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MoneyLion Inc. - ML STOCK NEWS

Welcome to our dedicated page for MoneyLion news (Ticker: ML), a resource for investors and traders seeking the latest updates and insights on MoneyLion stock.

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.

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MoneyLion Inc. reported record revenue of $423.4 million in FY 2023, marking a 24% increase from the previous year. The company achieved a 60% gross profit margin in FY 2023, up from 57% in FY 2022. However, MoneyLion incurred a net loss of $45.2 million for FY 2023. The company's Adjusted EBITDA reached a record $46.4 million for FY 2023, with a Q4 2023 Adjusted EBITDA of $16.5 million. MoneyLion anticipates accelerated revenue growth and aims for its first positive GAAP EPS quarter in 2024.
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TaskUs introduces AssistAI, a new AI-powered knowledge-based assistant to enhance customer service solutions. TaskUs leverages its expertise to provide tailored services to meet enterprise growth and transformation goals. With partnerships with tech giants like AWS and Zendesk, TaskUs aims to deliver GenAI-powered solutions that improve productivity and client satisfaction.
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MoneyLion Inc. (NYSE: ML) announced the release of its financial results for Q4 and full year 2023 on March 7, 2024, with an earnings conference call scheduled at 8:30 a.m. ET. The call will be available via webcast at investors.moneylion.com, with a replay and transcript to follow on the same website.
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MoneyLion Inc. (NYSE: ML) and Ernst & Young LLP (EY US) have formed an alliance to drive innovation and growth within the banking sector. The alliance aims to enhance traditional banking institutions' technological capabilities and simplify the transition into the digital realm. By leveraging MoneyLion's embedded finance platform and EY US teams' core-banking modernization offerings, the alliance will provide comprehensive FinTech solutions to scale acquisition strategies and foster organic growth within financial institutions' customer base.
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MoneyLion Inc. (NYSE: ML) to participate in 26th Annual Needham Growth Conference on January 19th
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MoneyLion Inc. (NYSE: ML) partnered with 23XI Racing, Bubba Wallace’s Live to Be Different Foundation, and Tyler Reddick to donate meal boxes to multiple organizations and hundreds of families in the Charlotte, N.C. metropolitan area for Thanksgiving. MoneyLion provided a $10,000 monetary donation to support the food giveaway, and Wallace and Reddick also contributed. The meal boxes included Thanksgiving staples and were distributed to organizations such as Cooperative Christian Ministry, the Boys & Girls Club, KIPP Academy School, and Renaissance West Community Initiative. Cynthia Kleinbaum, Chief Marketing Officer of MoneyLion, expressed pride in helping the community, while Steve Lauletta, 23XI Team President, emphasized the impact the partnership made in providing resources for families in need. The initiative further strengthens the partnership between MoneyLion, NASCAR, and 23XI fans, solidifying the company's holistic ecosystem designed to empower and support users toward their financial aspirations.
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MoneyLion Inc. (NYSE: ML) wins 'Best Financial Literacy Tool' at Benzinga’s 2023 Global Fintech Awards for the second consecutive year. The company's innovative and personalized content, along with the AI-driven marketplace, has been recognized for bridging the financial literacy gap and empowering consumers to make better financial decisions.
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MoneyLion Inc. reported a record revenue of $110 million, a 24% increase year-over-year, and a net income before other expense and income taxes of $1 million compared to a loss of ($24) million in Q3 2022. The company also recorded a quarterly net loss of $4 million and a record adjusted EBITDA of $13 million for Q3 2023.
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MoneyLion Inc. will release its financial results for Q3 2023 on November 7, 2023.
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MoneyLion has partnered with Bubba Wallace and his non-profit organization to launch a back-to-school initiative. They will donate backpacks and school supplies to the Boys & Girls Club of America in North Carolina. MoneyLion will also run a back-to-school brand campaign to support teachers, parents, and students. As part of the campaign, MoneyLion is contributing a $6k monetary donation to the Boys & Girls Club.
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FAQ

What is the current stock price of MoneyLion (ML)?

The current stock price of MoneyLion (ML) is $78.51 as of November 20, 2024.

What is the market cap of MoneyLion (ML)?

The market cap of MoneyLion (ML) is approximately 907.1M.

What does MoneyLion Inc. do?

MoneyLion Inc. is a financial technology company that provides a mobile banking and financial membership platform offering services like banking, lending, and investing.

Where does MoneyLion operate?

MoneyLion operates in all 50 states of the United States.

What products does MoneyLion offer?

MoneyLion offers installment loans, lines of credit, pre-paid debit cards, and point-of-sale consumer and merchant financing opportunities.

Who backs MoneyLion Inc.?

MoneyLion is backed by leading venture capital firms and angel investors.

What is the goal of MoneyLion?

MoneyLion aims to positively impact customers' financial health by rewarding financial responsibility, providing excellent customer service, and offering financial education.

What recent partnership has MoneyLion formed?

MoneyLion recently formed an alliance with Ernst & Young LLP (EY US) to enhance technological capabilities within the banking sector.

How does MoneyLion use technology in its services?

MoneyLion uses machine learning algorithms and big-data analytics to offer better financial products and personalized financial solutions.

What is Engine by MoneyLion?

Engine by MoneyLion is an enterprise technology platform that allows businesses to integrate financial products into their operations using advanced AI-backed tools.

When was MoneyLion founded?

MoneyLion was founded in 2013.

Where can I find more information about MoneyLion?

More information about MoneyLion can be found on their website at www.moneylion.com. For enterprise solutions, visit www.engine.tech.

MoneyLion Inc.

NYSE:ML

ML Rankings

ML Stock Data

907.08M
7.90M
23.43%
55.94%
4.69%
Software - Application
Finance Services
Link
United States of America
NEW YORK