Moto Finance, a financial technology company, has raised $1.8m 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 further product development, regulatory infrastructure, and the initial launch phase. Moto Finance is positioning its proposition in the growing field of decentralised finance (DeFi) and traditional financial services integration.
Moto Finance was founded by Shimon Newman and Ramses Kamanda, who were both previously at Squads, which is reportedly the largest protocol by value secured on Solana.
Moto Finance was established to deliver decentralised finance features in a compliant format for end-users.
Newman and Kamanda departed Squads to pursue their aim of applying DeFi infrastructure within regulated consumer-facing products.
Moto Finance representative Allen Brooks said: “Moto’s mission is to redefine how the next generation saves and spends.
“With backing from Cyber Fund and Eterna Capital, we are on track to build a platform that empowers users to earn meaningful returns on their assets, enjoy premium benefits that matter in everyday life, and participate in the financial upside provided by decentralised finance within a trusted and compliant network.”
The Moto platform integrates a high-interest savings account with a Visa Infinite credit card, enabling 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 cashback rewards through yields sourced from insured 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% cashback on card transactions and 2% annual interest on deposits.
Tier 2 applies to deposits ranging from $100,000 to $499,999 with 5% cashback and 3% interest. Tier 3 extends to deposits of $500,000 and above, featuring 5% cashback, 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 situates its offering as an alternative for those seeking integrated financial experiences amid persistent low average savings rates in the US banking sector, which remain near 0.6%.
By unifying spending, saving, and earning functions into a single digital product, the company targets individuals who may otherwise use unconnected financial services.