FIN Cited in FORTUNE Story on Climate Fintech

The sector is booming (and of course we got there first).

FIN Cited in FORTUNE Story on Climate Fintech

Back in June, FIN published a roundup of fintech companies who are pushing forward an agenda about sustainability and/or green consciousness. A leader in that space is the Los Angeles-based Aspiration, which uses the tag line “Clean rich is the new filthy rich.”

Aspiration has financial products that try to draw awareness to users’ climate footprint, and promise offsets. Aspiration was founded in 2013 by Andrei Cherny, a former speechwriter for Bill Clinton, and is well funded by several professional investment firms and celebrities.

In August, it was revealed that Aspiration is planning to go public through a SPAC. The Aspiration filing revealed something really interesting: while from a consumer perspective, Aspiration’s main business is in financial products, a bigger chunk of its revenues come from selling carbon offsets to corporations, which apparently it can do because of a happy confluence of a large customer base and companies who are eager to reduce their carbon footprints. A just-published FORTUNE article cites FIN in this very interesting roundup.