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. (NYSE: ML) generates news as a financial technology company and digital ecosystem for consumer finance, and as a former standalone public issuer that has agreed to be acquired by Gen Digital Inc. Company announcements have covered its evolution into what it describes as a top consumer finance super app, a premier embedded finance platform for enterprise businesses, and a financial media and content provider.
News about MoneyLion often includes updates on its financial performance, such as quarterly and full-year results where the company reports revenue, profitability metrics, and operating indicators like total customers, total products, and total originations. These releases also provide commentary from management on strategy, product launches, partnerships, and guidance.
Another category of coverage focuses on strategic transactions and corporate developments. MoneyLion and Gen Digital jointly announced a definitive agreement under which Gen would acquire all outstanding shares of MoneyLion for a specified cash amount per share plus a contingent value right. Subsequent releases from MoneyLion reported stockholder approval of the transaction and indicated that, upon completion, MoneyLion would become a subsidiary of Gen Digital and its common stock would no longer be listed on any public market. An investor announcement from Edison Partners later described the acquisition as finalized.
MoneyLion’s news flow also includes product, partnership, and marketing initiatives. Examples include its description of MoneyLion Checkout, a marketplace solution that allows consumers to search, apply for, and complete transactions across numerous third-party financial products within the MoneyLion experience, and its partnership with the "Beast Games" competition series associated with MrBeast, which combined a large sweepstakes with financial literacy and product discovery through the MoneyLion app.
For readers tracking ML-related news, this page provides an archive of company press releases and third-party coverage related to MoneyLion’s operations, financial results, partnerships, and its acquisition by Gen Digital. Because MoneyLion’s common stock is expected to cease trading as an independent listing following completion of the acquisition, the news record around ML is particularly relevant for understanding the company’s historical trajectory and the terms and rationale of the Gen Digital transaction.
Edison Partners has announced its exit from MoneyLion following the fintech company's acquisition by Gen Digital on April 10. As MoneyLion's first institutional investor since 2016, Edison Partners helped transform the company into a leading consumer finance super app serving 20 million users.
Under Edison's guidance, MoneyLion achieved several milestones:
- 700% membership growth to over 20 million customers
- NYSE public listing in 2021
- Development of MoneyLion Checkout marketplace
- Acquisition of Even Financial (now Engine by MoneyLion)
This marks Edison Partners' third major exit in 2025, following successful exits from Zelis (38x return) and RapidDeploy. MoneyLion has become a key platform for Americans making financial decisions, offering personalized financial products and embedded finance solutions through its unified user experience.
MoneyLion (NYSE: ML) stockholders have approved the proposed acquisition by Gen Digital (NASDAQ: GEN). Under the agreement terms, each MoneyLion Class A common stock will be converted into:
- $82.00 in cash
- One contingent value right for 0.7546 Gen Digital shares if Gen's volume-weighted average share price reaches $37.50+ over 30 consecutive trading days between December 10, 2024, and 24 months post-closing
With all regulatory approvals secured, the acquisition is expected to complete on April 17, 2025, subject to customary closing conditions. Post-acquisition, MoneyLion will become a Gen Digital subsidiary and will be delisted from public markets.
MoneyLion (NYSE: ML) has announced a proposed merger with Gen Digital Inc. (NASDAQ: GEN), offering shareholders a total consideration of up to $110 per share. The deal comprises:
- An immediate cash payment of $82.00 per share at closing, representing premiums of 9.5%, 33.5%, and 46.8% over unaffected 30-day, 60-day, and 90-day VWAPs respectively
- One contingent value right (CVR) per share, worth potentially $28.30 if milestone conditions are met
The board successfully negotiated an 84-92% increase from Gen's initial offer of $51-52 per share. A go-shop process involving 36 potential acquirers yielded no superior proposals. Leading proxy adviser Glass Lewis has recommended shareholders vote FOR the transaction at the Special Meeting scheduled for April 10, 2025.
