Moto Finance Inc. Secures $1.8 Million in Pre-Seed Funding to Build Blockchain-Driven Financial Platform

Moto Finance Inc. Secures $1.8 Million in Pre-Seed Funding

Moto Finance Inc. has secured $1.8 million in pre-seed funding from Cyber Fund and Eterna Capital to develop a blockchain-powered savings account and credit card platform. The company plans to use the funding for product development and regulatory infrastructure.

The platform aims to bring decentralized finance (DeFi) into a compliant and user-friendly financial product. It is designed to allow users to earn interest on deposits and receive cashback rewards using a decentralized infrastructure.

Moto's founders previously worked at Squads, a large protocol built on Solana, and are now focusing on building a consumer-oriented financial product that integrates traditional and decentralized finance features.

Why Did Moto Finance Secure This Investment?

Moto is targeting individuals seeking modern approaches to saving and spending. The funding round was led by Cyber Fund and Eterna Capital, both of which see potential in integrating DeFi infrastructure into consumer financial products.

The investment supports a broader trend of decentralized finance solutions entering mainstream consumer markets. By offering high-interest savings accounts and credit cards powered by blockchain, Moto aims to attract users who seek greater returns and transparency in their financial tools.

What Does the Platform Offer to Consumers?

The platform will feature a high-interest savings account and a Visa Infinite credit card. These products are intended to provide users with better returns and rewards while maintaining a compliant and secure environment.

Users will be able to earn interest on their deposits through insured and stable mechanisms supported by decentralized finance protocols. Additionally, the platform is designed to allow cashback rewards as part of the spending experience.

How Could This Impact the DeFi and Traditional Finance Sectors?

Moto's approach could bridge the gap between DeFi and traditional finance by offering familiar financial products with the benefits of blockchain technology. This includes transparency, yield generation, and automated processes according to market analysts.

As more DeFi projects aim to enter mainstream financial markets, Moto's model could set a precedent for how consumer financial products evolve. The integration of decentralized infrastructure into everyday banking tools may become a competitive differentiator for companies seeking to innovate in the fintech space.

By offering a compliant and user-friendly experience, Moto aims to attract a broader audience to DeFi solutions. This could accelerate the adoption of decentralized financial tools among users who are not traditionally engaged with cryptocurrency markets.