Wallets/moneylion
MoneyLion
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Overview
MoneyLion is a US financial "super-app" operated by MoneyLion Inc. (NYSE: ML), founded 2013 [1, 2]. MoneyLion bundles a mobile banking account ("RoarMoney"), debit card, cash advances ("Instacash"), investing, a credit-builder loan, and a marketplace of third-party financial products. It went public via SPAC in 2021 and was later announced to be acquired by Gen Digital. In 2025, Gen Digital (owner of Norton/Avast) completed its acquisition of MoneyLion.
History
2013 — MoneyLion founded [2]: Co-founded by Diwakar Choubey (CEO), Chee Mun Foong and Pratyush Tiwari as a data-driven personal-finance platform.
2019-2020 — RoarMoney banking + Instacash + investing [2]: MoneyLion expanded from lending into a full financial super-app.
2021 — Public via SPAC (NYSE: ML) [2]: Listed publicly; acquired content/embedded-finance assets (e.g., MALKA, Even Financial/Engine).
2025 — Acquired by Gen Digital [2]: Gen Digital (Norton, Avast, LifeLock) completed its acquisition of MoneyLion, folding it into a consumer-finance + cyber-safety portfolio.
Ownership & operator
Operating entity: MoneyLion Inc. (NYSE: ML).
Co-founders: Diwakar Choubey (CEO), Chee Mun Foong, Pratyush Tiwari [2].
Parent (post-2025): Gen Digital Inc. (acquirer) [2].
Regulators: Deposits FDIC-insured via partner bank; SEC/FINRA for investing; state-level money transmission.
Technical integration
| Layer | Description |
|---|---|
| Channels | MoneyLion mobile app (iOS + Android) + RoarMoney debit card |
| Identifiers | Email + phone + debit card number + SSN |
| US rails | ACH + card network |
| Card network | Mastercard (RoarMoney debit) |
| Wallets | Apple Pay + Google Pay via EMV tokenization |
| Distinctive | Instacash advances; Credit Builder Plus loan; investing; financial-product marketplace (Engine embedded-finance) |
Implementations & partners
Operator: MoneyLion Inc. (now part of Gen Digital).
Partner bank: FDIC-insured partner-bank account issuance (RoarMoney).
Competitors: [[chime]], [[dave]], [[current]], [[varo]], [[sofi]] and other US neobank / super-app fintechs.
Status
Active; acquired by Gen Digital (2025) [1, 2]:
- MoneyLion Inc. — US financial super-app, NYSE-listed (ML), now under Gen Digital ownership.
- Banking, advances, investing, credit-builder and a financial-product marketplace; partner-bank issued.
- Precise current member/financial metrics vary by filing; not pinned here (~).
Sources
Source
Biography extracted from moneylion.md. See matrix.md for standards-support matrix if present.