MoneyLion Inc. - ML STOCK NEWS

MoneyLion Inc. (NYSE: ML) reported a record Adjusted Revenue growth of 105% year-over-year for Q1 2022, totaling $66.5 million. The company added approximately 645,000 new customers, increasing total customers by 117% to 3.9 million. Key metrics reflect strong unit economics with a Customer Acquisition Cost of $16 and a payback period of less than 6 months. Management reaffirmed guidance, targeting 100% revenue growth for 2022 and breakeven Adjusted EBITDA by year-end. The acquisition of Even Financial is expected to diversify revenue significantly.

MoneyLion Inc. (NYSE:ML) has appointed Cynthia Kleinbaum as Chief Customer Officer to enhance customer acquisition and retention efforts. With over 20 years of marketing experience, Kleinbaum previously served at Walmart (NYSE:WMT), focusing on digital services. Her role aims to leverage MoneyLion's data and technology, driving personalized customer engagement. CEO Dee Choubey expressed optimism about her leadership in achieving the company's mission of providing financial access to hardworking Americans.

MoneyLion Inc. (NYSE: ML) announced it will release its financial and operating results for Q1 2022 on May 12, 2022, at 8:30 a.m. ET. The earnings call will be accessible via toll-free and international dial-in numbers. Investors can participate by calling 5-10 minutes early. A live audio webcast will be available here and on MoneyLion’s Investor Relations website.

Even Financial, a subsidiary of MoneyLion, has facilitated over $5 billion in consumer credit as of March 2022. This milestone highlights Even's role in transforming financial services customer acquisition through its API and embedded finance marketplace. The company has expanded its offerings to include loans, credit cards, mortgages, and insurance, partnering with over 400 financial services providers and 500 channel partners. The acquisition by MoneyLion aims to further enhance financial access for consumers.

MoneyLion Inc. announced the appointment of Mark Torossian as Chief Accounting Officer, effective April 1, 2022. With over 16 years of financial leadership experience, Torossian joined MoneyLion in January 2022 and previously served as Chief Accounting Officer at Salt Blockchain Inc. and held senior roles at OnDeck Capital Inc. and Bank of New York Mellon. He will oversee the company's accounting and reporting functions, reporting to CFO Rick Correia. Torossian is a certified public accountant and an adjunct professor at Pace University.

Even Financial has partnered with Tally to integrate Tally's low-interest credit offerings into its embedded finance marketplace. This partnership aims to assist consumers in managing credit card debt, which currently totals nearly $1 trillion in the U.S. Eligible members can access Tally's line of credit, up to $25,000, via the Even platform. This addition enhances Even's expansive network of over 400 financial service partners, allowing for seamless financial product integration and management.

MoneyLion Inc. (NYSE: ML) reported record financial results for Q4 and full year 2021, with net revenue increasing 146% to $55.6 million in Q4 and 115% to $171.1 million for the year. Total customers grew 129% year over year to 3.3 million, and originations reached $1.1 billion, a 165% increase. Despite these gains, the company recorded a net loss of $27.6 million in Q4 and $164.9 million for 2021. The acquisition of MALKA Media Group was completed in November, enhancing their digital platform capabilities.

MoneyLion Inc. (NYSE:ML), a leading digital financial platform, will participate in key financial conferences this March. The KBW Fintech & Payments Conference is scheduled for March 1 in New York City, followed by the Wolfe FinTech Forum on March 10, also in New York City. Lastly, the 34th Annual ROTH Conference will take place on March 14 in Dana Point, California, with a webcast available for the presentation. MoneyLion offers a comprehensive digital platform designed to empower users in managing their finances.

MoneyLion Inc. (NYSE: ML) will release its financial results for Q4 and full year 2021 on March 10, 2022, at 8:30 a.m. ET. An earnings conference call will follow, allowing investors to engage directly. Interested participants can dial in at 1-877-502-7184 or 1-201-689-8875 internationally. A live audio webcast will also be available on MoneyLion's Investor Relations website. The company emphasizes its mission to empower users in managing their finances through a comprehensive digital platform.