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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 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.
MoneyLion Inc. (NYSE: ML) is set to release its financial results for Q3 2022 on November 10, 2022, at 8:30 a.m. ET. A conference call will follow, with a live webcast available on investors.moneylion.com. Additionally, MoneyLion will host an investor day on December 8, 2022, with a link for registration provided. Since its inception in 2013, MoneyLion has focused on empowering Americans with personalized financial content and products.
MoneyLion Inc. (NYSE: ML) will hold an Investor Day on December 8, 2022, at 12:00 p.m. in New York, NY. The event will feature CEO Dee Choubey and CFO Rick Correia discussing the company’s mission, strategy, market potential, and financials, followed by a live Q&A session. Registration for the webcast is available on their Investor Relations website. MoneyLion aims to empower Americans with personalized financial solutions and content, leveraging its proprietary data and technology.
MoneyLion has launched MoneyLion University (MLU) to address the financial literacy gap in the U.S. This initiative features a curriculum from NFL player Brandon Copeland, focused on essential financial skills such as budgeting, credit building, and investing. MLU will offer engaging video content and live-streamed webinars starting January 2023. The broader aim is to enhance customer education through innovative, accessible content. Coupled with the MoneyLion Creator Experience, this effort seeks to provide personalized financial advice and support to users nationwide.
MoneyLion Inc. (NYSE: ML) has responded to a complaint from the Consumer Financial Protection Bureau (CFPB), which targets its membership offering. The company asserts its commitment to cooperation with the CFPB over the past three years while defending against what it calls false allegations. MoneyLion emphasizes the value of its membership program aimed at helping service members and other customers improve their financial well-being. The company remains dedicated to innovation and support for military and veteran customers, claiming the CFPB's assertions are unfounded.
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.
MoneyLion Inc. (NYSE: ML) announced that its Co-Founder and CEO, Dee Choubey, alongside CFO Rick Correia, will present at the Barclays Global Financial Services Conference on September 12, 2022, at 8:15 a.m. ET. The management will also engage in one-on-one meetings throughout the day. A live webcast and replay of the presentation will be accessible on the investor relations website for 90 days post-event. For further inquiries, contact MoneyLion’s investor relations team.
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