Aspriation raises $47 million for its socially responsible banking services

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A who’s-who of celebrities, investors, and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to challenge the traditional banking industry.

For Andrei Cherny, Aspiration’s founder and chief executive, the company’s business is an inversion of the business model of the typical modern bank.

“The problem with how banks make money off of most people is that often times banks make…

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