Eco Raises $26 Million Led by a16z Crypto to Replace Checking Accounts, Credit Cards, and More

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Eco, a digital wallet for saving and spending, today announced an investment round of over $26 million led by a16z Crypto, with participation from Founders Fund, Activant Capital, Coinbase Ventures, Slow Ventures, and more than one hundred others. This comes after Eco raised more than $8.5 million led by Expa and Pantera Capital.

With Eco, users earn up to 5% annually on their deposits and also get 5% cashback on spending at major merchants. Eco is developing features to help users pay bills, send money to friends, and more — all from the same, single wallet.

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