• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    9 Sep, 2019
    Phone:
    +1 888-659-8244

Description

FOCUS

PRODUCTS & SERVICES:
Provide loan services to customers using big data & machine learning algorithms
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Investors

PEOPLE

FOUNDERS:
Chee Mun Foong, Diwakar Choubey, Pratyush Tiwari
Board Members and Advisors:
Ken Riley
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Citizen.VC, FinTech Collective, Broadhaven Capital Partners, Edison Partners, Clocktower Technology Ventures, Montage Ventures, Jared Carmel
KEY EMPLOYEES:
Diwakar Choubey (CEO); Chee Mun Foong (CTO); Richard Correia (CFO); Tim Hong (CMO)

TRACTION

ACTIVE USERS COMMENT:
The company has grown upto 1.5 million users till now(Jan 2018).
COMMENT:
MoneyLion has provided over 250,000 personal loans to its customers to help them manage unexpected expenses and achieve their financial goals (Jan 2018).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$67.5 Millions
DATE OF LAST FUNDING:
Jan 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund for expanding its product line (Jan 2018).
SEED CLOSED ON:
Apr 2014
SEED PRIOR FUNDING COMMENT:
An Undisclosed amount was funded in Seed round in Sep 2013.
FUNDING SERIES:
SERIES A
$25.5 Millions Closed: Dec 2016
SERIES B
$42 Millions Closed: Jan 2018
COMMENTS
SERIES A : An undisclosed amount raised in Venture round in Apr 2015.
LISTED:
NO

LATEST RESEARCH