MoneyLion is a leading mobile finance platform that empowers consumers to take control of their financial lives through better products for borrowing, saving, and investing.
MoneyLion uses machine learning algorithms and big-data analytics to automatically underwrite loans by utilizing personal endorsements from social media.
MoneyLion was founded in 2013 by Chee Mun Foong, Diwakar Choubey & Pratyush Tiwari. The company is headquartered in New York with offices in San Francisco and Kuala Lumpur, Malaysia & Salt Lake City, UT.
MoneyLion's product offerings include installment loans, line of credit, pre-paid debit cards and point-of-sale consumer and merchant financing opportunities.
MoneyLion Banking account provided by partner bank, Member FDIC. Cash Advance requires MoneyLion Bank Account and Direct Deposit.
MoneyLion's funding is backed by leading investors including Edison Partners, FinTech Collective, Greenspring Associates, DHVC (Digital Horizon Capital), Capital One, & Clocktower Technology Ventures among others. The company raised $160M in it's latest funding of a "Series C" round on Jul 22, 2019. This brings MoneyLion's total funding to $227.5M to-date.
MoneyLion was valued at nearly $1B during it's latest fundraising on Jul 22, 2019. The company has also made a $7M investments in Bipsync on Jan 29, 2019.