MoneyLion Inc. is a financial technology company that offers a range of digital financial products and services to help consumers manage their money more effectively. The company was founded in 2013 by a team of entrepreneurs, including CEO Dee Choubey, with the goal of providing accessible and inclusive financial solutions to individuals.
MoneyLion's core product is its mobile banking platform, which combines banking services, personal finance tools, and investment options into a single app. Users can open a MoneyLion checking account, access credit-building loans, and invest in portfolios tailored to their financial goals. The platform also provides budgeting tools, credit monitoring, and rewards programs to help users improve their financial well-being.
The company aims to provide financial services to individuals who are typically underserved by traditional banking institutions. Through its mobile banking platform, MoneyLion offers accessible and affordable financial products to a wide range of consumers, including those with limited credit history or low income.
MoneyLion's product, the MoneyLion app, integrates various financial services and tools to empower users to take control of their finances. The app allows users to track their spending, set savings goals, and receive personalized financial recommendations. Additionally, MoneyLion's investment platform offers automated investment portfolios based on the user's risk profile and financial objectives.
In recent years, MoneyLion has expanded its product offerings to include additional features such as cashback rewards, overdraft protection, and financial education resources. The company's goal is to provide holistic financial solutions that help individuals build their credit, save money, and invest for the future.