MoneyLion (ML) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2024
Document Information [Line Items]
Entity Registrant Name	MoneyLion Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001807846
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-39346
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-0849243
Entity Address, Address Line One	249-245 West 17th Street
Entity Address, Address Line Two	4th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	(212)
Local Phone Number	300-9865
Entity Interactive Data Current	Yes
Class A common stock, par value $0.0001 per share
Document Information [Line Items]
Trading Symbol	ML
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NYSE
Redeemable warrants, each whole warrant exercisable for 1/30th of one share of Class A common stock
Document Information [Line Items]
Trading Symbol	ML WS
Title of 12(b) Security	Redeemable warrants, each whole warrant exercisable for 1/30th of one share of Class A common stock
Security Exchange Name	NYSE

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash	$ 98,361	$ 92,195
Restricted cash, including amounts held by variable interest entities (VIEs) of $1,585 and $128	4,749	2,284
Consumer receivables	237,358	208,167
Allowance for credit losses on consumer receivables	(40,523)	(35,329)
Consumer receivables, net, including amounts held by VIEs of $150,174 and $131,283	196,835	172,838
Enterprise receivables, net	23,045	15,978
Property and equipment, net	1,961	1,864
Intangible assets, net	168,302	176,541
Other assets	52,490	53,559
Total assets	545,743	515,259
Liabilities:
Secured loans, net	64,482	64,334
Accounts payable and accrued liabilities	48,984	52,396
Warrant liability	810	810
Other debt, net, including amounts held by VIEs of $129,932 and $125,419	129,932	125,419
Other liabilities	23,079	15,077
Total liabilities	267,287	258,036
Commitments and contingencies (Note 15)
Stockholders' equity :
Class A Common Stock, $0.0001 par value; 66,666,666 shares authorized as of June 30, 2024 and December 31, 2023, 10,977,991 and 10,945,658 issued and outstanding, respectively, as of June 30, 2024 and 10,444,627 and 10,412,294 issued and outstanding, respectively, as of December 31, 2023	1	1
Additional paid-in capital	980,662	969,641
Accumulated deficit	(692,507)	(702,719)
Treasury stock at cost, 32,333 shares as of June 30, 2024 and December 31, 2023	(9,700)	(9,700)
Total stockholders’ equity	278,456	257,223
Total liabilities and stockholders' equity	$ 545,743	$ 515,259

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Restricted cash, including amounts held by variable interest entities (in Dollars)	$ 1,585	$ 128
Consumer receivables, net, including amounts held by VIEs (in Dollars)	150,174	131,283
Other debt, including amounts held by VIEs (in Dollars)	$ 129,932	$ 125,419
Treasury stock, shares	32,333	32,333
Class A Common Stock
Common Stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	66,666,666	66,666,666
Common stock, shares issued	10,977,991	10,444,627
Common stock, shares outstanding	10,945,658	10,412,294

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Service and subscription revenue	$ 127,890	$ 103,237	$ 245,963	$ 193,978
Net interest income on loan receivables	2,956	3,304	5,889	6,232
Total revenue, net	130,846	106,541	251,852	200,210
Operating expenses
Provision for credit losses on consumer receivables	33,431	25,562	53,661	42,073
Compensation and benefits	24,852	22,572	49,638	46,980
Marketing	10,530	6,549	21,396	12,941
Direct costs	34,449	32,230	65,838	62,032
Professional services	11,007	4,518	16,773	9,517
Technology-related costs	6,512	5,611	13,098	11,649
Other operating expenses	4,338	11,219	14,658	20,214
Total operating expenses	125,119	108,261	235,062	205,406
Net income (loss) before other (expense) income and income taxes	5,727	(1,720)	16,790	(5,196)
Interest expense	(6,714)	(7,330)	(13,531)	(14,841)
Change in fair value of warrant liability	(81)	162		13
Change in fair value of contingent consideration from mergers and acquisitions		6,367		6,613
Goodwill impairment loss		(26,721)		(26,721)
Other income	2,381	1,257	4,740	2,906
Net income (loss) before income taxes	1,313	(27,985)	7,999	(37,226)
Income tax benefit	(1,824)	(262)	(2,213)	(286)
Net income (loss)	3,137	(27,723)	10,212	(36,940)
Reversal of previously accrued dividends on preferred stock		2,667		690
Net income (loss) attributable to common shareholders	$ 3,137	$ (25,056)	$ 10,212	$ (36,250)
Net income (loss) per share, basic	$ 0.29	$ (2.71)	$ 0.95	$ (4.05)
Net income (loss) per share, diluted	$ 0.26	$ (2.71)	$ 0.85	$ (4.05)
Weighted average shares used in computing net income (loss) per share, basic	10,862,853	9,234,238	10,694,635	8,944,836
Weighted average shares used in computing net income (loss) per share, diluted	12,091,421	9,234,238	11,954,975	8,944,836

