MoneyLion Raises $42M Series B for Personal Finance and Lending App

MoneyLion, a New York-based personal finance fintech, raised $42 million in a Series B round led by Edison Partners in January 2018. The funding brings MoneyLion's total capital raised to $67 million. The company operates a mobile-first personal finance app that combines lending, credit monitoring, and financial advisory tools, having issued over 250,000 loans to date.

The Series B proceeds will be used to expand the company's technology platform and scale its lending operations. MoneyLion's model of embedding lending and financial products into a consumer app positions it within the embedded finance trend, offering banking-like services through a non-bank platform. The investment reflects strong investor interest in consumer-facing fintech platforms that bundle multiple financial services.

No specific valuation was disclosed.