Internal docs appear to show executives at Eco, a personal finance app offering 2.5% to 5% in "APY rewards", misrepresented Eco's lending practices to users (Jason Mikula/Fintech Business Weekly)
Jason Mikula / Fintech Business Weekly:
Internal docs appear to show executives at Eco, a personal finance app offering 2.5% to 5% in “APY rewards”, misrepresented Eco’s lending practices to users — a16z- and Thiel-Backed Startup’s Future Uncertain As It Loses Bank Partner, Pays User Interest With Own Funds — Hey all, Jason here.
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