About Aspiration
Aspiration is a Financial Services company based in Los Angeles (United States) founded in 2013 by Joseph Sanberg and Andrei Cherny. It operates as a digital sustainable banking services are offered to consumers. Aspiration has raised $865 million across 6 funding rounds from investors including UBS, Renren and Oaktree Capital Management. The company has 237 employees. Aspiration has completed 2 acquisitions, including Carbon Insights and carboninsights.com. Its chief executive is Andrei Cherny. Its website aspiration.com draws about 27 thousand monthly visits. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its legal entity is ASPIRATION PARTNERS, INC.
Company details
Aspiration was founded in 2013 in Los Angeles, United States, as a digital bank focused on sustainable consumer finance. Operations include online money transfers, balance inquiries, cash withdrawals, loan applications, bill payments, and debit card issuance. Tools for personal finance tracking and expense management are provided, along with fraud prevention and chargeback handling features. The platform serves users primarily in the United States through its digital interface.
- Headquarters Los Angeles, United States
- Employees 237
- Founders Joseph Sanberg, Andrei Cherny
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website aspiration.com
- Social LinkedIn X Facebook
- Legal Name Aspiration Partners, Inc.
- Total Equity Funding$865M (USD)
in 6 rounds
- Latest Funding Round$315M (USD), Series D
Dec 2021
- InvestorsUBS
& 22 more
- Employee Count237
- Investments & AcquisitionsCarbon Insights
& 1 more
Funding Insights of Aspiration
Aspiration has successfully raised a total of $865M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $315 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $865M
- Total Rounds 6
- Last Round Series D — $315M
- First Round $2.5M
(Jun 2013)
- Investors Count 23
All 6 funding rounds of Aspiration with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $315M | Series D | – | Oaktree Capital Management | |
| Jan 2021 | $350M | Series D | – | – | |
| May 2020 | $135M | Series C | – | Alpha Edison | |
| Dec 2017 | $47M | Series B | – | Social Impact Finance | |
| Sep 2015 | $15.5M | Series A | – | Renren | |
| Jun 2013 | $2.5M | Seed | – | – | – |
23 investors in total: 15 institutional and 8 angel.
Investors in Aspiration
Aspiration has secured backing from 23 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include UBS, Renren and Oaktree Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors | 1995 | oaktreecapital.com | Los Angeles, United States | |
Series A and growth-stage investments are made by Alpha Edison. | – | alphaedison.com | Los Angeles, United States | |
US private equity investments are managed by DNS Capital. | – | dnscap.com | Chicago, United States | |
Radicle Impact is focused on early-stage impact investments. | – | radicleimpact.com | Oakland, United States | |
A family-owned conglomerate, Pohlad Companies is focused on diversified business operations. | – | pohladcompanies.com | Minneapolis, United States | |
Venture capial firm focused on technology sectors | – | agopartners.com | Los Angeles, United States | |
Venture capital fund focused on multiple sectors | – | surocap.com | San Francisco, United States | |
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Social impact startups are accelerated through focused programs. | – | socialimpactfinance.eu | Potsdam, Germany | |
Investments are made in US tech and life sciences firms. | – | m14t.com | San Francisco, United States |
Investor details for Aspiration
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Aspiration
9 people are tracked at Aspiration (4 in leadership, 5 in team); the tracked headcount is 237.
| Name | Role | Group |
|---|---|---|
Joseph Sanberg | Co-Founder | Leadership |
Andrei Cherny | Co-Founder & CEO | Leadership |
Olivia Albrecht | CEO | Leadership |
Tracy Bain | Vice President, Head Of Monitoring & Engagement | Leadership |
Peter Averianov | Software Engineer | Team |
Daniel Skerl | Senior Fraud Specialist | Team |
Nathan Hirstein | Onboarding Fraud Risk Team Lead - Financial Crimes & Fraud Prevention | Team |
Taylor Miller | Fraud Specialist Ll | Team |
Amy Odom | Sr. Media Compliance Analyst | Team |
Complete people profiles for Aspiration
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Aspiration
Aspiration has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Carbon Insights and carboninsights.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of solutions to calculate and offset the carbon footprint | carboninsights.co | Denver, United States | 2020 | Jan 2022 | •••• | |
Carbon emissions analytics and sustainability insights are provided. | carboninsights.com | Tennessee, United States | 2018 | Jan 2022 | •••• |
Complete acquisition details for Aspiration
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Timeline of Aspiration
5 dated milestones of Aspiration across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Aspiration is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series D, of $315.0M.
- Acquisition Acquires Carbon Insights.
- Acquisition Acquires carboninsights.com.
Web traffic of Aspiration
The website of Aspiration (aspiration.com) receives about 27K visits a month.
- Monthly visits27K
▲ 14.1% vs previous month
Websites whose visitors overlap most with Aspiration. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
citizensbankonline.com | citizensbankonline.com | 100% | – | #6,227 | – |
| boh.com | 100% | 516.2K | #75,763 | View details | |
| synchrony.com | 100% | 41.4M | #874 | View details | |
| capitalone.com | 99% | 148.4M | #178 | View details | |
| americanexpress.com | 99% | 107.4M | #276 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for Aspiration
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- 29 similar websites
- Audience overlap
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Aspiration (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 | |
Digital banking services are offered to individuals and businesses. | 2013 | Sao Paulo, State of Sao Paulo, Brazil | USD 2.27 B | USD 14.5 B | 12,989 |
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Related news about Aspiration
Complete news archive for Aspiration
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Frequently Asked Questions about Aspiration
Aspiration was founded in 2013.
Aspiration is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Andrei Cherny is the current CEO of Aspiration. They have also founded this company.
Aspiration is a funded company, having raised a total of $865M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jun 2013.
Aspiration has 237 employees.
Aspiration was founded in 2013 in Los Angeles, United States, as a digital bank focused on sustainable consumer finance. Operations include online money transfers, balance inquiries, cash withdrawals, loan applications, bill payments, and debit card issuance. Tools for personal finance tracking and expense management are provided, along with fraud prevention and chargeback handling features. The platform serves users primarily in the United States through its digital interface.
Aspiration has made 2 acquisitions, including Carbon Insights, and carboninsights.com.
Aspiration has 23 investors. Key investors include UBS, Renren, Oaktree Capital Management, Allen & Company, and SuRo Capital.
Aspiration operates through Aspiration Partners, Inc..