MoneyLion, founded in 2013, is a mobile banking platform that offers loans up to $1,000, interest-free cash advances, early paycheck deposit banking with no minimum balance, managed investments, cashback rewards, and financial tracking and education.
MoneyLion is focused on accessible and effective products for everyone with the following products:
- Investment Account
- Credit Builder Plus
- Instacash Advance
- MoneyLion Crypto
One of MoneyLion’s key features is Financial Heartbeat, a fitness tracker for your finances. It combines a simple but dynamic framework for monitoring financial health and allows members to improve daily.
By simply opening the MoneyLion app and checking their financial heartbeat, members can quickly determine where they are on their path to financial health.
The MoneyLion Financial Heartbeat covers five key financial pillars: save, spend, protect, value and aspire, and provides daily insights to help members improve their values.
In partnership with MetaBank and Mastercard, RoarMoney is MoneyLion’s banking offering.
We rate the company on Green, as we could not find any irregularities around MoneyLion.