Startup Sense Podcast

It feels like very few people nowadays actually love their bank. Over the past 20 years the big Wall Street banks have gobbled up the smaller community banks at a rapid pace so we're no longer doing business with a local company that we know and trust. The banking system has become more about shady financial products, over-leveraged balance sheets, more miscellaneous fees and outright fraud/scandals like we recently saw from Wells Fargo. Joseph Sanberg and his team at Aspiration realized it was an ideal time to start a financial company that customers would love and brag about. At this time Aspiration provides banking and investment solutions to customers but what makes the unique is that they are online-only.  Aspiration is reinventing the banking experience. The company was started a couple years ago, has 40+ employees and has already raised $30 million from investors. Not only does Aspiration donate 10% of their revenue to charity but they also allow customers to set the fee amounts on their bank and inves