https://www.bloomberg.com/news/features/2024-07-10/questionable-deals-caused-a-climate-finance-startup-to-unravel?utm_source=substack&utm_medium=email
Three years ago, Aspiration Partners had turned a debit card designed for sustainable shopping and investment accounts that promised complete exclusion of fossil-fuel stocks into a high-flying climate startup. The Los Angeles-based company had set itself on the verge of a stock market debut with an expected valuation of more than $2 billion.
Most of the climate-oriented companies that have made the jump into public markets focus on renewable energy or other breakthrough clean technologies. Aspiration would be one of the first green unicorns to emerge from consumer finance.
