology, expansion of its engineering and compliance teams, and continued engagement with regulatory partners. Consumers interested in early access can join the waitlist at https://moto-card.com.
About Moto Finance Inc.
Moto Finance Inc. is a financial technology company focused on building secure, compliant financial tools for a new generation of consumers. The company’s blockchain-enabled platform combines a high-interest savings account with a premium credit card, offering a unified experience for saving, spending, and earning.
Media Contact:
Allen Brooks
+19785844083
[email protected]
https://moto-card.com
@usemotocard
