Aspiration Partners to go public via a SPAC merger with InterPrivate III Financial Partners in a $2.3bn deal.

Aspiration Partners, a fintech company, agreed to go public via a SPAC merger with InterPrivate III Financial Partners, a special purpose acquisition company, in a $2.3bn deal. PIPE investors in the deal include Financière Agache, Doha Venture Capital, Capricorn Investment Group, Serengeti Asset Management, Brand Capital International, Western & Southern Life Insurance, InterPrivate Capital, AGO Partners, and Drake. “Through its merger with InterPrivate, Aspiration will become the first ESG-driven fintech, a unique platform enabling individuals and enterprises to integrate and automate impact into their every-day financial and commercial transactions. The millions of passionate Aspiration members are an asset unto themselves, and have helped create a brand synonymous with sustainability that we expect to see extend in many exciting directions,” Ahmed Fattouh, InterPrivate III Chairman and CEO. On December 15, 2021, Aspiration and InterPrivate III Financial Partners secured an additional $315m investment from Oaktree Capital, a global alternative investment management firm, and businessman and investor Steve Ballmer.