Announced
Completed
Financials
Tags
Acquisition
Friendly
United States
Domestic
Private
FinTech
Digital Financial
Majority
Single Bidder
De-SPAC
Merger
Reverse Takeover
Private Equity
Completed
Synopsis
MoneyLion, a digital financial platform, went public via a SPAC merger with Fusion Acquisition, a special purpose acquisition company, in a $2.4bn deal. BlackRock and Apollo co-invested in the transaction. “Our platform surrounds each customer with the financial tools, content, and actionable advice relevant to their unique situation. This model is generating high user growth, multiple product engagement, and low cost of acquisition. A public listing enhances our ability to scale more quickly and continue to innovate so that we can help more people take control of their finances and achieve their life goals,” Dee Choubey, MoneyLion CEO and co-founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.