Due Diligence on MoneyLion (ML) TL;DR

Summary

• MoneyLion, through its FinTech platform, financially empowers Americans by making it easier to borrow, save, invest, and earn
• Provides financial services including mobile banking, credit building, financial tracking, cash advances, and investing

Qualitative

• MoneyLion offers both consumer and enterprise solutions
  • Unique positioning in the competitive FinTech industry
  • Diversified revenue
  • Massive (over $274 billion) TAM opportunity
• Possibly undervalued due to bad market perception of DeSPACs

Quantitative

• Impressively Fast Growth
  • 117% Y/Y growth in Q1 2022
  • 2021A Annual Adj. Revenue: $165M vs. 2022E: $325-335M
• Clear path to profitability
  • Targeting to exit 2022 with breakeven Adjusted EBITDA
    • Q2 2022E Adj. EBITDA: ($20)-(15)
  • Expecting Operating Cash Flow positive in 2H 2022
  • Adequate cash runway through profitability (holds 185.01M in cash*)

*Seeking Alpha

Disclaimer: This is not investment advice. All quantitative data contained herein was sourced from information publicly provided by the company unless noted otherwise. You should conduct your own due diligence and research independent conclusions prior to making any investment decisions.