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Another neobank, Aspiration, launched in 2014 with a climate-friendly mission that included the option of rounding up debit card purchases to the nearest dollar to plant a tree and had backers including actors Leonardo DiCaprio and Orlando Bloom. It saw its monthly application downloads drop from 400,000 per quarter at the end of 2021 to 35,000 per quarter at the end of 2022, according to Apptopia, a mobile analytics firm. Last October, its CEO resigned when a planned SPAC deal, which valued the money-losing company at $2.3 billion and promised to inject $400 million in fresh cash, was delayed. Aspiration recently made a hard pivot toward enterprise clients, promising carbon credit solutions to corporations, while its SPAC merger and IPO deadline have been extended to March 31, 2023.
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