While September’s quarter end seems long ago and far away, investors largely cheered the FinTech IPO names that disclosed results, with the the FinTech IPO Index up 5.1% this past week and portfolio company MoneyLion 22% higher through the past five sessions.
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FinTech IPO Index Gains 5.1% as MoneyLion Leads Earnings Season Surge
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MoneyLion Leads the Pack MoneyLion was 22% higher through the past five sessions. MoneyLion said it recorded rising revenue this quarter after developing new personal finance tools. Revenues were $110 million, up 24% from the same quarter last year. Co-Founder and CEO Dee Choubey said the results show the “strength and resiliency” of MoneyLion’s business. The company said it had diversified its product mix this quarter, expanding into non-lending verticals such as high-yield savings. As we reported, revenue from personal loan verticals now makes up 55% of MoneyLion’s enterprise marketplace revenue, compared to 85% in the prior quarter.
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