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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 Inc. (NYSE: ML) reported record financial results for Q4 and the full year 2022, achieving total revenues of $94.9 million for Q4, a 71% increase year-over-year, and $340.7 million for the full year, up 99%. The company added 1.1 million customers in Q4, bringing total customer count to 6.5 million, a 97% increase year-over-year. Despite a net loss of $136.2 million in Q4—largely due to a one-time goodwill impairment—MoneyLion expects positive Adjusted EBITDA in 2023. The Q1 2023 revenue forecast is projected between $85-88 million, indicating continued growth and a focus on profitability.
MoneyLion Inc. (NYSE:ML) announced its participation in key financial conferences in March 2023, reinforcing its commitment to the fintech sector.
Key events include:
- KBW Fintech & Payments Conference on
March 1st inNew York, NY . - Wolfe Research FinTech Forum on
March 15th inNew York, NY .
MoneyLion offers personalized financial content and products aimed at empowering users. Its services include digital banking, cash advances, and financial tracking, targeting everyday financial management for American consumers.
MoneyLion Inc. (NYSE: ML) will release its financial and operating results for the fourth quarter and full year of 2022 on March 14, 2023. An earnings conference call is scheduled for 8:30 a.m. ET on the same day, and will be accessible via a live webcast. Participants should dial in 5-10 minutes prior to the call using the provided toll-free numbers.
MoneyLion Inc. (NYSE: ML) has announced a partnership with Column Tax to provide eligible users with free tax filing services through its app. This integration aims to simplify the tax process for users of RoarMoney℠ Banking, allowing them to file taxes directly within the app, often in under 15 minutes. Additionally, users can expect to receive their tax returns up to two days earlier than competing services. This collaboration aligns with MoneyLion's mission to democratize financial services and education while offering enhanced financial guidance through educational content.
MoneyLion Inc. (NYSE: ML) has launched the MoneyLion Hot Pass, a rewards platform catering to NASCAR fans. This program provides exclusive access to giveaways, merchandise, and unique experiences, including meet-and-greets with drivers Bubba Wallace and Tyler Reddick. Starting February 2, fans can unlock rewards and participate in the first giveaway featuring a limited edition shirt and the chance to meet Reddick. The partnership with 23XI Racing aims to enhance fan engagement during the 2023 season, beginning with the Clash on February 5, where Reddick will debut in the MoneyLion branded Toyota Camry.
MoneyLion has announced its inaugural NIL Team, comprising eight diverse student-athletes, aimed at promoting financial literacy among young individuals. The athletes will engage in educational content creation, branded events, and share skills learned within the MoneyLion app. This initiative is part of MoneyLion's broader strategy to modernize financial education and follows the launch of MoneyLion University, designed to fill gaps in money education in the U.S. The program will also leverage partnerships to amplify financial literacy discussions.
MoneyLion Inc. (NYSE: ML) reported record financial results for Q3 2022, with GAAP revenue increasing by 101% year-over-year to $88.7 million and adjusted revenue rising 103% to $85.3 million. The company achieved 780K new customer additions, totaling 5.4 million customers, a 101% increase. Despite a net loss of $21.0 million, the loss narrowed from $24.6 million in Q3 2021. MoneyLion aims for full-year 2022 adjusted revenue of $320-$330 million and adjusted EBITDA of ($70)-($65 million.)
MoneyLion Inc. (NYSE:ML) announced its participation in four upcoming financial conferences in November 2022. These include Citi’s FinTech Conference on November 14 in New York, the Craig-Hallum Alpha Select Conference on November 17 also in New York, the NYSE Financials Virtual Investor Access Day on November 29, and the Credit Suisse Technology Conference on November 30 in Scottsdale, AZ. MoneyLion aims to enhance its engagement by connecting with investors and providing personalized financial solutions to improve the financial well-being of Americans.
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