Moto: Your Last Credit Card

Two months ago we shared our view on the best crypto credit card design. Luckily, Shimon saw our thesis and reached out to us.

Today we’re excited to announce that we co-led their pre-seed. Moto is building exactly what we’ve described — a secured credit card built on stablecoins & targeting High-Net-Worth individuals.

The Thesis: Offer Superior Yield, Issue Secured Credit, Charge on AUM

Crypto cards today serve only the niche crypto-savvy user segments. But the underlying rails have never been stronger. Anyone now can utilize crypto rails, and build a wallet + card product, together with killer features like IBAN transfers. However, this market’s unit economics have been weak, making it hard to build a sustainable business model. This changes with Moto. 

Their unique product and GTM scales with AUM, and resembles closely how banks work today. Moto allows High-Networth-Individuals to park their assets for safe and sustainable yield, and simultaneously spend via a credit card secured by those assets.

As a result, users will be able to get up to 5% of yield on the deposited assets and 5% in cashback*, with no FX fee. Sign up for their whitelist here: [ moto-card.com ]

The Team

Shimon and Ramses combine a unique set of traits: while they live & breathe crypto and  worked on the front-lines of it – most notably at Squads – they also possess the rare sense of today’s zeitgeist in culture & fashion. They are incredibly driven, and have a great vision for the next-gen financial products built on crypto rails.

The Future

The future banking products will be drastically different: self-custodial, high yield, maximally transparent. And all of this is powered by the crypto rails – we have high conviction that this market expands more than 10x from there, pushing the next leg of the DeFi revolution. 

On the back of this expansion we are absolutely delighted to partner with Moto, to help them build the first true onchain Neobank. We believe that Moto is positioned to be not only the biggest crypto card, but also to directly compete with Amex. *Visit moto-card.com to see T&C