A New Way to Save, Spend, and Earn with Moto Finance

Moto Finance, a new financial tech company, just got $1. 8 million to build a unique money platform. This platform combines a high-interest savings account and a premium credit card, all powered by blockchain tech. The idea is to give people better ways to save, spend, and earn rewards, all in one place. The company was started by two former Squads employees, Shimon Newman and Ramses Kamanda. They wanted to bring decentralized finance (DeFi) to everyday people in a safe and easy-to-use way. Moto's platform lets users earn interest on their savings and get cashback on purchases. The interest and cashback come from stable and insured DeFi mechanisms. Moto's platform has three tiers based on how much you deposit. The more you deposit, the more you earn. For example, if you deposit $500, 000 or more, you get 5% cashback on purchases and 5% interest on your savings. Plus, you get extra perks like access to premium subscriptions and exclusive events.But Moto isn't just about money. It also offers lifestyle benefits. Cardholders get access to things like Spotify Premium, Netflix, and global concierge services. The goal is to make financial tools that fit into people's daily lives. This new funding comes at a time when people are looking for better alternatives to traditional banks. With low interest rates on savings accounts, platforms like Moto are becoming more popular. Moto plans to use this funding to improve its technology, expand its team, and work with regulators to bring its platform to market. If you're interested in trying out Moto's platform, you can join their waitlist on their website. They're still working on the final details, but it's clear they're aiming to change how people think about money.