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.
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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