Eco, a San Francisco, CA-based smart money company, raised $60M in funding.
The round was co-led by Activant Capital and L Catterton with participation from existing investors, including a16z Crypto, as well as new backers Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.
The company intends to use the funds to accelerate its product roadmap to consolidate all financial tools into a single wallet.
Led byAndy Bromberg, CEO, and Eco is a digital wallet for saving and spending, which rewards users every time they save, spend, or send money. The company, which has a waitlist of 180,000+ people, was co-founded by Henry Ault, Co-Founder & President, Ryne Saxe, COO, Joey Krug and Ryan Breslow.