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

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.