The award-winning actor, Leonardo DiCaprio, is now part of a new investment firm that plans to be an environmentally friendly financial company. This new financial firm is called Aspiration is now providing clients with a socially conscious alternative to traditional banks. The actor is not new to investments in Green technology and environmentally friendly projects, so this one is just part of his expanding portfolio.
According to DiCaprio, “each year, $100 billion worth of pipelines, drilling and other fossile fuel-extraction projects are funded with money deposited at traditional banks.” He goes on to say that consumers are, in a world of solutions that could impact our planet, to empower consumers to take action against climate change is surely positive.
DiCaprio recently signed on to advise a climate technology fund owned by venture capital firm Princeville Capital. He also serves as an advisor to a firm called Bluon Energy that has ideas on energy-efficiency. Some are giving praise to this new system that, if successful, could open a new path to banking.
With DiCaprio on the team, Aspiration has now raised more than $100 million with venture capital and individual investors. The new financial firm that includes 2 percent annual percentage yield on deposits, with the FDIC insured for up to $250,000 is interesting. Aspiration guarantees that deposits are 100 percent fossil-free.
One of the firm`s representatives, said that there is a fair and ethical way of banking.