Whenever you’re researching new financial platforms, you might wonder if that company is a scam. It’s a smart thing to consider, and you need trusted information to help you make wise choices. Read more about MoneyLion to learn how it helps consumers like you manage money.
What Is MoneyLion?
MoneyLion is a financial platform that offers a massive range of services that include:
- Mobile banking
- Cashback rewards
- No hidden fees
- Financial calculators
- Buy now pay later services
- Investment and crypto accounts
- Credit builder loans
- Cash advances
Where Is MoneyLion Incorporated?
MoneyLion is an American company founded in New York that maintains offices in New York City, San Francisco, Salt Lake City and Kuala Lumpur.
What Is MoneyLion’s Partner Bank?
MoneyLion is a financial platform that partners with MetaBank. As a result, MoneyLion banking accounts are secured by Federal Deposit Insurance Corporation (FDIC) insurance.
Zero Hash Liquidity Services LLC manages MoneyLion crypto accounts, transactions and custody services.
DriveWealth LLC is a partner that handles part of the investment program. DriveWealth is a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).
ML Wealth LLC is an investment advisor offering support for the credit builder program, but it is not FDIC insured. ML Wealth is, however, registered with the U.S. Securities and Exchange Commission (SEC).
MoneyLion has engaged with 8.7 million Americans, has over 100,000 5-star reviews and has saved around $250 million in unnecessary banking fees for its customers.
Plus, MoneyLion customers have earned $14 million in rewards.
MoneyLion’s Awards and Recognition
MoneyLion has been recognized by:
- Forbes 2020 Fintech 50 Awards: Most Innovative Fintech Companies in 2020
- Finovate Awards: 2019 Best Digital Bank of the Year
- CNN Money
Manage Your Money Safely With MoneyLion
Knowing what you know about MoneyLion, you can see that it’s a safe place to manage your money and invest. Consider making the switch, and come back to Benzinga for more financial information whenever you want to learn more about the markets and financial services.
Frequently Asked Questions
Which bank is MoneyLion?
MoneyLion is a financial platform that offers a range of services to consumers. It’s backed by MetaBank.
What is MoneyLion used for?
MoneyLion offers financial services like mobile banking, buy now pay later services, crypto accounts, investment accounts and credit builder loans.