Former Rally and Kabam executives address inflation and low interest rates by offering high-yield DeFi savings to everyone via a secure, non-custodial platform.

WASHINGTON, June 20, 2025 – YieldClub has introduced its mobile application, designed to simplify and enhance accessibility to high-yield crypto savings. The company also announced its upcoming public launch, accompanied by $2.5 million in pre-seed funding. YieldClub aims to connect traditional finance with the high-yield opportunities present in decentralized finance (DeFi), providing an easy-to-use platform where individuals can earn up to 12% APY on stablecoins, which is notably higher than traditional savings accounts.

The funding round saw support from prominent investors in the fintech and crypto spaces, including Pharsalus, Flex Capital, The House Fund, and Superlayer. Strategic angel investments were also made by established tech leaders such as Kevin Chou (Founder of Kabam), Sam Shank (Founder of HotelTonight), Charlie Songhurst (Former Head of Strategy at Microsoft; Investor), and early contributors to Solana.

YieldClub was co-founded by CEO Mahesh Vellanki and CTO Michael Li, both experienced in consumer tech from their time at Rally and Kabam. Their goal is to simplify DeFi and convert its advantages into a straightforward savings product for consumers. YieldClub offers a user-friendly app interface, simple social login for onboarding, and optimized methods for converting fiat to stablecoins based on region. The platform operates on a non-custodial basis, ensuring users maintain total control of their funds.

“While DeFi provides higher yields than traditional savings, it has been too complex to access, even for those familiar with crypto,” said Mahesh Vellanki, CEO of YieldClub. “YieldClub addresses this by simplifying sophisticated DeFi yield strategies into an accessible and secure mobile app. Now, anyone can benefit from significant yield potential with just a few clicks. We’ve created the easy-to-use, high-performance savings tool that we wanted for ourselves and for everyone else.”

YieldClub is launching its services as consumers look for better savings options with higher interest rates. The platform utilizes established and audited DeFi protocols like Morpho to generate yield on stablecoins. This allows users to gain access to potentially higher returns without the risk associated with more volatile cryptocurrencies. This method is particularly relevant in markets like Brazil, where stablecoin adoption is rapidly increasing.

“YieldClub has successfully made DeFi user-friendly,” said Auren Hoffman, General Partner of Flex Capital. “Mahesh, Michael, and their team possess a unique blend of extensive crypto knowledge and a history of building successful products that reach millions. They are ideally positioned to introduce the advantages of DeFi yield to a wider audience.”

The $2.5 million pre-seed funding will support the app’s public release, increase the variety of yield-generating options, improve partnerships for easy fiat-to-crypto conversion, and expand the engineering and product teams. Future plans involve launching a debit card that enables users to spend their stablecoin balances while continuing to earn yield, and exploring tokenized stock offerings for international users, all while maintaining its non-custodial approach.

“Think of us as the Robinhood for DeFi products,” Vellanki added. “We’re using the same focus on user experience and accessibility to provide access to a powerful financial tool that was previously only available to crypto experts. We aim to put institutional-grade yield generation in everyone’s hands.”

YieldClub is currently available for preorder on the , with its official public launch scheduled for Monday, June 23, 2025, on both Apple and Android devices.

About YieldClub

is simplifying decentralized finance (DeFi) for everyone. Founded in 2025 by consumer tech veterans from Rally and Kabam, YieldClub offers an intuitive mobile app that allows users to easily and securely earn high yields on crypto savings, without needing prior expertise or giving up control of their funds. Their mission is to make the powerful benefits of DeFi accessible to a global audience.

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