Renren led the round with the participation of GSV Capital, Capricorn Investment Group, IGSB, and some of America’s leading finance and technology leaders, including David Bonderman, Gordon Crawford, Matthew Dowd, Rick Hess, Bill Lee, Joe Lonsdale, Alexis Maybank, Lenny Mendonca, Steven Rattner, Dan Rosensweig, Matthew Salzberg, Joseph Sanberg, and Frank Yeary.
‘Aspiration is a financial firm for everyone that is built on the idea that profit and purpose can go hand in hand,’ said Andrei Cherny, CEO and co-founder of Aspiration. ‘We are delighted that this approach has not only resonated with so many customers, but has now received the support of a group of brilliant and innovative leaders who share our mission. With this additional capital and support, we can expand the products and services we offer to the growing Aspiration community. ”
Joseph Chen, Chairman and CEO of Renren, said, “Renren is committed to investing in the most important and fastest-growing Fintech platforms, so we couldn’t be more excited about the opportunity to invest in Aspiration. The financial industry is ready for transformation and, with its ‘do well and do good’ approach, we believe Aspiration is set to be one of the defining new financial brands for consumers in the 21st century-first in the United States and then around the world. ”
Aspiration creates and curates financial products and brings them directly to Aspiration’s customer. Com, thereby disintermediating traditional advisers and middlemen Aspiration’s mutual funds have a minimum investment of $500 A high-yield, FDIC-insured audit account has recently been unveiled: the Aspiration Summit Account offers up to 100 times the interest rate on large bank accounts, no minimum balance requirements or monthly service charges, and free access to every ATM in the world.
Aspiration’s unmatched pro-investor approach trusts its customers to pay only what they think the company deserves, even if it means zero. Aspiration brings a unique charitable aspect to financial services by donating 10% of its revenue to non-profit organizations providing micro-loans and mentoring low-income Americans for start-ups-and helping their customers to address the causes of their choice.
Launched in November 2014, Aspiration has become one of America’s fastest-growing online financial firms, overshadowing the growth rates of so-called ‘robo-advisors’ ”
‘Wall Street works great for a lucky few, but most Americans have been left out of the possibility of wealth-creation because they haven’t had a financial firm they felt they could trust or a laser-focused on their specific needs and goals,’ Joseph N said. Sanberg, co-founder and chair of the Board of Directors of Aspiration ‘With its unique model, groundbreaking technology and customer-friendly approach to education, Aspiration is successfully opening the door to investment in the middle class. ”
About the Suction
One of the fastest growing online investment platforms, Aspiration offers all kinds of investment strategies that were once confined to the wealthiest Americans. Using state-of-the-art technology, Aspiration is revolutionizing how financial services are delivered to Americans by successfully pioneering, conscientiously, a democratized and purpose-driven investment firm and building an unprecedented level of trust with its customers. Aspiration Fund Adviser, LLC, a wholly owned subsidiary of Aspiration Partners Inc. It is registered with the United States Securities and Exchange Commission (SEC) Visit the www site Aspiration to be Com for more info or http://bit Li/1UVQQhx to download the official press kit
About Renren:
Inc Renren (RENN) operates the leading real name of the social networking internet platform in China It allows users to connect and communicate with each other, share information and user-generated content, play online games, watch videos and enjoy a wide range of other features and services. Renren’s As of 30 June 2015, Com had approximately 227 million active users.
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