Yotta

Yotta: a no-loss lottery bank that gives away millions weekly

Julian describes Yotta, a YC bank with low overhead that redistributes its margin into a real weekly lottery for customers. Just by keeping money in the bank you're automatically entered to win, turning a savings account into compelling ad fodder.

“So what Yotta does is they'll take your money, just they're a normal bank, they'll take your money, you know, they'll manage savings. But because they're so low overhead, they, they redistribute all of that extra potential margin into lottery winnings for their bank customers. So just by having more money in Yotta, they're going to give you tickets to this, to this real lottery that they run every single week. They give away millions and you just, you're automatically entered if you're just a bank card.”

Steal thisTurn a boring savings product into a no-loss lottery: redistribute interest/margin as prizes so customers can win without risking principal.