Market Overview

MoneyLion Reaches 2 Million Customer Milestone As Growth Accelerates

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Rapid customer adoption reflects the demand for financial products
that truly address the challenges of the financial middle class

MoneyLion,
the digital personal finance platform for the financial middle class,
today announced that it now empowers over 2 million customers to better
their borrowing, saving and investing through personalized, AI-driven
solutions. The growth of MoneyLion's community is a reflection of the
positive financial outcomes its customers have achieved and the
platform's unique approach to money management for everyday Americans.

The momentum behind MoneyLion's customer growth follows a number of
recent milestones for the company, including:

  • The December launch of MoneyLion
    Plus
    , a first-of-its-kind membership that combines guided savings,
    simple investing, access to low-cost loans, and personalized daily
    financial tips to help consumers build their credit, financial
    resilience, and first $2,000 in savings. MoneyLion Plus has
    democratized access to private banking-like services typically
    reserved for high net worth consumers, providing an opportunity for
    first-time investors to begin building wealth.
  • Completion of a successful $42 million Series B equity round in
    January, bringing MoneyLion's total funds raised to $67 million. This
    financing accelerates MoneyLion's continued development of innovative,
    inclusive financial products and services for America's financial
    middle class.

MoneyLion continues to see high levels of engagement and positive
financial outcomes across its customer base - from users of the free
personal finance and credit monitoring tools to borrowers and investors
on MoneyLion Plus. Notable achievements include:

  • Over 1.25 million bank accounts have been linked to the mobile app,
    enabling customers to track their finances and receive personalized
    daily recommendations to optimize their saving and spending behavior.
  • Almost half a million customers have enrolled in MoneyLion's free
    credit monitoring program, and over 6 million real-time credit alerts
    notifying customers of new account openings and other changes to their
    credit have been sent.
  • Members have earned more than $2.5 million via MoneyLion's
    one-of-a-kind rewards program, which rewards members for building
    positive financial habits like credit improvements, responsible
    spending, and improved financial literacy.

"This important growth milestone is a tribute to our customer-centric
approach and our focus on enabling the financial middle class to reach
their goals, both today and in the future," said MoneyLion's CEO and
co-founder, Diwakar Choubey. "We look forward to introducing more
offerings in 2018 that help broaden access to better financial products
and services."

About MoneyLion

MoneyLion is a leading mobile finance platform that empowers consumers
to take control of their financial lives through better products for
borrowing, saving, and investing. Founded in 2013 by a team of leading
technologists and financiers, MoneyLion uses superior analytics and
machine learning-based technology to gain a 360-degree view of its
users' personal finances, enabling uniquely personalized advice and
underwriting. With its built-in system of rewards, points, and
incentives, MoneyLion encourages good financial behavior and better
financial outcomes. MoneyLion is headquartered in New York with offices
in San Francisco, Salt Lake City and Kuala Lumpur, Malaysia. For more
information, visit www.moneylion.com
or download the app here.

Disclosure

MoneyLion's affiliate, ML Wealth LLC, is a Registered Investment Advisor
with the SEC. MoneyLion Plus members' investments are protected by the
SIPC (Securities Investor Protection Corporation) for up to $500,000.

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