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MoneyLion remains on track to complete its previously announced merger with Fusion Acquisition Corp. (NYSE: FUSE), which is expected to close September 2021, subject to approval by the Fusion stockholders and other customary closing conditions. Upon closing, the newly combined company will operate as MoneyLion and trade on the New York Stock Exchange (NYSE) under the symbol “ML”.
“Our strong financial performance has continued into the second quarter of 2021, as evidenced by net revenue growth of 122% year over year. Based on our Q2 results, MoneyLion’s annualized net revenue run-rate is now over $150 million,” said Dee Choubey, MoneyLion co-founder and CEO. “We also added approximately 400,000 new users to the platform in the second quarter, underscoring the strong demand for our digital financial platform. Based on our progress year to date and in anticipation of further momentum as we bring several new product and growth initiatives to market later this year, we are forecasting strong sequential growth in the second half of 2021. We look forward to completing the merger transaction with Fusion which will further enhance our growth trajectory into 2022.”
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