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.
MoneyLion (NYSE: ML) has partnered with Zogo to enhance financial education for over 3 million users. This collaboration marks Zogo's largest fintech platform integration, providing bite-sized educational modules within MoneyLion's app. The initiative aims to empower users with knowledge in areas like investing, saving, and budgeting. Both companies emphasize the importance of making financial literacy engaging and accessible. According to Zogo's CEO, this partnership represents a significant step towards their mission of improving financial education for consumers.
MoneyLion Inc. (NYSE: ML) reported a record adjusted revenue of $84.1 million for Q2 2022, reflecting a 131% year-over-year growth. The company added nearly 950,000 new customers, bringing the total to 4.9 million, a 124% increase from the previous year. Customer acquisition costs decreased to $9, while average revenue per user rose to $76. MoneyLion has also updated its full-year revenue guidance to approximately $330 to $340 million, aiming for a breakeven adjusted EBITDA by year-end. Despite a net loss of $23.1 million, the company demonstrated strong growth metrics.
Nuula, a fintech company, has launched a new Term Life Insurance feature for small business owners and entrepreneurs. This offering enables users to compare and purchase policies from a network of top carriers, with coverage options up to $5 million and terms ranging from 10 to 40 years. The service is powered by Even Financial and serviced by LeapLife, which ensures competitive policies rated A- and above by AM Best. This development follows the introduction of a personal loan search feature, enhancing Nuula's suite of financial services for the small business community.
MoneyLion Inc. (NYSE:ML) announced its participation in several financial conferences in August, including the Needham FinTech & Digital Transformation 1x1 Conference on August 18, the Rosenblatt Technology Summit on August 24, and the Deutsche Bank Technology Conference on August 31 in Las Vegas. The company aims to engage investors and stakeholders through these virtual and in-person events. MoneyLion, a digital financial services platform, is dedicated to enhancing financial literacy and providing low-cost financial products to empower Americans.
MoneyLion Inc. (NYSE: ML) announced it will release its financial results for Q2 2022 on August 11, 2022 at 8:30 a.m. ET. A live earnings conference call will follow, accessible through their investor website. MoneyLion aims to transform the financial landscape for Americans using technology and data to provide personalized financial services.
MoneyLion Inc. (NYSE:ML) has launched the "Get Pumped Tuesday" sweepstakes to assist American consumers facing high gas prices. Each week, two winners will receive $500 for gas, with the potential to win an additional $10,000 if their associated NASCAR driver wins a race. This initiative runs every Tuesday until November 6, 2022, in partnership with 23XI Racing, co-owned by Michael Jordan and Denny Hamlin. The program aims to engage and support the community while enhancing MoneyLion's brand presence in the racing world.
Nuula has launched a new loan search feature enabling small business owners and entrepreneurs to access personal loan offers from over 30 lenders, ranging from $5K to $250K. This enhancement, powered by Even Financial, complements Nuula's existing Term Loan product designed for more mature businesses. The feature allows users to receive personalized offers in under 60 seconds without affecting their credit score. By partnering with Even, Nuula aims to cater to diverse financing needs, especially for early-stage businesses, while promoting inclusivity in financial services.
MoneyLion Inc. (NYSE:ML) is set to join the Russell 3000® Index, effective June 27, 2022, following the annual reconstitution. This inclusion is expected to enhance the company’s visibility and distribution, promoting engagement with institutional investors. The Russell 3000® Index encompasses the largest U.S. stocks ranked by market capitalization, with approximately $12 trillion in assets benchmarked against it. This milestone supports MoneyLion’s mission to transform consumer finance for hardworking Americans.
MoneyLion Inc. (NYSE: ML) has partnered with AEON Group to launch a digital banking platform in Malaysia after being awarded a digital banking license. This consortium aims to enhance financial inclusion by leveraging MoneyLion's technology and analytics capabilities. The company, which employs around 300 engineers in Malaysia, plans to use its expertise in software-as-a-service (SaaS) to create a user-friendly banking experience. CEO Dee Choubey highlights this expansion as a strategic move to diversify revenue and demonstrate their technological advancements.
MoneyLion Inc. (NYSE:ML) has announced its participation in several upcoming investor conferences. The events include the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25 in Boston, MA; the Craig-Hallum 19th Annual Institutional Investor Conference on June 1 virtually; the Loop Capital Markets Investor Conference on June 2 in New York, NY; and the Piper Sandler Global Exchange & FinTech Conference on June 8 in New York, NY. MoneyLion aims to empower individuals through its digital financial services.
FAQ
What is the current stock price of MoneyLion (ML)?
What is the market cap of MoneyLion (ML)?
What does MoneyLion Inc. do?
Where does MoneyLion operate?
What products does MoneyLion offer?
Who backs MoneyLion Inc.?
What is the goal of MoneyLion?
What recent partnership has MoneyLion formed?
How does MoneyLion use technology in its services?
What is Engine by MoneyLion?
When was MoneyLion founded?
Where can I find more information about MoneyLion?
