MoneyLion Closes Deal With SPAC Fusion Acquisition To File IPO

Digital financial platform MoneyLion and special purpose acquisition company (SPAC) Fusion Acquisition Corp. have closed a deal that would take MoneyLion public with an estimated $2.9 billion equity value. Dee Choubey, CEO and co-founder of MoneyLion, said in a Friday (Feb. 12) press release that the startup is aiming to “rewire a broken banking system” and move away from “a one-size-fits-all” mentality that typically exists in personal finance options.
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