Consolidated Statements of Rede

Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Redeemable Convertible Preferred Stock (Series A)	Common Stock Class A		Additional Paid-in Capital		Accumulated Deficit	Treasury Stock
Balances at Dec. 31, 2022		$ 99,161	$ 173,208	$ 1	[1]	$ 766,839	[1]	$ (657,979)	$ (9,700)
Balances (in Shares) at Dec. 31, 2022			25,655,579	8,587,345	[1]
Stock-based compensation		10,955				10,955	[1]
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings		(782)				(782)	[1]
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)	[1]			172,925
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC		1,914				1,914	[1]
Issuance of common stock in connection with earnout and make-whole provisions related to the acquisition of Malka Media Group LLC (in Shares)	[1]			110,925
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments		304	$ 1,560			304	[1]
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments (in Shares)			4,400,172	23,453	[1]
Voluntary conversion of preferred stock to common stock		45	$ (45)			45	[1]
Voluntary conversion of preferred stock to common stock, Shares			(6,698)	230	[1]
Reversal of previously accrued dividends on preferred stock		690				690	[1]
Settlement of accrued dividends on preferred stock		2,976				2,976	[1]
Settlement of accrued dividends on preferred stock, (in shares)	[1]			229,605
Conversion of preferred stock to common stock		174,849	$ (174,723)			174,849	[1]
Conversion of preferred stock to common stock -Shares			(30,049,053)	1,012,093	[1]
Other		493				(12)	[1]	505
Other, (in shares)	[1]			(901)
Net income (loss)		(36,940)						(36,940)
Balances at Jun. 30, 2023		253,665		$ 1	[1]	957,778	[1]	(694,414)	(9,700)
Balances (in Shares) at Jun. 30, 2023	[1]			10,135,675
Balances at Mar. 31, 2023		95,491	$ 173,328	$ 1		771,881		(666,691)	(9,700)
Balances (in Shares) at Mar. 31, 2023			25,701,595	8,799,069
Stock-based compensation		5,250				5,250
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings		(183)				(183)
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)				72,128
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments		304	$ 1,440			304
Issuance of options and preferred stock in connection with Engine Acquisition and the related contingent consideration, net of working capital adjustments (in Shares)			4,354,092	23,453
Voluntary conversion of preferred stock to common stock		45	$ (45)			45
Voluntary conversion of preferred stock to common stock, Shares			(6,634)	228
Reversal of previously accrued dividends on preferred stock		2,667				2,667
Settlement of accrued dividends on preferred stock		2,976				2,976
Settlement of accrued dividends on preferred stock, (in shares)				229,605
Conversion of preferred stock to common stock		174,849	$ (174,723)			174,849
Conversion of preferred stock to common stock -Shares			(30,049,053)	1,012,093
Other		(11)				(11)
Other, (in shares)				(901)
Net income (loss)		(27,723)						(27,723)
Balances at Jun. 30, 2023		253,665		$ 1	[1]	957,778	[1]	(694,414)	(9,700)
Balances (in Shares) at Jun. 30, 2023	[1]			10,135,675
Balances at Dec. 31, 2023		257,223		$ 1		969,641		(702,719)	(9,700)
Balances (in Shares) at Dec. 31, 2023				10,412,294
Stock-based compensation		14,028				14,028
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings		(3,007)				(3,007)
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)				533,364
Net income (loss)		10,212						10,212
Balances at Jun. 30, 2024		278,456		$ 1		980,662		(692,507)	(9,700)
Balances (in Shares) at Jun. 30, 2024				10,945,658
Balances at Mar. 31, 2024		270,458		$ 1		975,801		(695,644)	(9,700)
Balances (in Shares) at Mar. 31, 2024				10,787,923
Stock-based compensation		7,531				7,531
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings		(2,670)				(2,670)
Exercise of stock options and warrants and vesting of RSUs and PSUs, net of tax withholdings (in Shares)				157,735
Net income (loss)		3,137						3,137
Balances at Jun. 30, 2024		$ 278,456		$ 1		$ 980,662		$ (692,507)	$ (9,700)
Balances (in Shares) at Jun. 30, 2024				10,945,658
[1] Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.

