Aspiration Inc expands to the UAE

By Leandra Monteiro

California-based FinTech company, Aspiration Inc., announced that the company will be setting up offices at Abu Dhabi Global Markets.

Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven Global Access and powered by Abu Dhabi Investment Office (ADIO), that serves as a conduit to fast-track entry to the burgeoning UAE capital.

The announcement was made during Abu Dhabi Sustainability Week, where Vinoda Basnayake, President of Aspiration MENA discussed the company’s ambitious plans for the region. Aspiration is a purpose-driven climate action company that offers large and small enterprises, governments, investors, and consumers access to a portfolio of high-quality carbon assets through innovative products, services, and investments that drive climate action.

“Abu Dhabi is one of the world’s most forward-thinking and climate smart cities. We are excited about the opportunity to develop partnerships here with the support of Access Abu Dhabi and ADIO,” stated Vinoda Basnayake, President of Aspiration MENA. “Aspiration is the sustainability partner to some of the most recognized names in the globe ranging from corporations such as Meta and Deloitte to professional sports franchises the Los Angeles Clippers and the Boston Red Sox. We are excited to expand to the UAE and are looking forward to providing similar carbon mitigation solutions at scale here as well.”

Dhaher bin Dhaher Al Mheiri, CEO of ADGM Authority, said, “ADGM is pleased to welcome Aspiration Inc. into its sustainable financial hub based in the capital of the UAE. As the international financial centre that has achieved a carbon-neutral status and has a forward-looking and innovative approach to sustainability, we always look forward to onboarding purpose-driven climate action organisations such as Aspiration Inc. that advance environmental goals through similar beliefs and strategies. The opportunities within the global carbon market are already evolving and we are ecstatic about the value-add Aspiration Inc. will bring to businesses, investors, government, and government-affiliated bodies to strengthen the green economy of Abu Dhabi, the UAE and the MEASA region, especially with COP28 upcoming later this year.”