Welcome to our dedicated page for FUSE news (Ticker: FUSE), a resource for investors and traders seeking the latest updates and insights on FUSE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FUSE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FUSE's position in the market.
MoneyLion Inc. is advancing its public listing through a merger with Fusion Acquisition Corp. (NYSE:FUSE). The transaction is expected to finalize in late Q3 or early Q4 2021. In September 2021, MoneyLion will participate in notable financial conferences, including the 10th Annual Gateway Conference on September 9 and the Barclays Global Financial Services Conference on September 15. MoneyLion has engaged over 8.5 million users since its 2013 launch, offering a comprehensive digital financial platform for mobile banking, lending, and investment solutions.
MoneyLion Inc. has announced the appointment of three independent directors—Matt Derella, Lisa Gersh, and Michael Paull—completing its Board ahead of the merger with Fusion Acquisition Corp. (NYSE: FUSE). Each new director brings extensive industry experience, which is expected to enhance MoneyLion's strategic goals in digital finance. The merger is on track for July 2021, pending shareholder approval. The new Board structure includes ten members, with nine being independent. This leadership change aims to empower consumers and innovate financial services.
MoneyLion, set to merge with Fusion Acquisition Corp. (NYSE: FUSE), announced the appointments of Annette Nazareth and Ambassador Dwight Bush Sr. to its Board of Directors. Both bring extensive experience from their careers in regulatory and financial services. Nazareth previously served as an SEC commissioner and has expertise in market regulation. Ambassador Bush has a rich background in corporate finance and served as a U.S. ambassador. These appointments aim to enhance MoneyLion’s governance and strategic direction as it prepares for its merger, pending regulatory and shareholder approvals.
MoneyLion Inc. announced impressive preliminary financial results for Q1 2021, showing a 98% increase in net revenue, reaching $33.2 million, compared to $16.8 million in Q1 2020. Adjusted revenue rose by 125% to $32.5 million, while contribution profit surged to $19.4 million from $5.0 million year-over-year. The customer base expanded by 80% to 1.8 million. Despite a net loss of $2.2 million, MoneyLion anticipates growth capital through its merger with Fusion Acquisition Corp (NYSE:FUSE) expected to finalize in early July.
MoneyLion Inc. will present at the Barclays Emerging Payments and Fintech Forum on May 19, 2021, at 1:20 p.m. Eastern time. The presentation will be webcast live, and one-on-one meetings will occur throughout the day. On February 11, 2021, MoneyLion entered into a definitive agreement with Fusion Acquisition Corp. (NYSE: FUSE) for a public listing on the NYSE. MoneyLion has over 7.5 million users and offers a digital banking platform for financial management. For more details and to access the live webcast, visit MoneyLion's official site.
MoneyLion has partnered with NFP to provide its members access to insurance products through the MoneyLion Marketplace. This integration allows members to shop for Nationwide’s insurance offerings directly via the MoneyLion app. The partnership aims to enhance user experience and simplify the insurance quoting process. MoneyLion's AI-driven tools will guide members to suitable insurance options, reflecting its commitment to financial wellness. Additionally, this collaboration builds on MoneyLion's recent momentum as it transitions to a publicly listed company via a merger with Fusion Acquisition Corp (NYSE: FUSE).
MoneyLion Inc. reported strong preliminary fourth quarter and full year 2020 results, indicating substantial growth. Total customers surged 60% to 1.4 million. Fourth-quarter payment volume leaped 89% to $172 million, while originations skyrocketed 310% to $155 million. Adjusted revenue jumped 119% to $25.5 million. For 2020, adjusted revenue reached $76.1 million, a 90% increase. Despite a net loss of $32.3 million, it decreased from $79.1 million in 2019. Looking forward, preliminary Q1 2021 results suggest adjusted revenue will be around $31.5 million, marking a 118% growth.
MoneyLion announced new capabilities for members to buy, sell, and earn digital currencies, complemented by a strategic investment in Zero Hash, a regulated digital asset provider. This investment aims to enhance MoneyLion's cryptocurrency offerings, responding to increasing demand, as 27% of Americans plan to invest in crypto. Nearly 60% of MoneyLion's members are already invested. The launch of these services is slated for fall 2021, coinciding with MoneyLion's ongoing partnership with Fusion Acquisition Corp. (NYSE: FUSE) for its public listing.
MoneyLion will present at the BofA Securities 2021 Electronic Payment Symposium on March 22, 2021, at 2:00 p.m. Eastern time. The presentation will be conducted virtually, with one-on-one meetings scheduled throughout the day. MoneyLion recently entered a definitive agreement with Fusion Acquisition Corp. (NYSE: FUSE) for a merger that will make MoneyLion a publicly listed company in the first half of 2021. The company's achievements include engaging 7.5 million users and receiving various awards in the fintech space, highlighting its innovative financial services platform.
On March 3, 2021, MoneyLion announced its acquisition of Wealth Technologies Inc. (WTI), enhancing its digital financial platform with cutting-edge financial planning technology. This acquisition introduces WTI's fGPS® Financial Goals Positioning System, enabling personalized financial advice. Co-founder Rohit D'Souza has been appointed Executive Chairman. The acquisition aims to democratize access to private banking-style services for all consumers. This news follows MoneyLion's agreement with Fusion Acquisition Corp. (FUSE) for a public listing in 2021.
