Investors include Allen & Company, Omidyar Network, Capricorn Investments, actor Orlando Bloom, L.A. Clippers coach “Doc” Rivers and former Citigroup COO Deborah Hopkins
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.
Aspiration raises $47 million for “conscious banking” was originally published in ImpactAlpha on Medium, where people are continuing the conversation by highlighting and responding to this story.
This post was originally published on ImpactAlpha.com
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