MoneyLion IPO
MoneyLion is a fintech company that provides mobile banking, lending, and investment services through its digital platform. The company offers personal loans, credit monitoring, and robo-advisory services to help consumers manage their finances. MoneyLion went public to capitalize on the growing digital banking and personal finance market.
Key Facts
| Industry | Financial Technology |
| Founded | 2013 |
| Headquarters | New York, NY |
| Employees | ~800 |
| Website | moneylion.com |
| Funding | Public via SPAC merger in 2021 |
About MoneyLion
MoneyLion provides a comprehensive financial platform targeting consumers who are underserved by traditional banks, offering services including mobile banking, personal loans, credit monitoring, and investment accounts. The company's approach combines traditional lending with newer fintech features like earned wage access and robo-investing, aiming to serve as a one-stop financial solution for its members. MoneyLion went public through a SPAC merger in 2021 and has focused heavily on user acquisition and cross-selling multiple products to improve unit economics. The platform has built a significant user base among younger consumers and those with limited access to traditional banking services, though it operates in the highly competitive and regulated consumer lending space.
IPO Status
MoneyLion went public in September 2021 through a merger with Fusion Acquisition Corp, a special purpose acquisition company (SPAC). The transaction valued the company at approximately $2.9 billion. The stock began trading on the New York Stock Exchange under the ticker symbol 'ML'. Since going public, MoneyLion has faced the typical challenges of a newly public fintech company, including market volatility and the need to demonstrate sustainable growth and profitability. The company continues to expand its digital financial services platform and user base while operating in the competitive fintech landscape.
Competitors
Frequently Asked Questions
Does MoneyLion have a stock?
Yes, MoneyLion completed its IPO in September 2021 through a SPAC merger with Fusion Acquisition Corp. The company now trades publicly on the NYSE under the ticker 'ML'.
When is the MoneyLion IPO date?
MoneyLion's IPO already occurred in September 2021. The company went public through a SPAC transaction and has been trading on public markets since then.
How can I buy MoneyLion stock?
You can buy MoneyLion stock through any brokerage account as it trades publicly on the New York Stock Exchange under the ticker symbol 'ML'. The stock is available through most online brokers and trading platforms.
Don't Miss the Next Big IPO
Get notified when the next major company files for an IPO. Daily alerts delivered to your inbox.
Get IPO Alerts