Medallion Financial (MFIN) 8-K Changes in Registrant's Certifying Accountant

Exhibit 16.1

April 10, 2024

U.S. Securities and Exchange Commission 100 F Street, NE

Washington, DC 20549

Ladies and Gentlemen:

We have read the statements made by Medallion Financial Corp. (the “registrant”) under Item 4.01 of its Form 8-K dated April 10, 2024 and are in agreement with the statements therein concerning Mazars USA LLP. We have no basis to agree or disagree with other statements of the registrant contained therein.

/s/ Mazars USA LLP

New York, New York