Eco project invites you to take part in the formation of their community. And it creates the activity of which will be accrued points.
Eco puts your money back to work for you. It's not a bank, checking account, or credit card — it's building something better than all of those combined.
With Eco, you earn up to 5% annually on your deposits and get 5% cashback on spending at Amazon, Uber, and more. Plus, soon: pay bills, pay friends, and much more — all from the same, single wallet.
Those rewards sound too good to be true, but actually aren’t. They’re made possible by cutting out the inefficiencies and misaligned business models of the existing financial system. To do so, we need to build a completely new product, free from the past.
To power that, we’re proud to share that we’ve raised more than $35 million, including over $26 million in a recent round led by a16z Crypto with participation from Founders Fund, Activant Capital, Slow Ventures, Coinbase Ventures, Tribe Capital, Valor Capital Group, and more than one hundred other funds and angels. Previously, we raised $8.5 million led by Expa and Pantera Capital.
Here’s a partial list of some of the people we’re fortunate to partner with:
After a successful alpha test with millions of dollars deposited, the Eco App is now available. Sign up today
We want your money to work for you. But it’s just as important to build a sustainable, customer-aligned business that can serve you forever.
Every time you do anything in Eco — save, spend, refer friends — you earn Eco Points. They don’t do much today, but one day they will. Our business model is to try to make these Points as useful as possible over time.
Imagine a world where Amex executives got paid in Amex points, or Chase employees in Chase points. What do you think they’d do?
We think they’d probably try to do the right thing by their customers — they’d try to make those points as useful as possible.
And then imagine if that world expanded: if those companies paid their vendors in points. If they got paid by their customers in points. A world where, perhaps, that points system became an entirely new economy. What would happen then? And what might the flaws be with Amex or Chase doing that, and how could they be solved?
We’ll share thoughts on those questions soon.