FT Partners is pleased to announce our role as financial advisor to MoneyLion on its merger with Fusion Acquisition Corp., a special purpose acquisition company (SPAC), for a post-transaction equity value of $2.9 billion. This deal follows FT Partners-advised $3.8 billion SPAC merger of Payoneer with FTAC Olympus Acquisition Corp. just last week.
Founded in 2013, MoneyLion is a mobile banking and financial membership platform that empowers people to take control of their finances. Since its launch, MoneyLion has engaged with 7.5 million hard-working Americans and has earned its members' trust by building a full-service digital platform to deliver mobile banking, lending, and investment solutions. From a single app, members can get a 360-degree snapshot of their financial lives and have access to personalized tips and tools to build and improve their credit and achieve everyday savings.
Please view our detailed profile for additional information on this transaction.
This transaction highlights the long-term nature of many of FT Partners' client relationships, as we previously advised MoneyLion on its $100 million Series C financing in 2019 and its $82 million Series B financing in 2018.