Consolidated Statements of Re_2

Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Unaudited) (Parentheticals)		6 Months Ended
	Apr. 24, 2023	Jun. 30, 2023
Class A Common Stock [Member]
Exchange ratio	0.033	0.033

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 3,137	$ (27,723)	$ 10,212	$ (36,940)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Provision for losses on receivables	33,431	25,562	53,661	42,073
Depreciation and amortization expense	6,331	6,113	12,543	12,297
Change in deferred fees and costs, net	322	782	678	1,398
Change in fair value of warrants	81	(162)		(13)
Change in fair value of contingent consideration from mergers and acquisitions		(6,367)		(6,613)
Loss (gain) on foreign currency translation	44	(171)	(53)	(178)
Goodwill impairment loss		26,721		26,721
Stock compensation expense	7,531	5,250	14,028	10,955
Deferred income taxes	235	(400)	471	(493)
Changes in assets and liabilities:
Accrued interest receivable	(38)	(211)	(76)	(238)
Enterprise receivables, net	(5,527)	1,708	(7,067)	(2,422)
Other assets	3,117	5,610	1,753	4,360
Accounts payable and accrued liabilities	(1,103)	1,156	(3,359)	(8,649)
Other liabilities	237	(2,505)	(1,354)	(4,215)
Net cash provided by operating activities	47,798	35,363	81,437	38,043
Cash flows from investing activities:
Net originations and collections of finance receivables	(41,676)	(33,185)	(69,398)	(52,832)
Purchase of property and equipment and software development	(2,244)	(1,638)	(4,401)	(2,675)
Settlement of contingent consideration related to mergers and acquisitions		(766)		(1,116)
Net cash used in investing activities	(43,920)	(35,589)	(73,799)	(56,623)
Cash flows from financing activities:
Net proceeds from (repayments to) special purpose vehicle credit facilities			4,000	(24,000)
Repayments to secured/senior lenders		(5,000)		(5,000)
Payment of deferred financing costs		(154)		(154)
Payments related to the automatic conversion of redeemable convertible preferred stock (Series A) in lieu of fractional shares of common stock and dividends on preferred stock		(3,007)		(3,007)
Payments related to issuance of common stock related to exercise of stock options and warrants, net of tax withholdings related to vesting of stock-based compensation	(2,670)	(183)	(3,007)	(782)
Other		(12)		(12)
Net cash (used in) provided by financing activities	(2,670)	(8,356)	993	(32,955)
Net change in cash and restricted cash	1,208	(8,582)	8,631	(51,535)
Cash and restricted cash, beginning of period	101,902	110,756	94,479	153,709
Cash and restricted cash, end of period	103,110	102,174	103,110	102,174
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 6,400	7,043	12,848	14,508
Supplemental disclosure of non-cash investing and financing activities:
Voluntary conversion of preferred stock to common stock		45		45
Automatic conversion of redeemable convertible preferred stock (Series A) to common stock		174,849		174,849
Reversal of previously accrued / (accrued) dividends on preferred stock		2,667		690
Issuance of common stock to settle accrued dividends on preferred stock and Preferred Stock Equivalents		3,280		3,280
Equity issued as consideration for mergers and acquisitions		1,744		1,864
Equity issued as settlement of contingent consideration related to Malka Acquisition		1		1,914
Equity issued as settlement of contingent consideration related to Engine Acquisition		$ 1,440		$ 1,440
Lease liabilities incurred in exchange for operating right-of-use assets			$ 8,885

