Overview

MoneyLion (NYSE: ML) is a New York-based financial technology company that packages a mobile-first checking account, cash-advance product, and personal finance tools into a single app. It went public via SPAC in 2021 and serves millions of US consumers.

What MoneyLion actually is

MoneyLion's core product is RoarMoney, a fee-free spend account issued by a partner bank and covered by FDIC insurance up to $250,000. On top of that sit Instacash (small-dollar cash advances), a debit card with rewards, and a Credit Builder Plus membership designed to help thin-file borrowers establish credit history.

Who it's built for

US residents who want a low-friction mobile checking account with extras like early direct deposit and cash-advance access — without the branch overhead of a traditional bank.

Regulation & safety

MoneyLion is publicly traded on the NYSE under ticker ML. Banking services are provided by MetaBank / Pathward, N.A., a FDIC-member partner bank. Investment products are offered through MoneyLion's registered broker-dealer subsidiary.