Yotta Technologies Inc. (Company)

Yotta is a financial technology company on a mission to help customers become more financially secure while providing the opportunity to win life-changing cash rewards of up to $10 million every week. Yotta is using the psychology that drives Americans to play the lottery to motivate Americans to save money. 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 on average, spend $80 billion on the lottery every year, or $640 per household on average. 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. Yotta partners with high value banks that pay way better rates and pools together a portion of the interest from high value banks and offers it via prizes ranging from 10 cents to the $10 million grand prize through weekly number draws. It also takes a portion and pays it to users no matter what. It’s a win-win.