#BankTech #WealthTech / Mobile bank MoneyLion in talks to go public via SPAC

MoneyLion, a mobile banking, lending and investment platform, is in talks to go public through a merger with Fusion Acquisition, a blank-check company, according to people with knowledge of the matter.

New York-based MoneyLion, led by founder and Chief Executive Diwakar “Dee” Choubey, has more than 6 million members. Its features include RoarMoney, which gives users the ability to access paychecks two days early and free withdrawals from 55,000 ATMs…

MoneyLion last year added exchange-traded funds to its offerings, with members able to invest in themes such as environmental, social and corporate governance, or ESG, and technologies such as robotics, artificial intelligence and autonomous cars.