Aspiration Partners is an online financial institution that offers banking and investing products and services.
Aspiration offers socially-conscious and sustainable cash management services and investment products, so you can make money while making the world a better place.
Aspiration was founded in 2013 by Andrei Cherny and Joseph Sanberg. The company is based in Marina del Rey, California.
Aspiration offers an interest-bearing deposit account with a debit card and reimburses out-of-network ATM fees worldwide.
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 allows its customers to name their own checking and investing fees through its “Pay What Is Fair” initiative. As of June 2019, Aspiration had 1.5 million customers.
Aspiration is backed by Allen & Company, Orlando Bloom, Alpha Edison, UBS, Gilt Groupe, GSV Capital, Capricorn Investment Group and others. The company raised $153M in a Series C round on May 21, 2020. This brings Aspiration's total funding to $200M to date.