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Huge congratulations to Dee and the team at MoneyLion on their $42m Series B! This company is just getting started on its mission to reinvent AI-driven wealth management and lending. We're so proud to have served as a lead investor in the past, and excited to continue the journey ahead.
The latest investment follows rapid growth of the MoneyLion platform, which has surpassed 1.5 million users and has experienced 178% compounded growth in revenue since 2015. The company, which is cash flow positive, plans on using the growth capital to increase investment in technology and continue to expand its product line. “We set out in 2013 with the mission to empower all Americans to take control of their financial lives with uniquely personalized financial products. We’re bringing private banking-like services to the middle class that address their toughest financial challenges, like fluctuating monthly income and expenses, access to affordable credit, and improving savings,” said Diwakar Choubey, CEO and co-founder of MoneyLion.
http://blog.moneylion.com/moneylion-secures-42-million-investment-to-accelerate-growth/
