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 secures $135 million to expand impact banking products

ImpactAlpha, May 22 – Aspiration launched in 2015 to offer a green and “conscious,” digital alternative to mainstream banks. It has since gone on to expand products from basic banking and checking to investment products, like its conservation-focused IRA.

Aspiration closed its Series C round with backing from Alpha Edison, hedge fund manager UBS O’Connor, DNS Capital, Radicle Impact, Sutter Rock and Social Impact Finance. Early backers include Omidyar Network, Capricorn Investments and celebrity environmental activists Leonardo DiCaprio and Orlando Bloom.

Aspiration co-founder Andrei Cherny told Fortune that the bank had seen an uptick in demand for sustainable finance products during the pandemic. “This crisis is accelerating trends that were already occurring, and one of those is the shift toward digital banking,” he said.

You might also like...