MoneyLion: A Successful Exit Backed by Edison Partners

Deal News | Apr 29, 2025 | Edison Partners LP

MoneyLion: A Successful Exit Backed by Edison Partners

Edison Partners, a renowned growth equity firm, announced its exit from MoneyLion after MoneyLion was acquired by Gen Digital Inc. Edison Partners was the first institutional investor for MoneyLion in 2016. The firm supported MoneyLion's expansion into a leading global fintech enterprise that offers personalized financial services and developed a strong consumer financial marketplace platform. MoneyLion, now boasting over 20 million users, has seen a substantial growth under Edison's guidance including a 700% increase in membership and listing on the NYSE in 2021. This exit marks Edison Partners' third significant exit this year, following its exits from Zelis and RapidDeploy. Edison Partners’ managing partner, Chris Sugden, commended MoneyLion's progress and emphasized the role of Edison's operative support throughout MoneyLion's evolution and its path to becoming a public entity.

Sectors

  • Financial Technology (Fintech)
  • Private Equity

Geography

  • United States – Edison Partners is based in Princeton, NJ, and MoneyLion, also based in the U.S., has expanded its presence significantly within the American financial services market.

Industry

  • Financial Technology (Fintech) – MoneyLion operates within the fintech sector, offering personalized financial services and acting as a consumer finance marketplace.
  • Private Equity – Edison Partners is a private equity firm conducting investments in sectors like fintech, evidenced by its investment and recent exit from MoneyLion.

Financials

  • $1.7 billion – The total assets managed by Edison Partners.

Participants

NameRoleTypeDescription
Edison PartnersSelling CompanyCompanyA leading growth equity firm offering financial and intellectual capital to growth-stage companies.
MoneyLionTarget CompanyCompanyA fintech company offering a consumer finance super app, having become a significant player with over 20 million users.
Gen Digital Inc.BuyerCompanyThe acquiring company of MoneyLion, listed on NASDAQ as GEN.
Chris SugdenManaging PartnerPeopleManaging Partner and Chairman of Edison Partners' investment committee with extensive experience in fintech investments.