Technology

Internal docs appear to show execs at Eco, a personal finance app offering 2.5%-5% in "APY rewards", misrepresenting the risks of its lending practices to users (Jason Mikula/Fintech Business Weekly)

Photo of Grace Will Grace Will March 6, 2023
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Internal docs appear to show execs at Eco, a personal finance app offering 2.5%-5% in "APY rewards", misrepresenting the risks of its lending practices to users (Jason Mikula/Fintech Business Weekly)
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Jason Mikula / Fintech Business Weekly:

Internal docs appear to show execs at Eco, a personal finance app offering 2.5%-5% in “APY rewards”, misrepresenting the risks of its lending practices to users  —  a16z- and Thiel-Backed Startup’s Future Uncertain As It Loses Bank Partner, Pays User Interest With Own Funds



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