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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 reports record revenue of $107 million, up 22% YoY. Net loss before other expense and income taxes decreased from $27 million to $2 million. Quarterly net loss of $28 million and record adjusted EBITDA of $9 million. Gross profit and adjusted EBITDA margin expansion. Near-breakeven cash flows. Total Customers grew 114% YoY to 9.9 million. Q3 2023 guidance: revenue of $110-115 million, gross profit margin of 55-60%, adjusted EBITDA of $6-10 million.
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MoneyLion (NYSE: ML) to participate in Oppenheimer's 26th Annual Technology, Internet & Communications Conference on August 9th.
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MoneyLion Inc. reported GAAP revenue of $94 million in Q1 2023, up 34% YoY. They also reached positive Adjusted EBITDA of $7 million. Total customer adds were 1.3 million, and total customers increased 102% YoY to 7.8 million. MoneyLion expects GAAP revenue of $95 to $100 million and Adjusted EBITDA of $1 to $8 million in Q2 2023.
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MoneyLion Inc. (NYSE: ML) has announced its participation in two major financial conferences in May. The 18th Annual Needham Technology & Media Conference will take place on May 16th in New York, NY, and the J.P. Morgan 51st Annual Global Technology, Media and Communications Conference is scheduled for May 23rd in Boston, MA. MoneyLion is a leader in financial technology, offering personalized products and content to its users through its consumer finance mobile app and enterprise platform. The company aims to enhance financial literacy and accessibility, connecting millions with essential financial resources. For additional inquiries, interested parties can reach out to MoneyLion’s investor relations team.

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MoneyLion Inc. (NYSE: ML) announced a 1-for-30 reverse stock split of its Class A common stock, effective at 5:01 p.m. ET on April 24, 2023. Following the split, trading will commence on a reverse split-adjusted basis on April 25, 2023. The total number of authorized shares will be reduced from 2 billion to 66.67 million. Stockholders will receive cash for any fractional shares resulting from the split. Proportionate adjustments will also be made to outstanding equity awards and warrants. The move aims to enhance the company's share price and attractiveness for institutional investors, while the existing warrants will continue to trade under the symbol ML WS.

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MoneyLion Inc. (NYSE: ML) is set to release its financial and operational results for the first quarter of 2023 on Tuesday, May 9, 2023, at 10:00 a.m. ET. Investors can join a conference call to discuss these results, which will also be webcast live on the company’s investor relations website. MoneyLion, a leader in financial technology, aims to enhance financial literacy and accessibility through a comprehensive suite of personalized financial products. Investors can access supporting materials and later view a replay of the call.

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MoneyLion (NYSE: ML) is launching a gamified marketing campaign in New York City for Financial Literacy Month starting April 1st. The initiative encourages consumers to find play money with QR codes that unlock money hacks and cash rewards up to $1,000. The campaign will include weekly themes, focusing on topics such as wealth building and shopping hacks. MoneyLion aims to address financial illiteracy, noted to affect over 1/3 of Americans (36%). Alongside the scavenger hunt, the company will provide exclusive content from financial influencers.

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MoneyLion Inc. has rebranded its embedded finance platform Even Financial to Engine by MoneyLion, reflecting an expanded array of capabilities. This change comes after MoneyLion’s acquisition of Even in February 2022. The new brand aims to ensure seamless integration and improved user experience by leveraging advanced AI-backed data and personalized financial product recommendations. With a network of over 1,000 partners, Engine by MoneyLion has facilitated more than $7 billion in financial products. CEO Dee Choubey highlighted the importance of this evolution in enhancing financial accessibility and driving company performance.

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FAQ

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

The current stock price of MoneyLion (ML) is $80.24 as of November 21, 2024.

What is the market cap of MoneyLion (ML)?

The market cap of MoneyLion (ML) is approximately 892.8M.

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

892.76M
7.90M
23.43%
55.94%
4.69%
Software - Application
Finance Services
Link
United States of America
NEW YORK