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,137	$ (27,723)	$ 10,212	$ (36,940)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Item 5. Other Information Rule 10b5-1 Trading Arrangements During the three months ended June 20, 2024, the officer set forth below adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading arrangement was entered into in writing during an open trading window under our Insider Trading Policy, has a trading period of at least one year, and is subject to a mandatory cooling off period as required by Rule 10b5-1. Shares in the Rule 10b5-1 trading arrangement underlying restricted stock units (“RSUs”) and performance share units (“PSUs”) may only be sold following satisfaction of the applicable time-based and performance-based vesting requirements. In addition, due to limit price requirements and timing conditions in certain of the Rule 10b5-1 trading arrangements, it is not yet determinable how many shares of Class A Common Stock will actually be sold under such Rule 10b5-1 trading arrangement prior to its expiration date, as indicated below. On May 24, 2024 , Adam VanWagner , our Chief Legal Officer , adopted a Rule 10b5-1 trading arrangement for the sale of up to: (i) 5,702 shares of Class A Common Stock; and (ii) the net shares (not yet determinable) after shares are withheld to satisfy tax obligations upon the vesting of 27,853 RSUs and, subject to the achievement of the applicable performance goals within a range of 80% to 120% of the awarded PSUs with respect to PSUs which have not yet been earned, 21,954 PSUs. This Rule 10b5-1 trading arrangement is scheduled to expire on September 30, 2025 .
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 24, 2024
AdamVanwagner
Trading Arrangements, by Individual
Name	Adam VanWagner
Title	Chief Legal Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 24, 2024
Aggregate Available	5,702
Trading Arrangement Expiration Date	September 30, 2025

