Aspiration's Customers Plant One Million Trees In Just Three Months

LOS ANGELES, July 14, 2020 /PRNewswire/ -- Aspiration, America's socially-conscious, sustainable neobank, today announced its customers have planted over one million trees since the company introduced its 'Plant Your Change' feature just three months ago. The feature allows users to help reforest the planet through their everyday shopping.

By activating Plant Your Change on Aspiration's debit card, users round up purchases to the nearest dollar to plant carbon-soaking trees. Recent studies have indicated that planting trees is one of the best ways to combat human-caused climate change, making every card swipe a proactive step toward significantly reducing levels of CO2 - while also helping water quality, improving soil strength and preserving animal habitats.

The Plant Your Change feature was launched to all Aspiration customers in mid-April, in the midst of the COVID crisis. But Aspiration customers stepped forward to round up their transactions even amid this scary and difficult moment. While in the past three months, major banks likely funded around $50 billion in fossil fuel projects using their customers' money -- the equivalent of building 77 offshore oil rigs -- Aspiration customers have had an enormous positive impact. One million trees can:

• Absorb about 24,000 tons of carbon dioxide each year
• Make the carbon impact of removing one car per household in Atlanta, Tucson, or Kansas City off the road for a year
• Provide enough oxygen for 2 million people to breathe

"Planting one million trees is a big achievement, but it is just the beginning," said Andrei Cherny, Aspiration CEO and co-founder. "What we've seen during the COVID-19 crisis is that our customers want to do more, not less, to take action to save our planet. They're looking for a very different approach when it comes to thinking about their financial life -- and they have very different expectations."

Plant Your Change is just one of the Aspiration products and services helping its customers have a positive impact by aligning their money with their values. The company is the world's leader in offering planet-saving features that provide an alternative to the way big banks have used customer money for decades. Along with Plant Your Change, Aspiration customers can see their personal sustainability score and the score of the places they shop with AIM (Aspiration Impact Measurement), ensure their deposits are fossil fuel free and never used to fund oil drilling and pipelines, and make all their driving carbon neutral with automatic carbon-offset for all their gas purchases.

For more information about how Aspiration is helping save the planet through responsible and ethical financing, visit Aspiration.com. Join the conversation and connect with the team on Facebook, Twitter and YouTube.

About Aspiration Partners, Inc:

Aspiration Partners, Inc is the first socially-conscious, sustainable neobank built to help everyone spend, save, and invest to both "Do Well" and "Do Good." By bringing quality, ethical, and sustainable financial products to all, Aspiration is on a mission to revolutionize the financial industry and change it for the better. In 2018, Aspiration became the first U.S. neobank to end its reliance on a third-party bank account structure. Deposits in the Aspiration Spend & Save Account are FDIC Insured up to $2.46 million per depositor by being swept to FDIC member institutions. Aspiration Partners, Inc. is a certified B Corp. Headquartered in Marina del Rey, CA, Aspiration Partners Inc is backed by investors including Alpha Edison, AGO, UBS O'Connor Capital Solutions, DNS Capital, Sutter Rock, Allen & Company, the Omidyar Network, Social Impact Finance, the Husseini Group, Joseph Sanberg, Alex Pomeroy, Glenn "Doc" Rivers, Orlando Bloom, and Leonardo DiCaprio. For more information, visit Aspiration.com.

* The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, a broker-dealer registered with the SEC and  Member FINRA/SIPC. Cash balances in the Aspiration Spend & Save cash management account are eligible for FDIC insurance by being swept to FDIC member institutions. Aspiration Financial, LLC provides brokerage services and securities products. Its affiliate company, Aspiration Fund Adviser, LLC, an SEC registered investment adviser, provides investment advisory services. Aspiration Fund Adviser, LLC and Aspiration Financial, LLC are subsidiaries of Aspiration Partners, Inc. (Aspiration). Neither Aspiration Partners, Inc. nor any of its subsidiaries is a bank. Aspiration pledges to donate 10% of our profits to charities. For more information related to our product features please visit aspiration.com/get-account.

SOURCE Aspiration

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