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Former Tesla Exec Leads New Climate Fintech: Interview With Tim Newell, CEO Of Aspiration
- Aspiration, a financial technology company, offers digital and online green consumer financial services to individuals and families that include checking, savings, and investment accounts to combat climate change in everyday spending and saving.
- The demand for climate-friendly financial products is growing as people are increasingly concerned about climate change; it is translating to over 100 million people interested in enrolling for climate-friendly financial services.
- Most of the average American family deposits in digital banks are projected to grow at a rate of 14 times faster than in traditional banks.
- Aspiration’s products offer fossil fuel-free deposits, tree planting program, and carbon offsets as built-in features to reduce the carbon footprint by 57%, and bring climate action to everyday tasks and routines actively.
- In terms of climate impact, depositing money in environmental banks like Aspiration, rather than traditional big banks that invest in the fossil fuel industry, is the most powerful action that an average American family can take.
- Aspiration’s complete focus is on the 50 million climate-conscious consumers who are actively seeking to improve their daily choices through the products and services they purchase.
- Aspiration is committed to never investing or using customer deposits to fund fossil fuel exploration or production.
- AI will have a transformative impact in enhancing the transparency of all kinds of financial transactions including the climate impact of investments or transactions.
- Aspiration has planted more than 28 million trees, estimated to remove over 4.4 million tons of carbon dioxide equivalent from the atmosphere.
- The Aspiration brand not only allows customers to make a positive impact but also helps them shop more sustainably.in sustainability, thereby earning cashback and supporting sustainable business practices.
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