What Yotta does

Yotta Technologies Inc. is a US-based consumer fintech founded in 2019 that operates a prize-linked savings and gamified banking platform. The company combines FDIC-insured deposit accounts (provided through partner banks Evolve Bank & Trust and Thread Bank, neither of which Yotta owns or controls) with sweepstakes-style games in which users accumulate entries based on savings balance and activity. The platform is delivered via iOS and Android apps and reports a user base of roughly 900,000 to 1,000,000 consumers, although it is restricted or barred in approximately 15 US states and Canadian provinces, materially capping its addressable market.

The core product stack centers on the Prize-Linked Savings Account, supported by YottaCash virtual currency and the Yottaball daily lottery draw, with the underlying Random Number Generator certified by Gaming Labs International. Surrounding products include Buckets (sub-account savings organization), Moonshot (free entry alternative), Pool Play (collective sweepstakes), Crypto Buckets earning approximately 2% APY on USDC, an I-Bonds Bucket offering approximately 6.89% APY, Paycheck Perks (sweepstakes tied to direct deposit), a Mastercard debit card via Evolve, a Visa debit card variant via Thread Bank, and a Yotta Credit Card. The company graduated from Y Combinator's Summer 2020 batch and has raised approximately $26.6M in disclosed venture funding across 2020-2022.

Revenue is generated through card interchange, deposit-spread economics with partner banks, sweepstakes economics, and ancillary card fees; Yotta is not itself a bank and does not hold FDIC-insured deposits directly. The business has been severely disrupted by the April 2024 collapse of banking-infrastructure provider Synapse (to which Yotta had migrated customer accounts in October 2023), resulting in at least $28M in losses for approximately 18,000 California consumers alone, a $1M fine from the California Department of Financial Protection and Innovation in May 2026 for deceptive FDIC-insurance marketing, and dismissal of Yotta's fraud suit against Evolve Bank & Trust in February 2026. The company continues to operate but faces material regulatory, reputational, and litigation headwinds that constrain its near-term trajectory.

Name

Yotta

Legal name

Yotta Technologies Inc.

Website

https://withyotta.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Yotta Technologies Inc. is a US-based fintech (founded 2019) offering a prize-linked savings platform that pairs FDIC-insured deposits via partner banks with sweepstakes games. It serves roughly 900K-1M retail consumers via mobile apps across most US states.

Ownership category

akta.pro rank

Product category

Consumer Prize-Linked Savings

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

In-Game Wallets, Stored Value & Virtual Currency Issuance (MPAFAJAB)

Keywords

• Prize-linked savings
• Sweepstakes banking
• Gamified savings accounts
• Debit card rewards
• High-yield savings buckets

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. GPU Compute Services: Provision of AI compute capacity through GPU infrastructure to enterprise and government customers. Revenue generated from compute usage, infrastructure services, and long-term commercial arrangements with technology partners. The partnership with Gorilla Technology is expected to generate over $500 million in revenue over five years from GPU deployment services.
2. Data Center Infrastructure Services: Large-scale data centre operations providing hyperscale AI compute capacity. Serves as neocloud partner for hyperscalers and provides infrastructure for enterprise and government AI workloads.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Yotta Technologies Inc. offers a prize-linked savings platform that pairs FDIC-insured savings accounts (held at partner banks Evolve Bank & Trust and Thread Bank) with daily sweepstakes games. Users accumulate YottaCash virtual currency through savings activity and free gameplay to enter drawings such as Yottaball, with complementary offerings including a debit/credit card suite, Buckets sub-accounts, an I-Bonds Bucket at approximately 6.89% APY, and a Crypto Bucket at approximately 2% APY on USDC.

Product overview

Yotta is a US-based fintech company offering a prize-linked savings and gamified banking platform. The core product is the FDIC-insured savings account (provided through partner Evolve Bank & Trust) that rewards users with sweepstakes entries based on their savings balance and activity. Users accumulate YottaCash virtual currency to enter sweepstakes games, primarily Yottaball—a daily lottery-style game where matching numbers wins cash prizes. The platform bundles banking services (debit card, credit card, paycheck deposits) with gamified entertainment features including Moonshot (free entry alternative), Crypto Buckets (2% APY on stablecoins), I-Bonds Bucket (6.89% APY), and Pool Play (group play). The ecosystem is anchored by the YottaCash virtual economy and governed by sweepstakes rules with mandatory arbitration provisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Prize-Linked Savings Account FDIC-insured savings account (held at partner banks Evolve Bank & Trust and Thread Bank) that rewards users with sweepstakes entries based on their savings balance and account activity, combining deposit banking with gamified prize drawings for individual consumers.
• YottaCash Virtual currency earned through free methods, gameplay wins, or bonus rewards, used to enter Yotta sweepstakes games; cannot be purchased and supports the no-purchase-necessary sweepstakes structure.
• Yottaball Daily lottery-style sweepstakes game in which users select five regular numbers plus one Yottaball number for a chance to win cash prizes redeemable 1:1 for USD.
• Moonshot Free, no-purchase-necessary method of entry into Yotta sweepstakes prizes, providing compliant alternative access for users who do not wish to engage with paid or gameplay-based entries.
• Buckets Savings organization feature that allows users to create separate sub-accounts within their Yotta account to allocate funds toward different savings goals.
• I-Bonds Bucket Savings bucket offering approximately 6.89% APY through I-Bonds investments, integrated into the Yotta savings platform for users seeking higher-yield deposit alternatives.
• Crypto Buckets Feature allowing users to earn approximately 2% APY on USD stablecoins (USDC), with automatic conversion of USD deposits into USDC at no fees and free conversion back to USD at any time.
• Yotta Debit Card Mastercard debit card (with a Visa variant via Thread Bank) issued by Yotta's partner banks, enabling purchases and ATM withdrawals with cashback rewards tied to the user's sweepstakes and savings activity.
• Yotta Credit Card Credit card offering cashback rewards and sweepstakes entries based on card transactions, extending Yotta's gamified rewards model to credit spending.
• Paycheck Perks Sweepstakes promotion in which users earn a chance to win a prize equal to their paycheck deposit amount by direct depositing their paycheck into their Yotta account.
• Pool Play Feature allowing users to join together to play Yottaball games collectively, increasing odds of winning while sharing any resulting prizes among the pool.

