Why Aspiration’s funding pool has dried up

https://www.mobilepaymentstoday.com/news/why-aspirations-funding-pool-has-dried-up/
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Why Aspiration’s funding pool has dried up

Aspiration, a Los Angeles-based neobank backed by high-profile investors that include actor Leonardo DiCaprio and Orlando Bloom, is finding it difficult to raise funds and cut about 15% of its workforce last month, according to a report by CNBC.

Investors are cooling down on certain start-up ventures following the recent investment debacle at WeWork, according to the report, which said that Aspiration has run into some difficulty gaining traction on a new round of funding.

The neobank has previously raised $110 million from venture funds and celebrity investors and was reportedly looking to raise another $200 million earlier this year and a $1 billion valuation. 


Topics: Mobile Banking, Venture Capital


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https://www.mobilepaymentstoday.com/news/why-aspirations-funding-pool-has-dried-up/