The new financing comes just months after the company's $26 million fundraise announced in March. They're joined by many of Eco's existing investors, including a16z Crypto, as well as a number of new faces: Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.

Eco is a digital wallet for saving and spending. It replaces checking accounts, credit cards, and more with a single product that rewards you every time you save, spend, or send your money. Eco leverages a novel business model aligned with customers, unlike anything else in the market.