Source: Electronic Payments International – https://www.electronicpaymentsinternational.com/news/moto-finance-pre-seed-funding-blockchain-finance/?cf-view
Moto Finance raised 1.8 million dollars in pre-seed funding. Investors include Cyber Fund and Eterna Capital. The funding will support product development, regulatory infrastructure, and an initial launch.
Moto Finance builds a blockchain-enabled savings account and credit card platform. The company operates at the intersection of decentralized finance and regulated consumer finance. Its goal is to deliver DeFi features within compliant financial products.
The company was founded by Shimon Newman and Ramses Kamanda. Both founders previously worked at Squads, a Solana-based protocol measured by value secured. They left Squads to apply DeFi infrastructure to consumer-facing financial services.
Moto Finance combines a high-interest savings account with a Visa Infinite credit card. Users deposit funds, earn interest, and spend globally through the card. Card balances settle at the end of each billing cycle. Interest and cashback rewards come from insured mechanisms supported by DeFi protocols, according to the company.
The platform has a three-tier structure based on deposit size. Deposits up to 100,000 dollars receive 5 percent cashback and 2 percent annual interest. Deposits between 100,000 and 499,999 dollars earn 5 percent cashback and 3 percent interest. Deposits of 500,000 dollars or more earn 5 percent cashback, 5 percent interest, and extra benefits.
The company plans to grow its engineering, compliance, and regulatory capabilities ahead of wider market entry.
