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A digital bank that raised $110 million from investors including Leonardo DiCaprio has run into trouble
A digital bank that raised $110 million from venture capital funds and celebrities including Leonardo DiCaprio is scrambling to find funding, a potential sign that investors are cooling on risky start-ups after the WeWork debacle. At first blush, Aspiration has all the trappings of a successful disruptor. Part of a new breed of online-only banks, the Los Angeles-based start-up has celebrity backers including DiCaprio and Orlando Bloom, rapid growth and a trendy socially responsible model that brought it plenty of media coverage. In April, Aspiration CEO and co-founder Andrei Cherny told Reuters he was seeking a round ... (full story)