Personal finance management platform MoneyLion announced today that it scored a $22.5 million investment. Led by Edison Partners, the series A funding round, along with a $650 million in debt facilities from Macquarie Group, will lead MoneyLion to “growth and significantly expand its lending capacity.”
The New York-based startup’s technology uses machine learning analytics to “enable smarter tools and credit products” for individuals, offering “data-driven recommendations that provide a clearer understanding of their entire financial lives,” explained MoneyLion cofounder and CEO Diwakar Choubey.
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Existing investors, including FinTech Collective, Citizen.VC, Clocktower Ventures, and Broadhaven Capital Partners, participated in the investment.
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