Other
Apr 2024Synapse filed for Chapter 11 bankruptcy, triggering access issues for Yotta users whose funds were held through the Synapse/BaaS stack.
SourceSave money and win prizes up to $10m through weekly number draws.
Company research
Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Overview
Yotta is a consumer fintech app that lets users save and play for prizes, positioning personal finance as a game-like experience.
Primary product
A savings and rewards app with prize-linked savings/sweepstakes-style games
Founded
2019
Headquarters
New York, New York, United States
Team size
1-10
Industry
Entertainment Providers
Sub-industry
Consumer fintech / prize-linked savings
Offices
33 Irving Pl, New York, New York 10003, US
Business model
B2C subscription/consumer fintech
interchange/financial services-related revenue
prize-linked savings / sweepstakes
Funding
Stage
Series A
Total raised
$26.6M
Latest round
Funding Round · Feb 2022
Latest amount
$10M
Funding Round
Feb 2022
Series A
Jan 2021 · Base10 Partners
Seed Round
Aug 2020 · Y Combinator
People & investors
Leadership
Adam Moelis
Co-founder & CEO
Ben Doyle
Co-founder
Simon Kent
Head of CRM
Trevor Ford
Head of Growth
Work & culture
Public signals emphasize making personal finance fun, prize-driven engagement, and a small startup team; limited public detail on formal culture and benefits.
Compensation
No reliable public compensation data found in primary sources; only limited job-related signals were visible.
Product & market
Pricing
Not publicly clear from primary sources; consumer app monetization is likely through financial-services-related revenue rather than explicit software pricing.
Differentiators
- —Turns saving into a game with prize incentives
- —Prize-linked savings / sweepstakes mechanic
- —Consumer-friendly positioning around making saving fun
Competitors
Prize-linked savings apps
High-yield savings fintechs
Consumer banking apps
Scale & contact
Estimated monthly visits
237K
Traffic estimate as of Jun 2026
Signals & risks
Latest news
American Banker · May 2026
Discusses the DFPI action against Yotta Technologies for deceptive claims about FDIC insurance and account safety.
DFPI · May 2026
California regulators said Yotta misled consumers about FDIC insurance and required notice to impacted customers as part of the consent order.
Banking Dive · Apr 2026
Reports ongoing litigation tied to the Synapse/Evolve/Yotta customer-funds dispute.
Banking Dive · Jun 2025
Yotta filed an amended lawsuit accusing Evolve Bank & Trust of misappropriating customer funds and hiding the alleged shortfall.
Bloomberg · Apr 2025
Background on Yotta’s prize-linked savings model and early investors; explains the Synapse/Evolve banking stack problems that affected Yotta customers.
Jobs and careers at Yotta
4 jobs at Yotta
Research Engineer Intern - AI Systems
Remote
Engineering
United States
1mo ago
Remote
Internship
Research Engineer - AI Systems
Remote
Engineering
United States
2mo ago
Remote
Full-time
Sales Manager – GPU Compute & AI Model APIs
Remote
Business
United States
5mo ago
Remote
Full-time
GPU Cloud Platform Engineer
Remote
Engineering
United States
1y ago
Remote
Full-time