About Yotta
Yotta is a company based in New York (United States) founded in 2020 by Adam Moelis. It operates as a Freemium, and Commission-Based. Yotta has raised $21.21 million across 3 funding rounds from investors including Base10 Partners, Y Combinator and Core Innovation Capital. Yotta offers products and services including Prize-Linked Savings, Debit Card, and Credit Card. Yotta operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Umba, among others.
- Headquarter New York, United States
- Founders Adam Moelis
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Yotta Technologies Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$21.21 M (USD)
in 3 rounds
-
Latest Funding Round
$17.79 M (USD), Series A
Jan 28, 2021
-
Investors
Base10 Partners
& 9 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Yotta
Yotta offers a comprehensive portfolio of products and services, including Prize-Linked Savings, Debit Card, and Credit Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Savings accounts with prizes are offered to users.
Debit card services are provided for user transactions.
Credit card options are made available to customers.
Unlock access to complete
Funding Insights of Yotta
Yotta has successfully raised a total of $21.21M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $17.79 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $17.8M
-
First Round
First Round
(01 Jun 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series A - Yotta | Valuation | Base10 Partners | |
| Oct, 2020 | Amount | Seed - Yotta | Valuation | Slow Ventures , Twenty Two Ventures |
|
| Jun, 2020 | Amount | Seed - Yotta | Valuation | Y Combinator |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Yotta
Yotta has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Base10 Partners, Y Combinator and Core Innovation Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related sectors.
|
Founded Year | Domain | Location | |
|
Early-stage startups are accelerated via funding and educational programs.
|
Founded Year | Domain | Location | |
|
Venture capital investments in fintech and technology for wealth and health.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Yotta
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Yotta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Yotta Comparisons
Competitors of Yotta
Yotta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chime, Stash, Dave, Albert and Umba, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
|
|
| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
|
|
| domain | founded_year | HQ Location |
Digital banking services are provided for easier financial management.
|
|
| domain | founded_year | HQ Location |
Digital banking app is offered for savings, investing, and budgeting.
|
|
| domain | founded_year | HQ Location |
Digital banking solutions are offered to individuals through mobile apps.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Yotta
Frequently Asked Questions about Yotta
When was Yotta founded?
Yotta was founded in 2020.
Where is Yotta located?
Yotta is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Yotta?
Adam Moelis is the current CEO of Yotta. They have also founded this company.
Is Yotta a funded company?
Yotta is a funded company, having raised a total of $21.21M across 3 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2020.
What does Yotta do?
Yotta is involved in providing innovative financial services, focusing on prize-linked savings accounts where users can win prizes. Various financial products such as debit and credit cards are offered. The company operates in the consumer banking sector, targeting individuals with free-to-play gaming and savings opportunities. Solutions like paycheck perks and customizable savings buckets are also provided to enhance user engagement and financial management.
What products or services does Yotta offer?
Yotta offers Prize-Linked Savings, Debit Card, and Credit Card.
Who are Yotta's investors?
Yotta has 10 investors. Key investors include Base10 Partners, Y Combinator, Core Innovation Capital, Slow Ventures, and Cliff Asness.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.