MoneyLion Inc (NYSE:ML)
$ 86.64 0.39 (0.45%) Market Cap: 972.53 Mil Enterprise Value: 1.03 Bil PE Ratio: 309.43 PB Ratio: 3.41 GF Score: 48/100

Fusion Acquisition Corp and Moneylion Inc Announce Merger Conference Call Transcript

Feb 12, 2021 / 01:00PM GMT
Kristen Scholer
Senior Anchor - Cheddar

Mobile banking platform MoneyLion is cashing in and going public via SPAC. The Company announcing today that it's going to be going public following a merger with a blank check company Fusion Acquisition Corp. Now the deal valuing the combined Company at $2.4 billion with over $500 million in cash to fund growth.

And joining me now is Dee Choubey, Co-Founder and CEO at MoneyLion. Dee, it's good to see you this afternoon. Congratulations

Diwakar Choubey
Co-Founder and CEO - MoneyLion

Thank you.

Questions & Answers

Kristen Scholer
Senior Anchor - Cheddar

Why is now the right time to do this via SPAC?

Diwakar Choubey
Co-Founder and CEO - MoneyLion

Well, look, from our perspective every trend that we've been talking about with fintech, with our investors for the last 10 years played out through the pandemic. And a lot is going on right now in society and we're seeing that Americans are really changing the way

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