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Moneylion to Acquire Even Financial
source link: https://fintechranking.com/2021/12/16/moneylion-to-acquire-even-financial/
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Moneylion to Acquire Even Financial
MoneyLion Inc. , the award-winning digital financial platform, announced today that it has agreed to acquire Even Financial Inc., the category-leading embedded finance marketplace, to accelerate its mission of providing financial access and advice to hardworking Americans.
The transaction provides for total consideration to Even’s equity holders of up to $440 million, using a convertible financing structure that values MoneyLion at its initial public listing price of $10 per share. Even’s investors include Goldman Sachs, American Express Ventures, SoFi, F-Prime Capital, MassMutual Ventures, LendingClub, Canaan Partners, and GreatPoint Ventures.
Read more: MoneyLion
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