Description of Business and Bas

Description of Business and Basis Of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION MoneyLion Inc. (“MoneyLion” or the “Company”) was founded in 2013 and is headquartered in New York, New York. On September 22, 2021, MoneyLion Inc., formerly known as Fusion Acquisition Corp., consummated a business combination (the “Business Combination”) with MoneyLion Technologies Inc., formerly known as MoneyLion Inc. Following the Business Combination, MoneyLion Inc. became a publicly traded company, with MoneyLion Technologies Inc. continuing the existing business operations as a subsidiary of MoneyLion Inc. MoneyLion Inc.’s Class A common stock, par value $ 0.0001 per share (the “Class A Common Stock”), is listed on the New York Stock Exchange (the “NYSE”) under the ticker symbol “ML.” “MALKA” refers to Malka Media Group LLC, a wholly-owned subsidiary of MoneyLion Technologies Inc., and “Engine” refers to ML Enterprise Inc., doing business as the brand “Engine by MoneyLion,” a wholly-owned subsidiary of MoneyLion Technologies Inc. which was previously named “Even Financial Inc.” and subsequently renamed in February 2023. MoneyLion is a leader in financial technology, powering the next generation of personalized products and financial content for American consumers. MoneyLion designs and offers modern personal finance products, tools and features and curate money-related content that delivers actionable insights and guidance to its users. MoneyLion also operates and distributes embedded finance marketplace solutions that match consumers with personalized third-party offers from its partners, providing convenient access to an expansive breadth of financial solutions that enable consumers to borrow, spend, save and achieve better financial outcomes. In addition, MoneyLion provides creative media and brand content services to clients across industries through its media division and leverages its adaptive, in-house content studio to produce and deliver engaging and dynamic content in support of MoneyLion's product and service offerings. Basis of Presentation —The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). The consolidated financial statements include the accounts of MoneyLion Inc. and its wholly owned subsidiaries and consolidated variable interest entities (“VIEs”) for which the Company is the primary beneficiary. All intercompany transactions and balances have been eliminated in consolidation. The Company does not have any items of other comprehensive income (loss); therefore, there is no difference between net income (loss) and comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023. Reverse Stock Split —On April 24, 2023, the Company amended the Company’ s Fourth Amended and Restated Certificate of Incorporation (as amended from time to time, the “Certificate of Incorporation”) to effect, effective as of 5:01 p.m. Eastern Time on April 24, 2023, a 1-for-30 reverse stock split (the “Reverse Stock Split”) of the Class A Common Stock. At the effective time of the Reverse Stock Split, every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock , and the total number of shares of Class A Common Stock authorized for issuance was reduced by a corresponding proportion from 2,000,000,000 shares to 66,666,666 shares . The Reverse Stock Split was approved by the Company ’s stockholders at a Special Meeting of Stockholders on April 19, 2023 and approved by the Board of Directors on April 21, 2023. The primary goal of the Reverse Stock Split was to increase the per share price of the Class A Common Stock in order to meet the minimum per share price requirement for continued listing on the NYSE. The Class A Common Stock began trading on the NYSE on an as-adjusted basis on April 25, 2023 under the existing trading symbol “ML.” In addition, as a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of Class A Common Stock underlying the Company’s outstanding equity awards, the number of shares issuable upon the exercise of the Company’s outstanding warrants and the number of shares issuable under the Company’s equity incentive plans and certain existing agreements, as well as the exercise, grant and acquisition prices of such equity awards and warrants, as applicable. Furthermore, proportionate adjustments were made to the conversion factor at which the Company’s previously outstanding Series A Convertible Preferred Stock, par value $ 0.0001 per share (the “Series A Preferred Stock”), were converted to Class A Common Stock. The total number of shares of preferred stock of the Company authorized for issuance remained at 200,000,000 . Stockholders who would have been entitled to receive fractional shares as a result of the Reverse Stock Split were instead entitled to a cash payment in lieu thereof at a price equal to the fraction of one share to which the stockholder was otherwise entitled multiplied by the closing price per share of the Class A Common Stock on the NYSE on the effective date of the Reverse Stock Split. The effects of the Reverse Stock Split have been reflected in these consolidated financial statements and the accompanying footnotes for all periods presented, which includes adjusting the description of any activity that may have been transacted on a pre-Reverse Stock Split basis.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In the opinion of the Company, the accompanying consolidated financial statements contain all adjustments, consisting of normal recurring adjustments and adjustments to eliminate intercompany transactions and balances, necessary for a fair presentation of its financial position and its results of operations, changes in redeemable convertible preferred stock and stockholders’ equity and cash flows. The Company’s accounting policies are set forth in Note 2, “Summary of Significant Accounting Policies” of the Company’s Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Included herein are certain updates to those policies and the related disclosures. Revenue Recognition and Related Receivables— The following table summarizes revenue by type for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Consumer revenues Service and subscription fees $ 89,444 $ 66,268 $ 174,653 $ 128,706 Net interest income on finance