Edison Partners Leads Series A Investment in MoneyLion
Summary
Utilizing sophisticated machine learning models, the platform makes recommendations on spending habits, personal loans, and other financial products to improve or build consumers’ credit. “We are extremely impressed with MoneyLion’s ability to expand beyond lending to become an essential resource for a range of consumer financial activities,” said Chris Sugden, Edison Managing Partner, who led the investment and has joined the board of directors. “MoneyLion’s sophisticated technology, long-term view of the customer and impressive leadership team place them one step ahead of the competition. Notable exits include Edgetrade, FolioDynamix, GAIN Capital, Liberty Tax and Princeton Financial. Current investments include: Axial, BFS Capital, Billtrust, Clearpool Group, Compliance Science, OptionsCity, Predata, Scivantage, Solovis and Trader Tools.