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.
MoneyLion Inc. (NYSE: ML) is set to release its financial results for Q3 2022 on November 10, 2022, at 8:30 a.m. ET. A conference call will follow, with a live webcast available on investors.moneylion.com. Additionally, MoneyLion will host an investor day on December 8, 2022, with a link for registration provided. Since its inception in 2013, MoneyLion has focused on empowering Americans with personalized financial content and products.
MoneyLion Inc. (NYSE: ML) will hold an Investor Day on December 8, 2022, at 12:00 p.m. in New York, NY. The event will feature CEO Dee Choubey and CFO Rick Correia discussing the company’s mission, strategy, market potential, and financials, followed by a live Q&A session. Registration for the webcast is available on their Investor Relations website. MoneyLion aims to empower Americans with personalized financial solutions and content, leveraging its proprietary data and technology.
MoneyLion has launched MoneyLion University (MLU) to address the financial literacy gap in the U.S. This initiative features a curriculum from NFL player Brandon Copeland, focused on essential financial skills such as budgeting, credit building, and investing. MLU will offer engaging video content and live-streamed webinars starting January 2023. The broader aim is to enhance customer education through innovative, accessible content. Coupled with the MoneyLion Creator Experience, this effort seeks to provide personalized financial advice and support to users nationwide.
MoneyLion Inc. (NYSE: ML) has responded to a complaint from the Consumer Financial Protection Bureau (CFPB), which targets its membership offering. The company asserts its commitment to cooperation with the CFPB over the past three years while defending against what it calls false allegations. MoneyLion emphasizes the value of its membership program aimed at helping service members and other customers improve their financial well-being. The company remains dedicated to innovation and support for military and veteran customers, claiming the CFPB's assertions are unfounded.
MoneyLion (NYSE: ML) has announced a partnership with INFLCR to create a money curriculum targeting student-athletes. This initiative aims to educate them on financial management skills, including credit improvement and investing, in light of the NCAA's Name, Image, and Likeness (NIL) regulations. The collaboration will involve the launch of an ambassador program, allowing student-athletes to represent MoneyLion at their schools. As part of the program, select athletes will appear on Showtime’s podcast 'All the Smoke' to discuss financial literacy and money management.
MoneyLion Inc. (NYSE: ML) announced that its Co-Founder and CEO, Dee Choubey, alongside CFO Rick Correia, will present at the Barclays Global Financial Services Conference on September 12, 2022, at 8:15 a.m. ET. The management will also engage in one-on-one meetings throughout the day. A live webcast and replay of the presentation will be accessible on the investor relations website for 90 days post-event. For further inquiries, contact MoneyLion’s investor relations team.
MoneyLion (NYSE: ML) has partnered with Zogo to enhance financial education for over 3 million users. This collaboration marks Zogo's largest fintech platform integration, providing bite-sized educational modules within MoneyLion's app. The initiative aims to empower users with knowledge in areas like investing, saving, and budgeting. Both companies emphasize the importance of making financial literacy engaging and accessible. According to Zogo's CEO, this partnership represents a significant step towards their mission of improving financial education for consumers.
MoneyLion Inc. (NYSE: ML) reported a record adjusted revenue of $84.1 million for Q2 2022, reflecting a 131% year-over-year growth. The company added nearly 950,000 new customers, bringing the total to 4.9 million, a 124% increase from the previous year. Customer acquisition costs decreased to $9, while average revenue per user rose to $76. MoneyLion has also updated its full-year revenue guidance to approximately $330 to $340 million, aiming for a breakeven adjusted EBITDA by year-end. Despite a net loss of $23.1 million, the company demonstrated strong growth metrics.
Nuula, a fintech company, has launched a new Term Life Insurance feature for small business owners and entrepreneurs. This offering enables users to compare and purchase policies from a network of top carriers, with coverage options up to $5 million and terms ranging from 10 to 40 years. The service is powered by Even Financial and serviced by LeapLife, which ensures competitive policies rated A- and above by AM Best. This development follows the introduction of a personal loan search feature, enhancing Nuula's suite of financial services for the small business community.
MoneyLion Inc. (NYSE:ML) announced its participation in several financial conferences in August, including the Needham FinTech & Digital Transformation 1x1 Conference on August 18, the Rosenblatt Technology Summit on August 24, and the Deutsche Bank Technology Conference on August 31 in Las Vegas. The company aims to engage investors and stakeholders through these virtual and in-person events. MoneyLion, a digital financial services platform, is dedicated to enhancing financial literacy and providing low-cost financial products to empower Americans.