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The credit facilities from institutional investors, combined with equity capital from FinTech Collective and other VCs, will allow MoneyLion to address the growing consumer demand for its credit products.
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Launched in 2013, MoneyLion currently offers personal finance tools and a suite of credit products designed to foster better, more informed financial decision-making across the lifetime of its growing community of users. To date, MoneyLion has originated over 120,000 loans from its balance sheet.
http://www.crowdfundinsider.com/2016/09/90239-brief-moneylion-closes-debt-facility-macquarie-group/
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