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Rewards-Focused Startup Eco Raises $26M in Round Led by a16z Crypto

Newly out of alpha mode, the platform offers up to 5% rewards on both crypto asset savings and spending.

작성자 Daniel Palmer
업데이트됨 2023년 5월 9일 오전 3:16 게시됨 2021년 3월 6일 오전 11:39 AI 번역
piggy bank

Eco, a cryptocurrency startup that claims it's building a new type of finance platform, has opened to the public with a fresh investment of $26 million under its belt.

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According to a blog post Friday, the firm's second fundraise was led by a16z Crypto – the digital asset investment arm of Andreessen Horowitz – with Founders Fund, Activant Capital, Slow Ventures, Coinbase Ventures, Tribe Capital, Valor Capital Group and more also participating.

CoinList co-founder Andy Bromberg took up the top job at Eco last October, as CoinDesk reported at the time.

Read more: Startup Backed by Uber Co-Founder Poaches CoinList President Andy Bromberg

Eco's sales pitch is that its platform is "not a bank, checking account, or credit card. We’re building something better than all of those combined."

Eco offers rewards on both crypto-asset savings and spending at firms like Amazon and Uber (Eco founder Garrett Camp is an Uber co-founder). Users will see cashback of up to 5% on spending and will earn 2.5%–5% annually with assets just sitting in their accounts, per the post. The top rate for savings is dependent on referrals to friends.

The startup says it can afford to do this by "cutting out the inefficiencies and misaligned business models of the existing financial system."

"Eco’s mission is to reimagine not only how consumer financial products work — but also to reimagine money itself," a16z Crypto's Katie Haun and Arianna Simpson said in a blog post about the investment. "Without the burden of legacy, misaligned business models, Eco is able to offer rewards that sound almost too good to be true, but aren’t."

The company, which has just opened up from private alpha mode, previously raised $8.5 million in a round led by Expa (Camp's startup studio) and crypto investment firm Pantera Capital.

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Protocol Research: GoPlus Security

GP Basic Image

Yang perlu diketahui:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors

(VanEck)

The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.

Yang perlu diketahui:

  • VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
  • The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
  • If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.