Quantifiable outcome

• Over 40% performance improvement and 20-30% cost savings for BHASHINI migration to sovereign cloud
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• NvidiacoreTechnology or Integration · 21 February 2026NVIDIA and Yotta are collaborating on a $2 billion+ AI computing hub project in India using NVIDIA Blackwell Ultra chips. NVIDIA is establishing a major DGX Cloud cluster through a four-year, over $1 billion engagement. The supercluster will be deployed at Yotta's data centers near New Delhi and Mumbai by August 2026, supporting trillion-parameter foundation model training and allocating over 10,000 Nvidia B300 GPUs to India's IndiaAI Mission for sovereign AI development.
• Amazon Web Services (AWS)coreTechnology or Integration · 17 February 2026AWS partnered with Yotta to deploy hybrid cloud infrastructure for India's National Informatics Centre under the Meghraj 2.0 initiative. AWS Outposts extends cloud capabilities into NIC data centers, allowing sensitive workloads to remain on premises while accessing AWS services including security features powered by AWS Nitro System, managed Kubernetes, databases, and storage. Yotta provides the physical data center infrastructure.
• BHASHINIcoreStrategic or Co-development PartnerYotta and BHASHINI completed deployment of sovereign AI cloud infrastructure on Yotta's Government Community Cloud and Shakti Cloud. The migration moved over 200 TiB of data and 3.5 billion files with zero data loss, delivering up to 40% performance gains, 20-30% cost savings, and sustained 99.99% uptime. All language datasets, AI models, and citizen interactions remain within India's jurisdiction, positioned as a reusable national framework.
• Gorilla Technology GroupcoreTechnology or IntegrationUK-based Gorilla Technology Group signed binding agreements with Yotta to deploy 640 high-performance NVIDIA HGX B200 servers with over 5,000 GPUs at Yotta's Tier IV data centre in Navi Mumbai. The deployment is expected to generate more than $500 million in revenue for Gorilla over five years, powering hyperscale AI compute services for enterprise and government customers. Companies are exploring broader deployment including over 5,000 additional servers and potential data centre collaboration in Thailand.
• IBMflagshipStrategic or Co-development PartnerYotta and IBM are collaborating to develop an agentic AI platform for Indian enterprises and government organizations, focusing on sovereign AI deployment models. This represents a significant strategic partnership for enterprise AI solutions in the Indian market.
• Microsoft AzurecoreTechnology or IntegrationYotta operates as a neocloud partner for Microsoft Azure, providing localized AI infrastructure and compute services for Azure customers requiring data residency in India.

Scale indicators10 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Long Game: Long Game is a prize-linked savings app that rewards users for saving money through games and lotteries, very similar to Yotta's core product. Directly comparable business model and target market of young, gamification-oriented savers.
• Acorns: Acorns is a US micro-investing and savings platform serving younger consumers with automated, gamified finance features. Comparable in target demographic and product simplicity, though more investment- than sweepstakes-led.
• Current: Current is a US fintech offering savings buckets, debit card, and gamified rewards for younger consumers. Overlaps significantly on savings buckets, debit, and digital banking experience targeting similar demographic.
• Dave: Dave is a US digital banking platform offering budgeting, savings, and cash advances with strong appeal to underbanked consumers. Comparable mobile-first fintech with similar demographic focus and overlap on debit/deposit products.
• Greenlight: Greenlight offers a debit card and savings platform for kids and teens with parental controls and rewards. Comparable in mobile-first savings and rewards model targeting younger savers and families.
• Step: Step is a US fintech offering banking, credit-building, and savings products targeting teens and young adults. Comparable mobile-first savings and debit-card platform pursuing similar Gen Z customer base.

Emerging players

• Goalsetter: Goalsetter combines savings and financial literacy with prize-linked giveaways targeted at younger and family users. Comparable gamified savings approach though focused more on education and parental controls.

Broad incumbents

• Chime: Chime is a large US neobank with millions of customers offering savings, debit, and credit products. Comparable banking-adjacent fintech at much greater scale, competing for Yotta's demographic with safer regulatory positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/YottaSavings
• Facebookfacebook.com/withyotta
• LinkedInlinkedin.com/company/yotta-saving
• Instagraminstagram.com/yottasavings

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yotta