MoneyLion's 10-K Report Highlights 20.4M Total Customers

By Bobby Samwell • Tuesday, February 25 15:19 • Permanent Link

MoneyLion Inc. has recently released its 10-K report, offering a comprehensive insight into the company's financial performance and operations. MoneyLion, a financial technology company founded in 2013 and headquartered in New York, provides personalized banking, borrowing, and investing solutions for American consumers. The company's principal products include RoarMoney, Instacash, Credit Builder Plus membership program, MoneyLion Investing, Roundups, and MoneyLion Crypto. MoneyLion also offers marketplace solutions and creative media and brand content services.

In the 10-K, MoneyLion discussed the management's analysis of its financial condition and results of operations. The company highlighted its mission to address the financial wellness gap in America by bridging the financial literacy and access gaps. As of December 31, 2024, MoneyLion had 20.4 million Total Customers who used 34.1 million Total Products and over 1,300 Enterprise Partners in its network. The company strategically employs data-driven analytics and technology to enhance its platform and create personalized experiences for users.

MoneyLion's revenue in its Consumer business primarily comes from RoarMoney Banking, Instacash, Membership Programs, MoneyLion Managed Investing, and MoneyLion Crypto. In the Enterprise business, revenue is earned from Consumer Marketplace, Enterprise Marketplace, Media Services, and Finance Receivable Servicing.

The report also highlighted recent developments, including the borrowing of $70.0 million aggregate principal amount of term loans, the proposed merger with Gen Digital Inc., and the effect on capital stock and equity awards as a result of the merger.

The proposed merger with Gen Digital Inc. involves the automatic cancellation and conversion of each share of Class A common stock into the right to receive cash and one contingent value right issued by Gen. Additionally, the treatment of company equity awards and employee stock purchase plan was discussed, outlining the cancellation and conversion of outstanding options and awards.

As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $85.98. If you want to know more, read the company's complete 10-K report here.

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