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Los Angeles based FinTech startup Aspiration raises $135 mn in funding

Los Angeles based Aspiration, a FinTech company with the mission of enabling financial solutions to everyone has announced that the company has closed a $135 Million Series C funding round. The company is planning to use the funding to help more Americans have access to conscious financial products and services.

The company stated “We’re thankful to the over 1.5 million Americans who have already started the journey with us. And we’re excited to help every American use their money in a way that helps them both do well and do good.”

Aspiration offers cash back on every purchase with extra rewards for shopping at stores. It claims to provide 100 times higher interest and unlimited cash back compared to big banks and Wall Street.

Aspiration believes in Green financial services and has introduced ways to spend, save and invest that allow customers to help make their money have an impact with a commitment to fossil-fuel-free deposits ( deposits are not funding fossil fuel projects like pipelines, oil drilling and coal mines), its debit cards are made from recycled plastic, features like AIM (Aspiration Impact Measurement™) scores for spending, provides the power to automatically carbon-offset gas purchases with Aspiration Plus and Planet Protection. The company is emphasising on planting a climate change-fighting tree every time a customer makes a purchase.

The FinTech offers 1.00% APY interest on saving account; nationwide fee-free ATM access; 10% cash back at mission-focused merchants like TOMS, Warby Parker, and more; carbon offsets for all gas purchases with Planet Protection. Deposits in spiration Spend & Save Account are FDIC Insured with up to $2 million per depositor by being swept to FDIC Member Institutions.

Founded in 2013, Aspiration offers financial services and investment products that put customers, their conscience, and the planet first.

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