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Announced

Completed

MoneyLion completed the acquisition of Even Financial for up to $440m.

Financials

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Transaction Value£330m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Financial Data and Systems

Acquisition

Single Bidder

Friendly

embedded finance marketplace

Domestic

Majority

Private

Completed

Synopsis

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MoneyLion, a digital financial platform, completed the acquisition of Even Financial, an embedded finance marketplace, for up to $440m. The transaction provides for total consideration to Even’s equity holders of up to $440m, using a convertible financing structure. "At Even, our vision has always been to revolutionize how consumers receive recommendations for financial services. Through a combination of machine learning expertise and our trusted user experience, Even has helped over 400 financial institution partners find and connect with consumers. Going forward, we are excited to play an integral role in powering MoneyLion’s fast-growing Marketplace and offer MoneyLion’s suite of products to our channel partners," Phillip Rosen, Even Founder and CEO.

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