Neobank Aspiration has raised $47 million in funding for its social banking mission, the company announced yesterday.

The bank will use the new capital to continue building out a financial platform focused on social banking — a type of banking that gives consumers more transparency over where their money is going and what financial institutions are doing with it.

The funding will go towards developing new credit and ending products to go along with the bank’s existing features, Aspiration CEO Andrei Cherny told TechCrunch.

The bank’s Summit personal banking account is a checking account that provides users with 1% interest as well as a “sustainability score,” which allows customers to track where they are spending their money and how socially responsible that spend is.

The funding brings the bank’s total equity to $67 million, according to data from CrunchBase.

Read more at TechCrunch and American Banker (Paywalled).