receivables 2,956 3,304 5,889 6,232 Total consumer revenues 92,400 69,572 180,542 134,938 Enterprise service revenues 38,446 36,969 71,310 65,272 Total revenue, net $ 130,846 $ 106,541 $ 251,852 $ 200,210 Fair Value of Financial Instruments— Accounting Standards Codification (“ASC”) 820, Fair Value Measurement (“ASC 820”), provides a single definition of fair value and a common framework for measuring fair value as well as disclosure requirements for fair value measurements used in financial statements. Under ASC 820, fair value is determined based upon the exit price that would be received by a company to sell an asset or paid by a company to transfer a liability in an orderly transaction between market participants, exclusive of any transaction costs. Fair value measurements are determined by either the principal market or the most advantageous market. The principal market is the market with the greatest level of activity and volume for the asset or liability. Absent a principal market to measure fair value, the Company uses the most advantageous market, which is the market from which the Company would receive the highest selling price for the asset or pay the lowest price to settle the liability, after considering transaction costs. However, when using the most advantageous market, transaction costs are only considered to determine which market is the most advantageous and these costs are then excluded when applying a fair value measurement. ASC 820 creates a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below, with Level 1 having the highest priority and Level 3 having the lowest. Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active for identical or similar assets and liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Valuations are based on inputs that are unobservable and significant to the overall fair value measurement of the assets or liabilities. Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. The Company had no assets measured at fair value on a recurring or non-recurring basis as of June 30, 2024 or December 31, 2023. The Private Placement Warrants (as defined herein) were measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 and are further described in Note 13, “Stock Warrants.” The Company had no liabilities measured at fair value on a non-recurring basis as of June 30, 2024 or December 31, 2023 . There have been no transfers between levels during the six months ended June 30, 2024 and 2023. The Company also has financial instruments which are not measured at fair value. The Company has evaluated cash (Level 1), restricted cash (Level 1) and consumer receivables, net (Level 3) and believes the carrying value approximates the fair value due to the short-term nature of these balances. The carrying value of the secured loans approximates their fair value based on the relatively short duration these instruments have been outstanding and the secured loans' variable interest rate based on market rates. The carrying value of other debt approximates its fair value based on the relatively short duration these instruments have been outstanding and availability of alternative financing sources at similar interest rates with the same terms. The fair value of secured loans and other debt would be based on Level 2 fair value measurements. Recently Adopted Accounting Pronouncements— The Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which, along with subsequent related ASUs, creates a new credit impairment standard for financial assets measured at amortized cost and available-for-sale debt securities. The ASU requires financial assets measured at amortized cost (including loans, trade receivables and held-to-maturity debt securities) to be presented at the net amount expected to be collected, through an allowance for credit losses that are expected to occur over the remaining life of the asset, rather than incurred losses. The ASU requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a direct write-down. The measurement of credit losses for newly recognized financial assets (other than certain purchased assets) and subsequent changes in the allowance for credit losses are recorded in the statement of operations as the amounts expected to be collected change. The Company adopted ASU 2016-13 and the related subsequent ASUs effective January 1, 2023 , and applied the changes prospectively, recognizing a cumulative-effect adjustment to the beginning balance of retained earnings as of the adoption date. Upon adoption, the Company increased consumer receivables, net by $ 692 , decreased enterprise receivables, net by $ 187 and reduced accumulated deficit by $ 505 . The adoption of the new guidance did no t impact the Company’s unaudited consolidated interim statements of operations or cash flows. Recently Issued Accounting Pronouncements Not Yet Adopted— The Company currently qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012. Accordingly, the Company has the option to adopt new or revised accounting guidance either (i) within the same periods as those otherwise applicable to non-emerging growth companies or (ii) within the same time periods applicable to private companies. The Company has elected to adopt new or revised accounting guidance within the same time period as private companies, unless, as indicated below, management determines it is preferable to take advantage of early adoption provisions offered within the applicable guidance. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The guidance expands the disclosures required for reportable segments in the Company's annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses. The standard will be effective for the Company beginning with the Company's annual reporting for fiscal year 2025 and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact of this standard on its disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The guidance requires disclosure of disaggregated income taxes paid, prescribes standardized categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. The standard will be effective for the Company beginning with the Company's annual reporting for fiscal year 2026 and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact of this standard on its income tax disclosures.

