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Announced

Completed

MoneyLion went public via a SPAC merger with Fusion Acquisition in a $2.4bn deal.

Financials

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Transaction Value£1,747m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

United States

Domestic

Private

FinTech

Digital Financial

Majority

Single Bidder

De-SPAC

Merger

Reverse Takeover

Private Equity

Completed

Synopsis

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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.

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