MoneyLion (NYSE: ML) and Mastercard have released their 'Health is Wealth Report' revealing the significant impact of financial stress on physical health. The survey, conducted by The Harris Poll, shows that 66% of U.S. adults have experienced physical symptoms due to financial stress, with 40% reporting sleep issues and 37% experiencing headaches.
Key findings include: 59% of adults have skipped health-related activities due to financial concerns, 67% report inflation negatively impacting their health, and 75% believe better financial literacy would improve their health. The study identified barriers to financial education, with 56% facing obstacles like uncertainty about where to start (21%) and complex resources (15%).
In response, MoneyLion has launched initiatives including FinFit videos combining financial education with workout routines, and Money Master, a daily financial learning game offering cash rewards and a chance to win $5,000.
MoneyLion (NYSE: ML) has announced a special stockholder meeting scheduled for April 10, 2025, where stockholders will vote on the proposed acquisition by Gen Digital (NASDAQ: GEN). The meeting will allow stockholders of record as of February 11, 2025 to consider and vote on the merger agreement adoption. MoneyLion, a digital ecosystem for consumer finance, is set to be acquired by Gen Digital in this strategic transaction.
MoneyLion (NYSE: ML) announced record financial results for Q4 and full year 2024, highlighting significant growth across key metrics. The company reported FY 2024 revenue of $546 million, up 29% year-over-year, and achieved net income of $9.1 million compared to a net loss of $45.2 million in 2023.
Q4 2024 revenue increased 40% to $158.6 million versus Q4 2023, with a net income of $1.7 million compared to a $4.2 million loss in the prior year period. Adjusted EBITDA grew 55% to $25.6 million for Q4 and 98% to $92 million for the full year, representing a 17% margin.
Customer and product metrics showed strong growth with total customers increasing 46% to 20.4 million and total products growing 48% to 34.1 million in 2024. Total originations rose 32% year-over-year to $853 million in Q4 and 38% to $3.1 billion for the full year.
Additionally, MoneyLion announced it has entered into a definitive agreement to be acquired by Gen Digital (NASDAQ: GEN), with the transaction expected to close in the first half of Gen's fiscal year 2026.
MoneyLion (NYSE: ML) has partnered with MrBeast's new competition series 'Beast Games' on Prime Video, launching a $4.2 million at-home sweepstakes. The giveaway features over 1,000 prizes and will run through November 27, 2025, with eight unique drawings airing weekly through February 13, 2025.
Viewers can participate for free by scanning a QR code during the show, downloading the MoneyLion app, or visiting MoneyLion.com/BeastGames. Additional entries can be earned daily through the app's 'Beast Bonus Button.' The initiative aligns with MoneyLion's mission to make financial products accessible while integrating entertainment with their financial products marketplace.
Gen Digital (NASDAQ: GEN) has announced its acquisition of MoneyLion (NYSE: ML) for $82.00 per share in cash, valuing the deal at approximately $1 billion. MoneyLion shareholders will also receive one contingent value right (CVR) per share, potentially worth $23.00 in Gen common stock if certain conditions are met.
The acquisition extends Gen's capabilities from privacy and identity protection to comprehensive financial wellness through MoneyLion's personal finance platform. MoneyLion brings over 18 million customers and a B2B2C white-labeled AI recommendation platform. The transaction, unanimously approved by both boards, is expected to close in the first half of Gen's fiscal year 2026 and will be accretive to Non-GAAP EPS.
MoneyLion (NYSE: ML), a digital platform for consumer finance, announced its participation in the UBS Global Technology and AI Conference.
The event will be held on Wednesday, December 4, 2024 in Scottsdale, AZ. For more information or to schedule a one-on-one meeting, contact MoneyLion's investor relations team at ir@moneylion.com.
MoneyLion (NYSE: ML) has successfully completed a $70 million loan facility with Silicon Valley Bank to refinance its existing senior debt. The refinancing reduces the company's cost of capital by approximately 550 basis points and extends the debt maturity to 2029. The proceeds were used to repay approximately $65 million in outstanding debt, cover transaction fees, and provide working capital. Although the existing debt wasn't due until 2026, MoneyLion's strong financial position enabled it to secure better terms through this refinancing.
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