“MoneyLion is off to a very strong start in 2021,” said Dee Choubey, MoneyLion co-founder and CEO. “In addition to accelerating user and revenue growth, we beat each of our key internal metrics. Our first quarter results were driven by our ability to generate consistent, high-user growth and engagement across our platform. We continue to capitalize on market opportunities and improve our product offering to help more customers take control of their financial futures. We are entering the second quarter with momentum towards continued growth and ARPU expansion as we strengthen our product offering for our existing users and attract new users to our platform. We look forward to completing the merger transaction with Fusion by early July, which will give us access to significant growth capital and allow us to accelerate the execution of our strategic plan.” As announced on February 12, 2021, MoneyLion entered into a definitive agreement with Fusion Acquisition Corp. (NYSE:FUSE), which would result in MoneyLion becoming a publicly listed company, subject to the satisfaction of customary closing conditions. MoneyLion expects to use the net proceeds raised from the transaction to support its working capital needs and scale its platform and suite of products.

https://www.moneylion.com/investors/news/press-release/moneylion-reports-strong-first-quarter-2021-results/