Los Angeles based ESG challenger bank raised $135m in Series C funding led by Alpha Edison.
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Neo-bank Aspiration raises $135m in Series C funding round
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Andrei Cherny, Aspiration’s co-founder and CEO, tells Fortune that March and April were the bank’s “two biggest months ever” in terms of debit card transactions, adding that the firm has seen “enormous demand” from its customers for additional “sustainability-focused financial products.” “I think this crisis is accelerating trends that were already occurring, and one of those is the shift toward digital banking,” Cherny says. “We think that this funding round will allow us to build out America’s preeminent socially conscious financial home for millions of people.”
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