About Moneylion
Moneylion is a company based in Sandy (United States) founded in 2013 was acquired by Gen in December 2024.. Moneylion has raised $268.43 million across 10 funding rounds from investors including Macquarie Group, Grupo SURA and Citizen.vc. Moneylion has completed 2 acquisitions, including Malka and WealthTech. Moneylion offers products and services including Instacash, RoarMoney, Credit Builder, and Managed Investing. Moneylion operates in a competitive market with competitors including SoFi, Avant, Earnest, Oportun and Asaak, among others.
- Headquarter Sandy, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Moneylion Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$268.43 M (USD)
in 10 rounds
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Latest Funding Round
$160 M (USD), Series C
Jul 23, 2019
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Investors
Macquarie Group
& 12 more
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Employee Count
Employee Count
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Investments & Acquisitions
Malka
& 1 more
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Acquired by
Gen
(Dec 10, 2024)
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Products & Services of Moneylion
Moneylion offers a comprehensive portfolio of products and services, including Instacash, RoarMoney, Credit Builder, and Managed Investing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides quick cash advances based on account activity
Offers digital banking accounts with high-yield savings
Helps build credit through managed loans
Facilitates investment in securities and accounts
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Software Development Team
38 people
Product Management Team
22 people
Leadership Team
10 people
Human Resources and Administration
9 people
Mobile Team
8 people
Finance and Accounting
6 people
Legal and Compliance
6 people
Senior Team
5 people
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Funding Insights of Moneylion
Moneylion has successfully raised a total of $268.43M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $160 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $160.0M
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First Round
First Round
(16 Apr 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Series C - Moneylion | Valuation | Edison Partners , Greenspring Associates | |
| Aug, 2018 | Amount | Series B - Moneylion | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Venture - Moneylion | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Moneylion
Moneylion has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Macquarie Group, Grupo SURA and Citizen.vc. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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Diversified investment management firm
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Founded Year | Domain | Location | |
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Investments in FinTech startups are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Moneylion
Moneylion has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Malka and WealthTech. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wealth management solutions are provided for advisors and individuals.
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2016 | ||||
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Branding services are provided by Malka to various clients.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Moneylion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Moneylion Comparisons
Competitors of Moneylion
Moneylion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SoFi, Avant, Earnest, Oportun and Asaak, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Various consumer loans and financial services are offered online.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Student loan refinancing and personal loans are offered by Earnest.
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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| domain | founded_year | HQ Location |
Consumer loans are facilitated online based on credit scores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Moneylion
Frequently Asked Questions about Moneylion
When was Moneylion founded?
Moneylion was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Moneylion located?
Moneylion is headquartered in Sandy, United States. It is registered at Sandy, Utah, United States.
Is Moneylion a funded company?
Moneylion is a funded company, having raised a total of $268.43M across 10 funding rounds to date.
What does Moneylion do?
Founded in 2013 and headquartered in Sandy, United States, Moneylion operates as a fintech platform in the consumer finance sector. Instant loans, including installment options and lines of credit, are provided alongside mobile banking features. Additional services encompass pre-paid debit cards, point-of-sale financing, loan comparisons, savings tools, and investment opportunities, all accessible through its digital interface.
Who are the top competitors of Moneylion?
Moneylion's top competitors include SoFi, Avant and Atlanticus Holdings.
What products or services does Moneylion offer?
Moneylion offers Instacash, RoarMoney, Credit Builder, and Managed Investing.
How many acquisitions has Moneylion made?
Moneylion has made 2 acquisitions, including Malka, and WealthTech.
Who are Moneylion's investors?
Moneylion has 13 investors. Key investors include Macquarie Group, Grupo SURA, Citizen.vc, Gen, and Broadhaven Capital Partners.
What is Moneylion's valuation?
The valuation of Moneylion is $1B as of Jul 2019.
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