What does MoneyLion do?

MoneyLion is a private fintech company that offers lending, financial advisory, and investment services to consumers. Founded in 2013, MoneyLion's target market is 70% of American consumers who mostly live paycheck to paycheck. 1 The company's goal is to optimize consumers' money management and savings while boosting their credit.

Who is MoneyLion's target market?

Founded in 2013, MoneyLion's target market is 70% of American consumers who mostly live paycheck to paycheck. 1 The company's goal is to optimize consumers' money management and savings while boosting their credit. Over 90% of MoneyLion members are first-time investors, per the company's website. 2

Is MoneyLion a scam?

MoneyLion is legit and not a scam. This MoneyLion review shows that MoneyLion is a wonderful choice for people who want to improve their financial situation, but cannot due to high-interest loan rates and many others. It helps them take control of their financial lives and improve their savings. No interest. No monthly fee. No credit check

Does MoneyLion offer personal loans?

MoneyLion’s personal loans and easy-to-use tools help you borrow for less while saving more, improve your financial health, and monitor your credit all in one place. MoneyLion provides loans between $1000 to $35,000 to their customers without the need to provide collateral. This loan can be used without any restriction.