American Mobile Bank MoneyLion Has Attracted 100 million US Dollars of Financing

American Mobile Bank MoneyLion Has Attracted 100 million US Dollars of Financing

New fintech startup from the United States, the company MoneyLion, has attracted more than 100 million US dollars during the financing round. Previously, the company had already attracted $60 million in venture capital in the second quarter of 2018, but this has become known only now, and these were not the first investments in this project. This means that the total investment in this startup has already reached about 200 million US dollars, and experts estimate the company at 1 billion US dollars already at this stage.

Source: Techcrunch.com

So, MoneyLion is a mobile bank, it is possible to open credit, deposit and debit accounts in its application. This is the “All in One” platform, it allows connection of all bank accounts in one place and organization financial accounting. The monetization of the project is carried out mostly because of a paid subscription, which costs $19.99 per month.

Since traditional banks are introducing new technologies that can help the growing financial needs of their customers slowly, more and more Fintech start-ups will appear around the world to fill this gap for many years.

We want to remind:

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