Moneylion operates as a digital-first financial platform blending consumer lending, mobile banking, personal finance tools, and investment features into a single experience. Designed for underserved and mainstream consumers alike, it uses automated underwriting, behavioral data, and machine learning to deliver accessible credit and personalized financial recommendations. Users can access installment loans, cash advances, credit lines, debit accounts, savings tools, and investment options directly through the Moneylion app. The platform aims to build long-term financial health through transparency, automation, and integrated financial wellness services across its growing user base.
What Is Moneylion and What Does It Do?
Moneylion, founded in 2013 by Adam Green, Diwakar Choubey, Pratyush Tiwari, and Chee Mun Foong, is a Sandy-based (United States) financial technology company offering mobile banking, instant consumer loans, credit tools, and automated financial management. Moneylion employs 296 people and combines lending, payments, and investing into a unified digital experience. Its platform supports consumer credit, budgeting, savings, and wealth-building tools through data-driven personalization. Moneylion’s embedded financial services model continues to strengthen its position as a modern financial wellness ecosystem.
How Much Funding Has Moneylion Raised?
1. Series C
- Amount Raised: $160M
- Date: Jul 23, 2019
- Lead Investors: Edison Partners, Greenspring Associates, MetaBank, FinTech Collective, Capital One Ventures
- Motivation: Broaden credit products, expand neobank services, enhance AI underwriting, and accelerate growth.
2. Series B
- Amount Raised: $28.8M
- Date: Aug 17, 2018
- Lead Investors: Grupo SURA
- Motivation: Support expansion of lending operations and deepen financial product automation.
Total Funding Raised: $268M
Current Valuation: $1B (as of July 2019)
Latest Funding Date: July 2019
Key Investors
1. Edison Partners
- Details: Growth equity firm backing fintech and enterprise technology.
- Investment Focus Areas: Fintech, B2B SaaS, healthcare IT.
- Notable Investments: Clearpool, Bento for Business, ComplySci, NS1, Zelis.
2. Greenspring Associates (StepStone Group)
- Details: Global venture capital investor supporting high-growth technology companies.
- Investment Focus Areas: Fintech, marketplaces, enterprise software.
- Notable Investments: Duolingo, Rover, Bill.com, Toast, 23andMe.
3. MetaBank (Pathward)
- Details: Bank specializing in embedded finance and fintech enablement.
- Investment Focus Areas: Banking-as-a-service, payments, consumer finance.
- Notable Investments: B9, Remitly, Payfare, Netspend, Bluevine.
Where Is Moneylion’s Headquarters?
Moneylion is headquartered in Sandy, Utah, enabling strong access to fintech talent and financial services infrastructure. (≤30 words)
What’s Next for Moneylion?
Moneylion plans to deepen its financial automation capabilities, expand lending and credit builder offerings, and strengthen embedded banking partnerships. Future growth centers on profitability, product diversification, and AI-driven financial guidance.
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