Pathward, MoneyLion Extend Partnership to 2029
September 05 2024 - 8:07AM
Business Wire
The nationally chartered bank and financial
technology company added another three years to their partnership
launched in 2020.
Pathward Financial, Inc. (Nasdaq: CASH) through its subsidiary,
Pathward®, N.A. (“Bank” or “Pathward”), announced the Bank and
MoneyLion (NYSE: ML), a digital ecosystem for consumer finance,
have committed to an additional three years of partnership,
extending their agreement until 2029. Pathward and MoneyLion first
joined forces in 2020, and the most notable product born from the
partnership is RoarMoney℠, a Demand Deposit Account offered through
MoneyLion’s mobile application.
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the full release here:
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“Pathward and MoneyLion have forged a successful alliance during
the past four years, delivering cutting-edge banking solutions to
enhance the financial experiences of MoneyLion's customers,” said
Pathward’s Divisional President of Banking as a Service, Will
Sowell. “MoneyLion is forward-thinking in their approach, and we
are thrilled to be their sponsor bank for RoarMoney and look
forward to working together to deliver new, innovative solutions to
their customers in the years ahead.”
A national bank with a purpose of powering financial inclusion,
Pathward’s Banking as a Service strategic business line enables
payments innovators, like MoneyLion, to meet the needs of their
customers by offering issuing, acquiring, money movement and
lending solutions.
“Pathward’s mature compliance culture, deep knowledge of the
regulatory landscape and extensive banking experience have earned
them a solid reputation as a top-tier bank partner,” said Dee
Choubey, CEO and Co-Founder of MoneyLion. “We're proud to extend
our partnership to 2029 and continue bringing dynamic products to
the market with the confidence we have from working together.”
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward
Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial
empowerment company driven by its purpose to power financial
inclusion. Pathward strives to increase financial availability,
choice and opportunity across our Banking as a Service and
Commercial Finance business lines. The strategic business lines
provide end-to-end support to individuals and businesses. Learn
more at Pathward.com.
About Pathward Financial, Inc.
Pathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based
financial holding company driven by its purpose to power financial
inclusion. Through our subsidiary, Pathward®, N.A., we strive to
increase financial availability, choice and opportunity across our
Banking as a Service and Commercial Finance business lines. These
strategic business lines provide end-to-end support to individuals
and businesses. Learn more at PathwardFinancial.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240905386175/en/
Media contact: Courtney Heidelberg 605.291.7044
mediarelations@pathward.com
Investor Relations contact: Darby Schoenfeld, CPA
877-497-7497 investorrelations@pathward.com
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