Aspiration is a personal finance company that offers retail banking and investing services that enable customers to spend and save their money in ways that protect the planet.
Aspiration aims to help people and businesses build sustainable impact into what they do every day by making it easy, automated, and powerful.
Aspiration was founded in 2013 by Andrei Cherny and Joseph Sanberg. The company is based in Marina del Rey, California.
Aspiration provides banking services and investment products in an environmentally sustainable manner, claiming that customer savings and debit card purchases will not be used towards funding oil or coal industries.
Aspiration also offers mutual fund investments, including its sustainable Redwood Fund and its Flagship fund that invests in liquid alternative strategies. The Aspiration Redwood Fund, launched in November 2015.
Aspiration's affiliate company, Aspiration Fund Adviser, LLC, an SEC-registered investment adviser, provides investment advisory services. Aspiration Fund Adviser, LLC and Aspiration Financial, LLC are subsidiaries of Aspiration Partners, Inc. Neither Aspiration Partners, Inc. nor any of its subsidiaries is a bank.
Aspiration is backed by Oaktree Capital Management, Alpha Edison, UBS, Gilt Groupe, GSV Capital, Allen & Company, Robert Downey Jr, Leonardo DiCaprio, Orlando Bloom, AGO Partners, Capricorn Investment Group, and others. The company raised $315M in new financing on Dec 15, 2021. This brings Aspiration's total funding to $565M to date.