Aspiration has raised $47m for its alternative banking platform. The company's key product is its Summit personal banking account, which pays 1% interest and is fossil-fuel free. Customers can also track their so-called sustainability score. In the past year, it has launched a new app called Ecobank that lets users pay with bitcoin or other cryptocurrencies. The series B round included funding from organisations such as Allen and Company, as well as individual investors including actor Orlando Bloom and LA Clippers coach "Doc" Rivers. So far, a total of $350m has been saved with Aspiration.
Aspiration has raised $47m for its alternative banking platform. The company's key product is its Summit personal banking account, which pays 1% interest and is fossil-fuel free. Customers can also track their so-called sustainability score. Aspiration, founded by former Bill Clinton speechwriter Andrei Cherny, makes money by charging a set fee for its services, and also provides investment and retirement services. The series B round included funding from organisations such as Allen and Company, as well as individual investors including actor Orlando Bloom and LA Clippers coach "Doc" Rivers. So far, a total of $350m has been saved with Aspiration.