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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.
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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