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, a point-of-sale system that enables merchants to accept instant crypto payments, and the Beam wallet, which simplifies digital transactions to resemble cash payments. The company aims to establish a transparent and user-aligned digital currency governed by clear rules, making it distinct from competitors by prioritizing user experience and lower costs. The ultimate goal of Eco.com is to redefine how money works in the digital age, making payments more efficient and accessible for everyone.

Company Stage

Seed

Employees

501-1,000

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

  • Partnership with Zero Hash enhances Eco's stablecoin transaction capabilities.
  • Beam project positions Eco as a leader in user-friendly crypto payment solutions.
  • $95M Series B funding supports Eco's expansion and development efforts.

What critics are saying

  • DeFi competition could dilute Eco's market share and user base.
  • Regulatory challenges in international markets may impact Eco's operations.
  • Reliance on partnerships like Zero Hash exposes Eco to potential partner risks.

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 seamless crypto payments, differentiating Eco from traditional payment systems.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-8%

2 year growth

56%

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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