Leonardo DiCaprio, the Award-winning Hollywood actor recently signed up for a whole new role as the advisor and investor for a finance company that is environment-friendly as well. Aspiration, the finance company, is now working on a method to provide its consumers with socially conscious alternatives to traditional banks.
DiCaprio mentioned in his statement that every year about $100 billion is dedicated to drilling, pipelines, and other extraction processes for fossil fuels. All of this is funded by money deposited at the traditional banks. In order to bring some long-term solutions dedicated t the planet, we would require alternatives that empower the everyday consumers to procure action against climate change.
This new investment is one from the list of latest strings for environmental pursuits by the actor. He recently signed on as an advisor for the climate technology based fund which is owned by Princeville Capital, a capital firm. He also served as an advisor for the energy-efficient Bluon Energy which is a fresh new startup. Aspiration has till date managed to raise $100 Million+ through its name as venture capital & with help from individual investors.
Andrei Cherny, the Chief Executive of the company who also co-founded this company in the year 2015 stated that climate change is a real thing that needs to be addressed as fast as possible. Cherny flaunts a career that involved working on policies related to social issues and climate. This also included a stint when ex-Vice President Al Gore was sounding alarmed around the climate change during the time when none were listening.
Currently, Aspiration is completely focused on the growth for Spend and Save Account Product which is an alternative for traditional savings & checking products which were launched in the month of February. With Spend and Save Account, the company guarantees that the deposits are completely free of fossil fuel. Additionally, the company promises features that tend to be competitive with the traditional variant of banking products.
This includes a 2 percent yield on the annual percentage for deposits that are the FDICs insured as high as $250,000. The account additionally comes with unlimited rewards on cash-back for every dollar spent. Other features elaborate the account’s focus on green energy. This includes rewards meant for shopping along with the businesses that are completely focused on helping the environment & treating the employees in a fair manner.