Moto Finance, a fintech startup focused on compliant decentralized finance features, has raised $1.8m in pre-seed funding from Cyber Fund and Eterna Capital to advance its blockchain-enabled savings account and Visa Infinite credit card platform. The investment will be used to accelerate product development, regulatory infrastructure, and the initial market launch. The round marks a milestone in Moto Finance’s plan to bring DeFi features to mainstream consumers within a compliant framework.
Moto Finance was founded by Shimon Newman and Ramses Kamanda, previously with Squads, reportedly the largest Solana-based protocol by value secured. The company describes itself as delivering decentralised finance features in a compliant format for end-users.
The Moto platform combines a high-interest savings account with a Visa Infinite credit card, enabling deposits, interest accrual, and global spending. Card balances are settled at the end of each billing cycle, with users able to earn interest on deposits and receive cashback through yields sourced from insured DeFi mechanisms. The rewards are structured in three tiers: Tier 1 covers deposits between $0 and $100,000 with 5% cashback and 2% interest; Tier 2 covers $100,000 to $499,999 with 5% cashback and 3% interest; Tier 3 covers $500,000 and above with 5% cashback, 5% interest on balances, and 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 persistently 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.
Moto Finance situates its offering as an alternative for those seeking integrated financial experiences amid persistently 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. Following the close of this funding round, Moto Finance intends to progress with product development, strengthen its engineering and compliance teams, continue work on regulatory infrastructure, and prepare its platform for broader market entry. The investment arrives at a time when demand for alternatives to conventional savings accounts and credit products is increasing among consumers interested in digital asset-based solutions. Allen Brooks, a Moto Finance representative, said: “Moto’s mission is to redefine how the next generation saves and spends.”
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