• MoneyLion
• 12 Feb, 2021

Mobile banking platform MoneyLion is joining the Spac frenzy, inking a deal with blank-cheque firm Fusion Acquisition Corp to go public in a $2.9 billion deal. MoneyLion says the combined company will have an enterprise value of $2.4 billion, with over $500 million in cash to fund growth. Founded in 2013, MoneyLion claims six million members for its app, which includes a bank account, an investing tool, the ability to get salary advances, credit score building help, and advice on how to manage
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