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Mobile Bank MoneyLion Is in Talks to Go Public Via Fusion SPAC

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MoneyLion, a mobile banking, lending and investment platform, is in talks to go public through a merger with Fusion Acquisition Corp., a blank-check company, according to people with knowledge of the matter.

Fusion, the special purpose acquisition company, has begun discussions to raise new equity from potential investors for a transaction that’s set to value the combined entity at more than $2 billion, said the people, who requested anonymity because the talks are private. The SPAC is seeking to raise about $200 million to fund the deal, an amount that may be increased, said some of the people.