MoneyLion and INFLCR Team up to Teach Collegiate Student-Athletes How to Money Smarter

Rhea-AI Summary

MoneyLion (NYSE: ML) has announced a partnership with INFLCR to create a money curriculum targeting student-athletes. This initiative aims to educate them on financial management skills, including credit improvement and investing, in light of the NCAA's Name, Image, and Likeness (NIL) regulations. The collaboration will involve the launch of an ambassador program, allowing student-athletes to represent MoneyLion at their schools. As part of the program, select athletes will appear on Showtime’s podcast 'All the Smoke' to discuss financial literacy and money management.

Positive

• Strategic partnership with INFLCR enhances brand visibility among student-athletes.
• Launch of an innovative financial literacy program tailored for student-athletes.
• Ambassador program expected to increase engagement and outreach for MoneyLion.
• Opportunity for select ambassadors to enhance their profile through a popular podcast.

Negative

• None.

Partnership Aims To Launch A Creator-Led Money Curriculum To Fill Educational Gaps For Student-Athletes

NEW YORK--(BUSINESS WIRE)-- MoneyLion Inc. (“MoneyLion”) (NYSE: ML), the go-to destination for financial content, products and advice, and INFLCR, the leading brand and NIL-business-building software platform helping student-athletes stay compliant with new NCAA Name, Image, and Likeness (“NIL”) regulations, today announced a partnership to make MoneyLion the official money app of INFLCR and its student-athletes.

MoneyLion and INFLCR Partnership Aims To Launch A Creator-Led Money Curriculum To Fill Educational Gaps For Student-Athletes (Graphic: Business Wire)

Through this partnership, the companies will work together to teach the next generation of student-athletes how to money through engaging and easily digestible educational videos, which will cover topics such as improving credit scores, money-saving hacks and investing. Since the adoption of the new NCAA NIL regulations, collegiate athletes nationwide have benefited from partnerships with a wide range of brands, resulting in new sources of income. In this new sector of sports, MoneyLion and INFLCR are uniquely positioned to promote financial preparedness to all student-athletes through the amplification of their unique experiences.

“We’ve teamed up with INFLCR to teach the next generation of earners and spenders how to take ownership of their money. The reality is most people aren’t taught foundational money skills like the importance of a good credit score and soft skills like being confident with money decisions,” said Jeff Frommer, Chief Content Officer of MoneyLion. “Now that student-athletes are able to benefit from their NIL and many are receiving an income for the first time, they need help with these skills and we are here to make sure they get off to the right start.”

“We’re very excited to provide student-athletes with premium digital banking options and money content through this innovative partnership with MoneyLion,” said Jim Cavale, Founder of INFLCR. “Preparing student-athletes to maximize their NIL opportunities with the proper financial literacy and the toolkits that create accessible and sustainable paths toward their goals is what we’re all about. MoneyLion joining the INFLCR Global Exchange is a game changer for any and all student-athletes managing their NIL business and building their brand through the INFLCR app.”

MoneyLion and INFLCR have also teamed up to build an ambassador program for student-athletes to represent MoneyLion at their school and continue to drive the money conversation. The program is expected to launch in October and will call for a roster of student-athletes across the country to become the inaugural class of “MoneyLion Athletes” and be ambassadors at their respective schools, providing them with special access to VIP events, webinars led by professional athletes and more.

To kick off the MoneyLion Athletes Ambassador Program, select ambassadors will be given the opportunity to join Showtime’s top sports podcast, “All the Smoke”, hosted by Matt Barnes and Stephen Jackson, as guests on a custom segment of the show, giving the student-athletes one of the biggest platforms in the sports podcasting world. The program will run for 4 months and will give ambassadors the chance to quickly learn the foundational money skills they need to build their money confidence, including utilizing MoneyLion tools to build credit, invest automatically, bank digitally and earn cashback rewards so that the MoneyLion Athlete Ambassadors can score more with MoneyLion.

For more information on how to become a MoneyLion Athletes Ambassador, sign up here to apply.

As part of this collaboration, MoneyLion’s media subsidiary, MALKA Media, a creator-first network developing content across entertainment, sports, gaming, live streaming, and brand storytelling sectors, will be overseeing the partnership and programming, managing the student-athlete partnerships, and developing a creator-led money curriculum built in the way that the next generation prefers to consume content, through an easily digestible, short form video-first approach.

“This partnership and program is about empowering student-athletes to actively participate in and take ownership of their finances,” said Pat Capra, President and CEO of MALKA Sports. “This program is a tool to help younger athletes take a seat at the table and provide them with an education that will teach them to make smart business decisions right now that will have a ripple effect for the rest of their lives.”

To learn more about MoneyLion, visit www.moneylion.com. For investor information and updates, visit www.moneylion.com/investors and follow @MoneyLionIR on Twitter.

To learn more about INFLCR, visit https://www.inflcr.com/ and follow @INFLCR on Twitter and Instagram.

To learn more about MALKA Media, visit https://malkamedia.com/ and follow @MalkaMedia on Twitter.

About MoneyLion

MoneyLion is the go-to destination for personalized financial content, products and advice. MoneyLion’s mission is to rewire the financial system to positively change the path of every hard-working American. MoneyLion uses its proprietary data advantage and technology to empower its customers. MoneyLion engages and educates its customers with daily, hyper-personalized money-related and money-adjacent content that is delivered through each customer’s own content feed. MoneyLion provides its customers a full suite of financial and non-financial solutions, bundling its proprietary, low-cost financial products with products that are offered through its marketplace technology and network affiliate partners. MoneyLion also leverages its distinct data, technology, and network advantages to deliver leading embedded finance and marketplace solutions for enterprise customers. Since its founding in 2013, MoneyLion has empowered millions of Americans to take control of their finances and live their best financial life, every day.

For more information about the company, visit www.moneylion.com. For investor information and updates, visit investors.moneylion.com and follow @MoneyLionIR on Twitter.

About INFLCR

INFLCR, a Teamworks product, is the leading athlete brand-building and NIL business management app for elite athletic organizations. The INFLCR athlete app educates student-athletes, coaches and staff for the NIL era in a safe and compliant environment, all powered by best-in-class content delivery for student-athletes to access and share content to their social media channels. INFLCR works with more than 4,000 collegiate and professional sports teams with a network of over 64,000 active users.

Impactful features like the INFLCR Local & Global Exchange provide local and national companies with the ability to find, communicate with, pay, and report NIL transactions with student-athletes, maximizing their NIL earning potential with streamlined reporting for their institution and their personal tax returns.

Visit www.inflcr.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005329/en/

MoneyLion Communications

pr@moneylion.com

Source: MoneyLion Inc.

FAQ

What is the partnership between MoneyLion and INFLCR about?

MoneyLion and INFLCR have partnered to launch a financial literacy curriculum for student-athletes, focusing on money management skills.

When will the MoneyLion Athletes Ambassador Program launch?

The MoneyLion Athletes Ambassador Program is expected to launch in October.

How will the partnership benefit student-athletes?

The partnership aims to prepare student-athletes to manage their finances effectively in light of new NIL regulations.

What type of content will the financial curriculum include?

The curriculum will cover topics such as improving credit scores, money-saving strategies, and investing.

What is the ticker symbol for MoneyLion?

MoneyLion trades on the NYSE under the ticker symbol ML.