Eco

Eco

Digital currency and payment system provider

About

Eco.com operates in the financial technology sector, focusing on creating a new digital payment system that combines the advantages of traditional money and cryptocurrencies. The company has developed its own digital currency, ECO, which is designed to be user-friendly and cost-effective, with lower transaction fees compared to traditional banks and other crypto platforms. Eco.com offers products like the Tender POS, which enables merchants to accept instant crypto payments, and the Beam wallet, which simplifies digital transactions to resemble cash payments. The company aims to create a transparent and efficient payment system that benefits users, with a goal of increasing the adoption of its currency while ensuring that its governance aligns with user interests.

Company Stage

Seed

Employees

1,001-5,000

Industries

Fintech, Crypto & Web3

Total Funding

$83.7M

Headquarters

San Francisco, California

Founded

2018


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Simplify's Take

What believers are saying

  • Integration with DeFi platforms could expand Eco's financial product offerings.
  • Partnership with Zero Hash enhances Eco's stablecoin-powered financial services.
  • Eco's strategy aligns with the trend towards 'super apps' in fintech.

What critics are saying

  • Increased competition from established financial institutions threatens Eco's market share.
  • Volatility in the cryptocurrency market may impact the value of Eco's currency.
  • Regulatory scrutiny on digital currencies could increase compliance costs for Eco.

What makes Eco unique

  • Eco's Smart Money wallet rewards users for saving, spending, and sending money.
  • Eco Points offer a unique rewards economy, enhancing user engagement and loyalty.
  • Tender POS allows merchants to accept instant, seamless crypto payments.

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Growth & Insights
Headcount

6 month growth

-9%

1 year growth

-11%

2 year growth

4%

Benefits

Fully remote organization

Annual company retreats

Regular co-working opportunities

Medical, dental, & vision coverage

Unlimited vacation

401(k)

Work-from-home stipend

Monthly wellness allowance

Learning & development allowance

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