Wallets/aspiration
Aspiration
0 standards supported
Overview
Aspiration is a US sustainability-focused financial-services fintech operated by Aspiration Partners Inc., founded 2015 in Los Angeles 1, 2. Aspiration markets cash-management accounts, a debit card and "Plant Your Change" tree-planting, with a pledge not to use deposits to fund fossil-fuel projects. It is a neobank (partner-bank issued, no own charter) and later expanded into carbon-credit / climate-services for businesses.
History
2015 — Aspiration launches 1, 2: Co-founded by Andrei Cherny and Joseph Sanberg as a values-driven, fossil-fuel-free banking alternative; cash accounts feature a "Pay What Is Fair" fee model.
2020-2021 — Growth + climate pivot + SPAC plans 2: Aspiration grew its consumer base and pivoted toward carbon-credit and corporate sustainability services; announced (later abandoned) plans to go public via SPAC.
2022-2024 — Restructuring 2: Aspiration restructured around its enterprise climate / carbon business amid pressure on the consumer side.
Ownership & operator
Operating entity: Aspiration Partners Inc. (US).
Co-founders: Andrei Cherny + Joseph Sanberg 2.
Major backers: Various venture and celebrity investors over time 2.
Regulators: Deposits FDIC-insured via partner bank (Coastal Community Bank); brokerage/SEC-FINRA for investment products.
Technical integration
| Layer | Description |
|---|---|
| Channels | Aspiration mobile app (iOS + Android) + Aspiration debit card |
| Identifiers | Email + phone + debit card number + SSN |
| US rails | ACH + card network |
| Card network | Mastercard / Visa (Aspiration debit) |
| Wallets | Apple Pay + Google Pay via EMV tokenization |
| Distinctive | Fossil-fuel-free deposit pledge; "Plant Your Change" round-up tree planting; sustainability impact score |
Implementations & partners
Operator: Aspiration Partners Inc.
Partner bank: Coastal Community Bank (FDIC-insured account issuance).
Competitors: Chime, Current, Varo Bank (US neobanks), and sustainability-banking peers; in business climate services, carbon-market providers.
Status
Active (restructured around climate / enterprise services) 1, 2:
- Aspiration Partners Inc. — sustainability-focused US fintech (partner-bank issued).
- Consumer cash account + debit + tree-planting, plus enterprise carbon-credit business.
- Precise current customer/financial metrics not consistently disclosed in verifiable form (~).
Sources
Source
Biography extracted from aspiration.md. See matrix.md for standards-support matrix if present.