Thread by @eco

📰💰🗞Big news: @ActivantCapital and @L_Catterton are co-leading a new $60 million fundraising round in @eco, joined by existing investors like @a16z Crypto and dozens of newcomers including @lightspeedvp, LionTree Partners and Valor Equity Partners.
eco.com/blog/time-for-…

This new capital following our $26 million fundraise announced in March validates the early traction we’ve seen for our all-in-one digital wallet and the entirely new, and better, financial services experience we’re providing to users through our #smartmoney promise.

What does #smartmoney look like? It looks like financial tools built on better infrastructure, operating with consumer aligned business models fully aligned with customers and delivered through a top-tier product.

Consumers are facing dismal choices at the moment — even the most innovative alternatives in traditional banking only address a single dimension of #smartmoney, at best. They fix the infrastructure, the alignment, or the product — but not all at once.

Eco combines all three. With Eco, you see the full upside and opportunity that comes with owning your money. It means having all your money in one simple place, without fees and without business models that take money out of your pocket. It means your money is working for you.

Eco isn’t a bank. It isn’t even a ‘neo-bank.’ It’s something better. Delivering on all three of #smartmoney’s foundations — infrastructure, alignment, and product — Eco is a bridge to the future of finance, today.

For more information on Eco’s #smartmoney promise and what it means for consumers, check out our blog post: eco.com/blog/time-for-…

And sign up here for our first ever Eco Explore event taking place virtually on August 18, 2021.

eco.com/explore

Finally, thanks to all who participated in this round, including: @ActivantCapital, @L_Catterton, @a16z Crypto, @lightspeedvp, LionTree Partners, Valor Equity Partners, @PanteraCapital, @expa, Blockchange Ventures, @AcsVentures, @BrentJMcIntosh, Bruce Richards, Cecilia Li...