Announced
Completed
Financials
Tags
United States
Financial Data and Systems
Acquisition
Single Bidder
Friendly
embedded finance marketplace
Domestic
Majority
Private
Completed
Synopsis
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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