Our Mission

Yotta is out to change people's opinions about personal finance. Exciting. Responsible. Rewarding. Who knew saving could be so fun?

Yotta was founded to help Americans become more financially secure. According to the Federal Reserve, 40% of Americans can’t come up with $400 in an emergency. This leaves almost half the country in a financially vulnerable position.

Even though 40% of Americans struggle to save, Americans spend $80 billion on the lottery every year, or $640 per household on average. The lottery is the worst bet you can make - only 50% of what's put in is paid out.

So if the lottery is such a sub-optimal financial decision and saving is so important, why do people under-save and over-spend on the lottery? Because saving is boring. There's no short-term reward. On the other hand, the lottery provides immediate hope, excitement, and fun.

Yotta fixes this problem by making saving instantly fun while also offering better economic value than most savings accounts. With Yotta, you get the chance to win big just by saving. So even in weeks where you don’t win a prize, your money still grows, instead of disappearing like in the lottery.

The biggest five banks have 50% of the deposits in the U.S. Wells Fargo and Chase pay 0.01% on savings. We partner with high value banks that pay way better rates.

We pool together a portion of the interest from high value banks and offer it via prizes through weekly number draws. We also take a portion and pay it to you no matter what. It’s a win-win.

We were inspired by Premium Bonds in the UK, where 23 million people participate in savings product with a chance to win big prizes.

Leadership Team

Adam Moelis

Co-Founder, CEO

Forbes 30 Under 30. Previously worked at Goldman Sachs and YipitData. Graduated summa cum laude from Wharton with a degree in Finance and Accounting.

Ben Doyle

Co-Founder, CTO

Forbes 30 Under 30. Previously founded Entrypoint VR and worked at Bridgewater Associates. Graduated magna cum laude from the University of Michigan with a degree in Computer Science.

Backed by world-class investors

Cliff Asness

Founder and Chief Investment Officer at AQR. Named one of the 50 Most-Influential People in Global Finance by Bloomberg Markets magazine.

Ken Moelis

Founder and CEO of Moelis & Company (NYSE:MC), a publicly traded investment bank. Named one of the 50 Most-Influential People in Global Finance by Bloomberg Markets magazine.

Graham Stephan

Real estate agent and YouTube personality best known for videos on financial independence, saving money, investing money, and real estate investing.

Zach Weinberg

Co-Founder and COO of Flatiron Health. Sold company to Roche (SIX: ROG.SW) for $1.9bn. Formerly co-founder of Invite Media, which sold to Google for $81 million.

Karen Karniol-Tambour

Head of Investment Research at Bridgewater Associates, the world's largest hedge fund. World Economic Forum Young Global Leader and one of Fortune's 40 under 40.

Nat Turner

Co-Founder and CEO of Flatiron Health. Sold the company to Roche (SIX: ROG.SW) for $1.9bn. Formerly co-founder of Invite Media, which sold to Google for $81 million.

Matt Hooker

Co-founder and Chief Operating Officer of a $2 billion AUM hedge fund. Former Head of Trading at a $30 billion AUM hedge fund.

Ramanan Raghavendran

Founding Partner at Amasia, a global, early-stage venture capital firm. Serves on the Board of Trustees at the University of Pennsylvania.

William de Wulf

Managing Director at Strategic Value Partners, a global investment firm specialized in distressed and PE opportunities. Formerly Executive Director at Goldman Sachs

Jeremy Levine

Founder & CEO at Los Dos Tequila. Formerly Founder & CEO at Draft, a daily fantasy sports company that FanDuel bought for $48 million.

Nullah Sarker

Co-Founder, Executive Director at Kosmos Holding, a global portfolio of high-quality sports, media, and entertainment companies.

Jordan Fliegel

Managing Director at TechStars. Formerly co-CEO at Draft, a daily fantasy sports company that FanDuel bought for $48 million.

Greg Lerner

Goldman Sachs alum and current trader at a multi-billion dollar new hedge fund launch, approaching a decade of experience in financial services.