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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.
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.
MoneyLion Inc. (NYSE: ML) has successfully acquired Even Financial Inc., enhancing its digital finance platform by increasing distribution and diversifying revenue streams. The acquisition integrates Even’s network of over 400 financial institutions, allowing consumers better access to loans, credit cards, and other financial products. Expected to be accretive to MoneyLion’s earnings in 2022, Even is anticipated to contribute positive EBITDA. The first phase of product integration is already complete, enhancing the offerings within MoneyLion’s Marketplace.
MoneyLion Inc. (NYSE:ML) announced that Co-Founder and CEO Dee Choubey, along with CFO Rick Correia, will participate in a fireside chat at the 23rd Annual Credit Suisse Financial Services Forum in Key Biscayne, Florida, on Thursday, February 17, 2022, at 1:50 p.m. ET. The event will include one-on-one meetings throughout the day. A live webcast and replay of the chat will be available on MoneyLion’s Investor Relations website for 90 days after the presentation. MoneyLion is a digital financial platform that has engaged over 9.4 million users since its launch in 2013.
MoneyLion Inc. (NYSE:ML), a leading digital financial platform, announced participation in the 24th Annual Needham Growth Conference on January 12 at 11:30 a.m. ET. Co-Founder and CEO Dee Choubey and CFO Rick Correia will engage in a fireside chat and host one-on-one meetings. A live webcast and replay will be accessible via MoneyLion's investor relations website for 90 days. The company, established in 2013, has served over 9.4 million customers, offering comprehensive mobile banking, lending, and investment solutions.
MoneyLion (NYSE: ML) announced its acquisition of Even Financial for up to
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