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Stock impact report

Former Tesla Fintech Head Spins Off Aspiration's Consumer Financial Brand to Serve Growing Demand for Climate-Friendly Financial Products [Yahoo! Finance]

Coastal Financial Corporation (CCB) 
Last coastal financial corporation earnings: 4/27 09:25 am Check Earnings Report
Company Research Source: Yahoo! Finance
SAN FRANCISCO April 23, 2024 /PRNewswire/ -- In response to the growing demand for climate-friendly financial services, fintech and sustainability industry veteran Tim Newell has reached an agreement with climate finance company Aspiration Partners, Inc., to spin off Aspiration's green consumer financial services brand into a new standalone company. The new company will continue to operate under the Aspiration brand name, offering sustainable checking, savings, and investment accounts that empower climate-conscious individuals to combat climate change through their everyday spending and saving. Newell, the former head of the consumer financial products teams at Tesla and SolarCity, will take on the role of Chief Executive Officer, having previously led Aspiration's consumer fintech division as Chief Operating Officer of Aspiration Partners. The management team and employees of Aspiration's consumer division are joining as the founding members of the new venture. The new company pla Show less Read more
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