MoneyLion Inc. Class A Common Stock (ML)

Frequently Asked Questions About MoneyLion Inc. Class A Common Stock (ML)

Can users access financial advice through MoneyLion?

Yes, MoneyLion provides users with access to personalized financial advice as part of its app. The platform offers insights and tips tailored to individual financial situations, helping users make informed decisions regarding spending, saving, and investing.

Does MoneyLion provide credit score monitoring?

Yes, MoneyLion provides credit score monitoring as part of its services. Users can access their credit score and receive insights into factors affecting their credit, enabling them to make informed decisions to improve their financial health. This feature is designed to educate users about credit management and its importance.

How can users contact MoneyLion customer support?

Users can contact MoneyLion's customer support through various channels including in-app messaging, email, and phone support. The company is committed to providing responsive and helpful customer service to address any queries or concerns its users may have.

How does MoneyLion ensure user security?

MoneyLion takes user security seriously by implementing industry-standard security measures including encryption, secure data storage, and continuous monitoring to protect user data and financial information. The commitment to security is part of ensuring customer confidence in using their financial platform.

How does MoneyLion help with investments?

MoneyLion offers investment options that allow users to invest in diversified portfolios in a simple and automated way. Users can start with small amounts and benefit from features like automatic rebalancing and personalized investment advice to grow their wealth over time.

How does MoneyLion's business model work?

MoneyLion operates on a subscription-based business model combined with revenue generated from loan origination and interest. Users can subscribe to services that provide access to enhanced features and benefits. This model aligns with MoneyLion's mission of promoting affordable financial solutions tailored to consumers' needs.

Is MoneyLion available to users in all states?

MoneyLion's services are available in most states within the U.S.; however, certain financial products may have specific state restrictions due to regulatory requirements. Users are encouraged to check the app or website for the availability of specific services in their location.

Is MoneyLion publicly traded?

Yes, MoneyLion is publicly traded. The company went public through a merger with a special purpose acquisition company (SPAC) in 2021. Its shares are traded on the New York Stock Exchange under the ticker symbol 'ML'.

What are MoneyLion's future growth plans?

MoneyLion aims to expand its product offerings and enhance its technology infrastructure to better serve its growing customer base. The company is focused on increasing its market presence and developing strategic partnerships that could broaden its financial solutions and reach new demographics.

What does MoneyLion Inc. do?

MoneyLion Inc. is a financial technology company that offers a suite of financial products and services aimed at helping consumers manage their finances more efficiently. Its services include personal loans, investment options, credit monitoring, and budgeting tools, all accessible through a mobile application designed to promote financial wellness.

What fees does MoneyLion charge?

MoneyLion typically charges interest on personal loans but aims to provide transparent pricing with no hidden fees. Additionally, there may be fees associated with subscription services for premium features, but the company emphasizes value and affordability to create financial solutions that are accessible to consumers.

What is 'Credit Builder' from MoneyLion?

'Credit Builder' is a service offered by MoneyLion that helps users to build or improve their credit scores. By taking out small loans that are reported to credit bureaus, users can establish a positive credit history, which is vital for securing larger loans and better interest rates in the future.

What is MoneyLion's mission?

MoneyLion's mission is to empower consumers to take control of their financial futures by offering affordable and accessible financial products and services. The company aims to foster financial wellness among its users through education, technology, and tailored financial solutions.

What is the financial wellness program offered by MoneyLion?

MoneyLion's financial wellness program provides users with personalized financial advice, educational content, and budgeting tools to help them better manage their finances. The program is designed to promote financial literacy and encourage users to adopt healthier financial habits.

What is the MoneyLion app?

The MoneyLion app is a mobile application that provides users with access to all of MoneyLion's financial services in one convenient platform. Users can manage loans, track investments, monitor credit scores, and receive personalized financial advice, all designed to enhance their financial literacy and management.

What types of financial products does MoneyLion offer?

MoneyLion offers a variety of financial products including personal loans, which provide consumers quick access to cash; investing options that allow users to build and manage portfolios; a credit builder service to help improve credit scores; and a budgeting tool that assists users in tracking their spending and managing their finances.

When was MoneyLion founded?

MoneyLion was founded in 2013 by a group of entrepreneurs, including co-founder and CEO Dee Choubey, with the goal of improving financial access and education for consumers. The company's innovative approach to personal finance allowed it to quickly gain traction in the financial technology space.

Where is MoneyLion headquartered?

MoneyLion is headquartered in New York City, a central hub for financial technology innovation. This location enables the company to attract top talent and foster partnerships within the vibrant fintech ecosystem in the region.

Who are MoneyLion's target customers?

MoneyLion primarily targets consumers who are looking for accessible financial solutions, including millennials and everyday consumers who may have historically lacked access to traditional banking products. Their goal is to reach those wanting to manage their finances more effectively through modern tools and insights.

What is the current price of MoneyLion Inc. Class A Common Stock?

The current price of MoneyLion Inc. Class A Common Stock is 86.97

When was MoneyLion Inc. Class A Common Stock last traded?

The last trade of MoneyLion Inc. Class A Common Stock was at 6:30 pm EDT on April 2nd, 2025