What is Aspiration?
Aspiration Partners, Inc., founded in 2013 and headquartered in Marina del Rey, California, operates as an online financial institution. It offers a comprehensive suite of banking and investing products and services designed to make financial wellness accessible. The company aims to disrupt traditional finance by providing ethical and sustainable financial solutions, aligning with the growing consumer demand for purpose-driven financial products. Aspiration's business model focuses on empowering individuals to achieve their financial goals while making a positive impact.
How much funding has Aspiration raised?
Aspiration has raised a total of $564.5M across 6 funding rounds:
Series A
$15.5M
Series B
$47M
Debt
$2M
Series C
$135M
Unspecified
$50M
Private Equity
$315M
Series A (2015): $15.5M with participation from Renren, GSV Capital, and Capricorn Investment Group
Series B (2017): $47M led by Capricorn Investments, Omidyar Network, Social Impact Finance, Alpha Edison, AGO Partners, and Allen & Company LLC
Debt (2020): $2M supported by PPP
Series C (2020): $135M featuring Social Impact Finance, Alpha Edison, Radicle Impact, UBS Group AG, DNS Capital LLC, and Sutter Rock
Unspecified (2021): $50M backed by AGO Partners and Deep Field Asset Management
Private Equity (2021): $315M with participation from Oaktree Capital Management
Key Investors in Aspiration
Oaktree Capital Management
Oaktree Capital Management is a leading global investment management firm specializing in alternative investments, known for its opportunistic, value-oriented, and risk-controlled approach across credit, equity, and real estate markets.
AGO Partners
AGO Partners is a private equity company founded in 2013, providing venture capital, financial services, and investment funds, based in Los Angeles, California.
Social Impact Finance
Social Impact Finance (now Inclusif Social Capital) is an impact investment firm focused on generating market and social returns by accelerating capital to impact-driven opportunities, particularly for SMEs in the Benelux region.
What's next for Aspiration?
The recent major strategic investment in Aspiration suggests a phase of accelerated scaling and product development. This capital infusion is likely to be directed towards enhancing its platform capabilities, expanding its customer base, and potentially exploring new market opportunities. Given the enterprise-level nature of its funding, Aspiration is poised to further solidify its position as a leader in the fintech space, focusing on innovation and sustainable financial practices to drive long-term value and impact.
See full Aspiration company page
