The company will combine with InterPrivate III Financial Partners, the newest SPAC from Ahmed Fattouh, CEO and founder of Landmark Value Investments. The deal will net Aspiration, which plants a tree each time a user swipes one of its cards, more than $400 million.
Estimated reading time: 0 minutes, 25 seconds
Hollywood Star Powered Aspiration Plans Merger, Massive Valuation
Aspiration Partners, a fintech backed by celebrity stars Leonardo DiCaprio, Orlando Bloom and Robert Downey Jr., is planning a $2.3 billion public merger via a “special purpose acquisition company,” also known as a SPAC. So reports Barron’s.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Sep 03 2020
-
Written by FinTech News Brief Staff
The IRS issued new guidance indicating cryptocurrency earned from crowdsourcing-based…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 21 2018
-
Written by Jacob Roberts
Online software vendor Kashoo is forming focus group to react…
-