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MoneyLion Inc. (symbol: ML) is a leading financial technology company that empowers consumers to take control of their financial lives through its comprehensive mobile banking and financial membership platform. Established in 2013, MoneyLion offers a personalized, all-in-one digital financial platform that provides convenient, low-cost access to banking, borrowing, and investing solutions. The company leverages innovative machine learning algorithms and big-data analytics to offer better financial products, such as installment loans, lines of credit, pre-paid debit cards, and point-of-sale consumer and merchant financing opportunities.
MoneyLion operates across all 50 states in the United States and is backed by top venture capital firms and angel investors. The company's mission is to positively impact its customers' financial health by rewarding financial responsibility, offering top-notch customer assistance, and providing insightful financial education tips. Recently, MoneyLion has formed a notable alliance with Ernst & Young LLP (EY US) to enhance technological capabilities within the banking sector. This partnership aims to simplify the transition into digital banking and assist traditional banks in offering a wide range of financial services through an efficient, user-friendly digital platform.
With a suite of innovative products and services, MoneyLion's platform includes mobile banking, lending, and investment solutions, all rooted in data and delivered through proprietary technology. The company's platform provides a tailored financial experience, leveraging advanced AI to deliver curated content and financial tools that help users manage, save, and invest their money effectively. MoneyLion's enterprise technology also includes a premier embedded finance platform for businesses, enabling companies to integrate financial products into their operations seamlessly.
For more information about MoneyLion, visit www.moneylion.com. For details about Engine by MoneyLion for enterprise businesses, visit www.engine.tech.
MoneyLion (NYSE: ML), a digital ecosystem for consumer finance, announced its participation in the Oppenheimer 27th Annual Technology, Internet & Communications Conference.
The event will be held virtually on August 14, 2024. Interested parties can receive additional details or schedule one-on-one meetings by contacting their conference representative or MoneyLion’s investor relations team at ir@moneylion.com.
MoneyLion Inc. (NYSE: ML) reported strong financial results for Q2 2024, with record revenue of $131 million, up 23% year-over-year. The company achieved GAAP Net Income of $3.1 million and Diluted EPS of $0.26. Adjusted EBITDA reached $18.5 million, representing a 14.2% margin.
Key metrics showed significant growth: Total Customers increased 73% to 17.0 million, Total Products grew 60% to 27.7 million, and Total Originations rose 40% to $770 million. For Q3 2024, MoneyLion expects revenue of $133-$138 million and Adjusted EBITDA of $18-$21 million. The full-year 2024 guidance projects revenue of $525-$535 million and Adjusted EBITDA of $80-$87 million.
MoneyLion Inc. (NYSE: ML), a digital ecosystem for consumer finance, has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024. The company will host an earnings conference call at 8:30 a.m. ET on the same day. Investors can access a live webcast of the call and supporting materials at investors.moneylion.com. Following the call, a replay and transcript will be available on the website.
For those wishing to join the call, the toll-free dial-in number is 1-877-502-7184, and the international dial-in number is 1-201-689-8875. Participants are advised to call 5-10 minutes before the start time and request to join the MoneyLion second quarter 2024 earnings call.
MoneyLion Inc. (NYSE: ML) has appointed Brad Hanson, former President and CEO of Pathward Financial, Inc., to its Board of Directors and as Chair of the Audit Committee, effective July 15. Hanson replaces Jeff Gary, who is stepping down from the Board. This strategic appointment brings decades of financial services experience to MoneyLion, a digital ecosystem for consumer finance.
Hanson's expertise in fintech and commitment to financial inclusion align with MoneyLion's mission to improve financial literacy and access. The company is building the first digital ecosystem for consumer finance, blending first- and third-party products, personalized financial tools, and advanced data-driven insights. MoneyLion's Board, led by Chair John Chrystal, includes CEO Dee Choubey and other industry leaders, positioning the company for continued growth in its two-sided consumer finance marketplace.
MoneyLion (NYSE: ML) has been recognized by CNBC for the second consecutive year as one of the 'World's Top FinTech Companies' for 2024. This recognition, facilitated by CNBC and Statista Inc., highlights MoneyLion's role in the Wealth Technology category. MoneyLion is noted for its comprehensive suite of financial tools, including managed investment accounts, auto-investing, and round-ups, aimed at enhancing the financial health of American consumers. CEO Dee Choubey attributes this honor to the trust consumers place in MoneyLion for their financial decisions. The acknowledgment comes after MoneyLion's fifth consecutive record quarter, underscoring its successful, diversified business model and commitment to transformative financial technology. For more information, visit their official websites and follow their investor updates on social media.
MoneyLion (NYSE: ML) has appointed Jon Kaplan as its first Chief Revenue Officer (CRO). Kaplan, a tech veteran with experience at Pinterest and Google, will lead MoneyLion’s go-to-market strategy and expand its digital financial ecosystem. He aims to leverage data assets to create new revenue streams and enhance the company's market share. Kaplan previously served as CRO at Madhive and Pinterest, significantly increasing revenue at both companies. CEO Dee Choubey expressed confidence in Kaplan's ability to drive growth and innovation at MoneyLion.
Malka, an adaptive content studio and subsidiary of fintech leader MoneyLion (NYSE: ML), has appointed Chris Apostle and Bill Davaris as co-CEOs and Paige McCrensky as its first Chief Brand Officer. The leadership change aims to enhance Malka's capability to produce dynamic content for modern brands. Since its acquisition by MoneyLion in 2021, Malka has significantly boosted MoneyLion's social media presence. Apostle and Davaris bring extensive experience from leading agencies and aim to convert insights into compelling narratives. McCrensky, with a strong background in marketing from Getty Images and Ogilvy, will focus on branding and strategic partnerships. Malka collaborates with major brands like Amazon and L'Oreal, emphasizing its expertise in content creation.
MoneyLion Inc. announced its first quarter 2024 results with record revenue of $121 million, up 29% year-over-year, record GAAP net income of $7 million, and diluted EPS of $0.60. The company's Adjusted EBITDA reached $23 million, representing a 19.4% margin. MoneyLion is experiencing significant growth, with total customers up 98% to 15.5 million, total products up 73% to 25.3 million, and total originations up 42% to $717 million. The company exceeded its Q1 guidance and provided strong financial guidance for the second quarter of 2024, expecting revenue between $125 to $130 million and Adjusted EBITDA of $17 to $20 million.
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