Moto Finance, a financial technology company, has raised $1.8 million in pre-seed funding from Cyber Fund and Eterna Capital to advance its blockchain-enabled savings account and credit card platform.
The round will support continued product development, regulatory infrastructure and the initial launch phase. Moto Finance positions its proposition in the growing field of decentralized finance (DeFi) and the integration of traditional financial services.
Access deeper industry insights
Gain unparalleled clarity with a single platform that combines unique data, AI and human expertise.
Learn more
Moto Finance was founded by Shimon Newman and Ramses Kamanda, both of whom were previously at Squads, which is said to be the largest protocol by value secured on Solana.
Moto Finance was created to provide decentralized financial functionality in a compliant format to end users.
Newman and Kamanda left Squads to pursue their goal of applying DeFi infrastructure within regulated consumer-facing products.
Allen Brooks, representative of Moto Finance, said: “Moto’s mission is to redefine how the next generation saves and spends.
“With the support of Cyber Fund and Eterna Capital, we are well on our way to creating a platform that allows users to earn significant returns on their assets, enjoy premium benefits that matter in everyday life, and participate in the financial benefits provided by decentralized finance within a trusted and compliant network.
The Moto platform integrates a high interest savings account with a Visa Infinite credit card, allowing users to deposit funds, earn interest and spend globally via their Moto card.
The system settles card balances at the end of each billing cycle. According to company statements, users can earn interest on deposited funds and receive cash rewards through returns from assured mechanisms supported by DeFi protocols.
The platform’s reward structure is divided into three tiers based on deposit levels. Tier 1 covers customer deposits between $0 and $100,000, offering 5% cash back on card transactions and 2% annual interest on deposits.
Tier 2 applies to deposits ranging from $100,000 to $499,999 with 5% cash back and 3% interest. Tier 3 extends to deposits of $500,000 and above, with 5% cash back, 5% interest on balances and additional exclusive benefits.
The tiered model is designed to offer uniform cashback while increasing interest rates with higher participation.
Moto Finance sees its offering as an alternative for those seeking integrated financial experiences amid persistently low average savings rates in the U.S. banking industry, which remain near 0.6%.
By unifying spending, saving and earning functions into a single digital product, the company targets individuals who might otherwise use unconnected financial services.
Following the close of this funding round, Moto Finance intends to progress product development, strengthen its engineering and compliance teams, continue its work on regulatory infrastructure, and prepare its platform for broader market entry.
According to the company, the investment comes at a time when demand for alternatives to conventional savings accounts and credit products is increasing among consumers interested in digital asset-based solutions.
