Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Aspiration raises $47 million for “conscious banking”

Most banks profit from overdraft, ATM and other fees, or from financial products ill-suited to their customers.

Los Angeles-based Aspiration lets customers themselves choose how much to pay in fees. It also provides them with a “sustainability” score on their spending choices. “If we can start driving people to [put] ethics at the core of their daily spending decisions, you can totally transform [companies’] incentives,” says founder Andrei Cherny.

Investors in Aspiration’s Series B round include Allen & Company, Omidyar Network, Capricorn Investments, actor Orlando Bloom, L.A. Clippers coach “Doc” Rivers and former Citigroup COO Deborah Hopkins.

You might also like...