Tagged: moneylion

MoneyLion Subsidiary Malka Adds to Leadership Team

MoneyLion company Malka, an adaptive content studio, has appointed ad industry veterans Chris Apostle and Bill Davaris as co-CEOs and Paige McCrensky as its first chief brand officer. As a subsidiary of MoneyLion, Malka has access to sophisticated data and technology infrastructure which, when combined… Read More

MoneyLion Reports Revenue Increase of 24% Over Last Year, Q4 Net Loss of $4.2 Million, Shares Rise

MoneyLion (NYSE:ML) reported earnings this past week, which were received positively by investors. Following the earnings release, MoneyLion shares rocketed by almost 30%, and shares are expected to move higher following jobs data released this morning. MoneyLion is a Fintech that serves both retail and… Read More

MoneyLion, EY Partner on Fintech Adoption Service for Banks and More

MoneyLion Inc. (NYSE: ML) and global consulting firm EY have partnered to help banks keep up with the Fintech revolution. According to a release, MoneyLion’s infrastructure – including embedded finance offerings – will now be a part of EY’s “existing core-banking modernization offerings and Nexus… Read More

MoneyLion Q1 Results Deliver Top Line Growth, Flat GAAP Earnings

MoneyLion (NYSE: ML), a neobank that offers a diverse portfolio of financial services to consumers, reported Q1 earnings this week deliving a solid increase on the top line but flat GAAP net income results. First quarter 2023 revenues increased 34% to $93.7 million in comparison… Read More

MoneyLion Enhances its Embedded Finance Tech with Rebranding of ‘Even Financial’

MoneyLion (NYSE: ML), a Fintech offering personalized services, has announced the rebrand of “Even Financial,” the embedded finance platform for enterprise businesses, to “Engine by MoneyLion.” The Engine by MoneyLion brand is “designed to reflect the expanded breadth and capabilities of the combined company, while continuing… Read More

MoneyLion, Column Tax to Offer Clients Free Tax Services

MoneyLion Inc. (NYSE: ML), the go-to destination for personalized financial content, financial products and advice, announced it is offering eligible MoneyLion users free tax filing services “through its new partnership with Column Tax, a personal income tax software company.” Through this partnership, MoneyLion offers “a… Read More

MoneyLion Teams Up with NFL Player to Address Financial Literacy Gap

MoneyLion Inc. (NYSE: ML), the “go-to” destination for financial content, products and advice, announced it launched MoneyLion University (MLU) as part of a financial literacy initiative aimed at “filling a gap in money education across the United States.” MoneyLion has partnered with NFL player and… Read More

CFPB Sues MoneyLion for Overcharging Servicemembers, “Trapping” Consumers in Costly Memberships

The Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, “for imposing illegal and excessive charges on servicemembers and their dependents.” The CFPB alleges that MoneyLion “violated the Military Lending Act by charging more than the legally allowable… Read More

MoneyLion and Zogo Partner

MoneyLion (NYSE: ML) has partnered with Zogo to provide “enhanced financial education to over three million MoneyLion users.” MoneyLion is a neobank that leverages technology to offer “banking that gives you more.” Zogo is a financial literacy platform. The company notes this is the largest… Read More

Nuula, Even Financial to Support Personal Loan Search Feature to Help Small Businesses

Nuula, a Fintech focused on providing small businesses the tools and the capital they need to succeed, announced a new personal loan search feature that “allows small business owners and entrepreneurs that are smaller or earlier stage to search 30+ top lenders for personal loan… Read More

MoneyLion to Acquire Even Financial Inc, an Embedded Finance Marketplace

MoneyLion Inc. (NYSE: ML), the digital financial platform, has announced that it has agreed to acquire Even Financial Inc., the embedded finance marketplace, in order to “accelerate its mission of providing financial access and advice to hardworking Americans.” The transaction provides for total consideration to… Read More

MALKA Acquisition to Drive MoneyLion Customer Engagement Strategy

MoneyLion, a data-driven, digital financial platform, recently acquired MALKA Media Group, a creator network and content platform. The acquisition helps MoneyLion engage with consumers across all digital and emerging channels, both inside and outside its platform. “This transaction is the evolution of a successful four-year… Read More

Shares in MoneyLion to Trade on NYSE on September 23rd as SPAC Deal Approved

MoneyLion Inc., a neo-bank Fintech that reports over 2.8 users and an annualized net revenue run-rate of over $150 million, will commence trading on the New York Stock Exchange tomorrow (September 23, 2021) as the SPAC deal is approved. Following a special meeting yesterday of… Read More

MoneyLion SPAC Deal Moves Forward, Will Trade on NYSE Under Ticker ML

MoneyLion, a neobank that announced a SPAC deal earlier this year, is moving closer to becoming a publicly-traded company. According to a release, the S-4 registration statement has become effective. A special meeting of Fusion Acquisition Corp. (NYSE: FUSE), the SPAC sponsor, on the 21st… Read More

MoneyLion Joins Forces With NFP to Provide Nationwide Insurance & Financial Wellness Offerings to Members

  MoneyLion, a U.S.-based consumer digital finance platform, announced on Thursday it has teamed up with insurance broker NFP to provide its members with direct access to insurance and financial wellness offerings. MoneyLion reported that the offerings are to help its members support their financial… Read More

Brendan Carroll from Chicago’s Victory Park Capital Says Banks and Fintechs Can Operate Effectively in New Business Environment

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

Fintech MoneyLion to Float by SPAC via Fusion Acquisition

MoneyLion, a digital banking Fintech, is the next company to go public via a special acquisition company (SPAC). The deal was announced last Friday where MoneyLion will merge with Fusion Acquisition (NYSE:FUSE) at a transaction value of $2.4  billion and $2.9 billion in equity value… Read More

Digital Finance Platform MoneyLion Introduces Thematic Investing Solutions

MoneyLion, a U.S.-based consumer digital finance platform, announced on Tuesday the launch of its new thematic investment solutions. MoneyLion reported that through thematic investing, its members may now invest in portfolios that reflect their personal preferences and interests, which includes clean energy, artificial intelligence, and… Read More

Galileo Now Powering MoneyLion’s New Demand Deposit Account RoarMoney

U.S. fintech Galileo announced on Monday it is powering RoarMoney, a new demand deposit account offered by consumer digital finance platform MoneyLion. According to Galileo, RoarMoney is designed to meet consumers’ financial needs now and as they evolve – from faster access to their funds… Read More

Digital Bank MoneyLion Raises $160 Million

MoneyLion has raised $160 million in funding. MoneyLion previously revealed $60 million of this amount but has since added $100 million as part of Series C funding round. MoneyLion is an entrant in the hot challenger bank marketplace. It provides its banking services via a… Read More

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