Company Overview
Yotta is an American fintech company offering sweepstakes games and formerly offering prize-linked savings accounts, serving over 700,000 members before facing a major crisis in May 2024 when the failure of its fintech dependency partner Synapse caused 85,000 customers with $112M in deposits to lose account access. Founded in 2019 and backed by Y Combinator (W20), Yotta raised $17.9M-$21.2M total funding including a $13.2M Series A in January 2021 led by Base10 Partners with participation from Y Combinator, Core Innovation Capital, and Slow Ventures. As of November 2024, 13,725 Yotta depositors were offered $11.8M of their $64.9M in deposits following the Synapse bankruptcy.
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Emerging Innovator
Yotta is an emerging player bringing innovative solutions to the Finance market.
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