What is Aspiration?
Aspiration Partners, Inc., established in 2013 and based in Marina del Rey, California, operates as a digital financial services provider. The company offers a suite of banking and investing products designed to align with consumer values, emphasizing ethical and sustainable financial practices. Aspiration aims to democratize access to financial tools that promote both personal wealth building and positive societal impact, positioning itself as a mission-driven alternative in the competitive fintech landscape.
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 Capricorn Investment Group, GSV Capital, and Renren
Series B (2017): $47M led by AGO Partners, Social Impact Finance, Omidyar Network, Capricorn Investments, Allen & Company LLC, and Alpha Edison
Debt (2020): $2M supported by PPP
Series C (2020): $135M featuring DNS Capital LLC, Sutter Rock, Social Impact Finance, Alpha Edison, Radicle Impact, and UBS Group AG
Unspecified (2021): $50M backed by Deep Field Asset Management and AGO Partners
Private Equity (2021): $315M with participation from Oaktree
Key Investors in Aspiration
Oaktree
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 providing venture capital, financial services, and investment funds, founded in 2013 and based in Los Angeles, California.
Social Impact Finance
Inclusif Social Capital (ISC) is an impact investment firm that began its journey in 2012, focusing on generating strong market and social returns while accelerating capital flows to impact-driven opportunities.
What's next for Aspiration?
With significant enterprise-level backing, Aspiration is poised for accelerated growth and innovation. The recent strategic investment will likely fuel the enhancement of its product offerings, expansion into new markets, and further development of its technology infrastructure. The company's focus on integrating financial services with a strong social and environmental ethos suggests a continued commitment to its core mission, aiming to attract and retain a growing base of value-aligned customers. Future developments may include strategic partnerships and the introduction of new financial products that cater to the evolving needs of conscious consumers.
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