Inside MoneyLion's quest to become a financial 'super app'

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2 August 2021

Stephen Greer, a senior analyst at Celent, suggests MoneyLion, like many neobanks, is on a path to diversify its revenue sources beyond interchange fees.

"[That's] pretty important because they're going after deposit accounts which are fairly low margin, and fairly cheap," he said. "I wonder, with some of these neobanks, at what point do they reach a limit and afterward need to become a bank to start really growing."

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News article details

Retail Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America