Eco

Eco is a consumer fintech company, not an asset management firm, so there is no CIO or investment committee deploying capital in the traditional sense. Strategic direction, including how user deposits are allocated across yield-generating instruments, is led by Co-Founder and CEO Andy Bromberg. Treasury management relies on partner banks and internal protocol allocations.

Eco generates yield by allocating user deposits into a mix of traditional fixed-income assets and decentralized finance protocols. The firm then returns a portion of that yield to users as rewards, denominated in Eco Points or its native token. This contrasts with standard neobanks, which typically retain all net interest margin and interchange revenue.

Eco operates as a technology company, not a chartered bank. It partners with licensed banking institutions to hold user deposits and provide FDIC insurance, while Eco itself builds the consumer-facing wallet interface and rewards infrastructure. This asset-light structure is common among fintech platforms that want to avoid the capital requirements of a banking license.

Eco's 2021 Series C and subsequent 2023 funding were led by a16z, Founders Fund, Pantera Capital, and L Catterton, among others. The total disclosed funding raised as of March 2023 stood at $95 million across all rounds, per TechCrunch. These backers reflect a crossover between traditional venture capital and crypto-native funds.

Eco focuses exclusively on its direct-to-consumer digital wallet and does not operate as a fund manager or take external capital commitments. The company's capital comes from venture funding, and its product revenue derives from interchange, lending economics, and protocol yields — not from management or performance fees on pooled investment vehicles.