MoneyLion and NFP Partner to Provide Nationwide Insurance and Financial Wellness Offerings to MoneyLion Members
MoneyLion, an award-winning, data-driven, digital financial platform, today announced a partnership with leading insurance broker NFP to provide MoneyLion members with direct access to insurance and financial wellness offerings that can help support their financial journey.
The partnership, powered by NFP’s InsurChoice program, enables MoneyLion members to shop for and buy industry-leading insurance products and solutions through MoneyLion’s all-in-one financial platform, where they already bank, borrow, save and invest.
With today’s announcement, MoneyLion also introduced MoneyLion Marketplace, a platform which matches MoneyLion members with category-leading brands, offers and value-add resources that are tailored to their personal needs.
Nationwide, one of the strongest, diversified, Fortune 100 insurance and financial services companies, will be the first insurance provider available to MoneyLion members via NFP and through the MoneyLion Marketplace platform.
“Knowing what type and how much insurance to buy can be a daunting experience for many people, and yet it is a critical foundation for any financial plan,” said Dee Choubey, MoneyLion co-founder and CEO. “As a leader in digital technology, insurance underwriting and customer service, Nationwide is a natural fit to help our members evaluate the insurance options that are right for them.”
MoneyLion members will be able to get a quote quickly and easily for a range of Nationwide insurance products and, in some instances, lower their expenses, all through the MoneyLion app.
“Meeting the customer where they are is an important focus in Nationwide’s strategy and key to our innovative partnership with NFP and MoneyLion,” said Gary Douglas, president, Nationwide National Partners. “Partnering with NFP to provide a digital solution utilizing MoneyLion’s Marketplace will enhance the customer experience and attract consumers who want to quickly and simply quote and purchase insurance online.”
“MoneyLion’s focus on introducing innovative solutions aligns well with our efforts to help clients solve problems and enhance outcomes,” said Brett Woodward, Managing Director of NFP Personal Risk. “Through this partnership, we’ll be able to leverage the MoneyLion Marketplace platform to connect the needs of clients with a range of solutions through an easy-to-use interface. This is a great combination of expertise, innovation and collaboration that delivers meaningful value to MoneyLion members.”
Introducing MoneyLion Marketplace
MoneyLion Marketplace extends the range of tools and services available for members to seamlessly access through the MoneyLion platform, making it easy to manage their financial lives through the convenience of a single digital app.
MoneyLion’s AI-powered fGPS® technology provides members with personalized financial guidance. This individualized guidance will eventually link directly to MoneyLion Marketplace to help members find highly-relevant partners and offerings when they need it most and are seeking solutions to achieve their financial goals.
“We want to use the power of technology and our all-in-one platform to meaningfully match our members with industry-leading providers and personalized offerings that can help them manage their financial needs today and plan for tomorrow,” added Choubey.
The introduction of MoneyLion Marketplace and partnership with NFP builds on the company’s recent momentum. In October 2020, MoneyLion announced a partnership with NFP Ventures to provide NFP’s employer clients with access to MoneyLion’s full suite of financial tools.
As previously announced, on February 12, 2021, MoneyLion entered into a definitive agreement with Fusion Acquisition Corp. (NYSE: FUSE), that will result in MoneyLion becoming a publicly listed company in the first half of 2021, subject to the satisfaction of customary closing conditions.
Become a MoneyLion Marketplace Partner
Companies interested in joining the MoneyLion Marketplace platform can visit moneylion.com/partners for more information.