The American Fintech Council (AFC), the industry association representing responsible fintech companies and innovative banks, announced today that MoneyLion has joined as its newest member. MoneyLion is a digital ecosystem for consumer finance aimed at empowering individuals to make informed financial decisions.
Phil Goldfeder, Chief Executive Officer of AFC, stated, "MoneyLion empowers millions of families to take control of their financial future, unlocking countless possibilities for people long forgotten by traditional financial institutions. Responsible fintech companies like MoneyLion are building the true future of finance — honest innovations that make financial services and education more accessible for all."
MoneyLion serves over fifteen million customers with personal finance products designed to be inclusive, transparent, and accessible. The company offers a range of borrowing, saving, credit, and banking solutions through both first-party and third-party products. Additionally, MoneyLion provides curated money-related content and embedded finance marketplace solutions that offer personalized financial product recommendations.
Dee Choubey, Founder and Chief Executive Officer of MoneyLion, expressed enthusiasm about joining the AFC: "We are excited to join the AFC and look forward to collaborating with other fintech industry leaders to advocate for policies that drive financial inclusivity and innovation for millions of Americans. MoneyLion has long been committed to bridging the financial literacy and financial access gap for hard-working Americans."
The AFC aims to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services. It represents some of the largest fintech companies and innovative BaaS banks.
MoneyLion was established in 2013 and connects millions with essential financial products through its super app. The company also provides an enterprise technology platform enabling businesses to integrate embedded finance into their operations using advanced AI-backed data tools.