Mobile Finance Platform MoneyLion Closes Portfolio Financing Line with Macquarie Group

– The new facility will enable MoneyLion to support rising consumer demand for its credit products NEW YORK–(BUSINESS WIRE)–MoneyLion, the mobile personal finance platform that offers free tools and smarter credit products, today announced the closing of a debt facility from Macquarie Group (“Macquarie”). The Macquarie funds, combined with existing facilities from institutional investors as well as equity capital from FinTech Collective and other leading VCs, provides MoneyLion with significant capacity to meet growing consumer demand for its credit products. “The digitization of banking demonstrates the growth potential for data-driven financial tools and products that make life easier for consumers. With overall consumer loan originations in the U.S. sitting at over $800 billion per year, the opportunity for firms with access to stable institutional capital has never been greater,” said Diwakar Choubey, CEO of MoneyLion. “MoneyLion’s vision is to provide fast,…


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