Aspiration Partners Inc. announced its successful funding from the global asset management firm Oaktree Capital Management and associates of erstwhile Microsoft CEO – Steve Ballmer.
Aspiration claims that will bring forth ecologically friendly banking services and financial products, it states that clients funds and card payments would not be accustomed to fueling either oil or coal sectors but instead provide real sustainable solutions to address and tackle climate change.
The California-based startup has not only received $315 million from the alternative investment strategists at Oaktree Capital but is supported by celebrity names such as Leonardo DiCaprio and Robert Downey Jr.
The cash infusion comes only months after Aspiration concurred to be made public via a merger with InterPrivate III Financial Partners at a $2.3 billion valuation.
The startup is currently looking forward to net earnings in excess of $700 million which would contain a $200 million private investment in public equity and roughly $260 million from special-purpose acquisition companies account.
Photo by Fateme Alaie