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)

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Jason Mikula / Fintech Enterprise Weekly:

Inside docs seem to point out executives at Eco, a private finance app providing 2.5% to five% in “APY rewards”, misrepresented Eco’s lending practices to customers  —  a16z- and Thiel-Backed Startup’s Future Unsure As It Loses Financial institution Companion, Pays Consumer Curiosity With Personal Funds  —  Hey all, Jason right here.