Consumer Receivables

Consumer Receivables	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
CONSUMER RECEIVABLES	3. CONSUMER RECEIVABLES The Company’s finance receivables consist of secured personal loans and principal amounts of Instacash advances. Secured loan principal balances are either partially or fully deposited into an escrow account upon origination with any remaining balance being given to the borrower. The funds in the escrow account may be used to pay the secured personal loan in full or can be released to the borrower once the secured personal loan is paid in full. Until such time, the funds in the escrow account may be collected by the Company in the event the borrower becomes contractually past due. Accrued interest receivables represent the interest accrued on the loan receivables based upon the daily principal amount outstanding except for loans that are on nonaccrual status. The Company’s policy is to suspend recognition of interest income on secured personal loans and place the secured personal loan on nonaccrual status when the account is more than 60 days past due on a contractual basis or when, in the Company’s estimation, the collectability of the account is uncertain, and the account is less than 90 days contractually past due. The Company has elected to not measure an allowance for losses on accrued interest receivable. Any accrued interest receivable that becomes 90 days past due on a contractual basis is charged-off by reversing net interest income on loan receivables. Net charge-offs of accrued interest income were $ 272 and $ 366 for the three months ended June 30, 2024 and 2023 and $ 509 and $ 673 for the six months ended June 30, 2024 and 2023. Fees receivable represent the amounts due to the Company for tips and instant transfer fees related to the Instacash earned wage access product. Subscription receivables represent the amounts billed to customers for subscription services. The credit quality and future repayment of consumer receivables are dependent upon the customer’s ability to perform under the terms of the agreement. Factors such as unemployment rates and housing values, among others, may impact the customer’s ability to perform under the loan or Instacash advance terms though no direct correlation between charge-off rates and these factors has been identified in the Company's analysis. When assessing provision for losses on consumer receivables, the Company takes into account the composition and delinquency status of the outstanding consumer receivables and the related forecasted principal loss rates based on recent historical experience. Recent historical loss rates are updated on a quarterly basis. Charge-offs of consumer receivable balances occur after becoming 90 days past contractually due unless specific circumstances are identified on an individual or group of receivables that indicate charge-off is not appropriate. The level of exceptions to charge-offs occurring once 90 days past due is not material. Consumer receivable charge-offs typically occur within one year of origination. The tables below show consumer receivables balances as of June 30, 2024 and December 31, 2023 and the consumer receivables activity, charge-off rates and aging by product for the three and six months ended June 30, 2024 and 2023. Consumer receivables consisted of the following: June 30, December 31, 2024 2023 Loan receivables $ 75,085 $ 66,815 Instacash receivables 139,992 120,336 Finance receivables 215,077 187,151 Fees receivable 16,664 16,137 Subscription receivables 4,170 3,491 Deferred loan origination costs 69 86 Accrued interest receivable 1,378 1,302 Consumer receivables, before allowance for credit losses $ 237,358 $ 208,167 Changes in the allowance for losses on loan receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 4,608 $ 5,791 $ 5,761 $ 5,784 Provision for credit losses on receivables 1,032 2,083 1,400 3,603 Loan receivables charged off ( 1,572 ) ( 2,568 ) ( 3,722 ) ( 6,757 ) Recoveries 453 943 1,082 3,619 Ending balance $ 4,521 $ 6,249 $ 4,521 $ 6,249 Changes in the allowance for losses on Instacash receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 26,645 $ 19,686 $ 25,992 $ 23,240 Provision for credit losses on receivables 26,741 18,421 44,337 28,502 Instacash receivables charged off ( 26,214 ) ( 19,770 ) ( 49,250 ) ( 39,598 ) Recoveries 4,325 3,974 10,418 10,167 Ending balance $ 31,497 $ 22,311 $ 31,497 $ 22,311 Changes in the allowance for losses on fees receivable were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 1,999 $ 1,018 $ 2,552 $ 908 Provision for credit losses on receivables 3,931 3,869 5,526 8,043 Fees receivable charged off ( 3,400 ) ( 3,300 ) ( 6,333 ) ( 8,125 ) Recoveries 581 513 1,366 1,274 Ending balance $ 3,111 $ 2,100 $ 3,111 $ 2,100 Changes in the allowance for losses on subscription receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 1,051 $ 978 $ 1,024 $ 1,292 Provision for credit losses on receivables 1,727 1,189 2,398 1,925 Subscription receivables charged off ( 1,915 ) ( 1,365 ) ( 3,077 ) ( 2,721 ) Recoveries 531 293 1,049 599 Ending balance $ 1,394 $ 1,095 $ 1,394 $ 1,095 The following is an assessment of the repayment performance of loan receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the loan receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 65,229 86.9 % $ 58,980 88.2 % Delinquency: 31 to 60 days 5,357 7.1 % 4,451 6.7 % 61 to 90 days 4,499 6.0 % 3,384 5.1 % Total delinquency 9,856 13.1 % 7,835 11.8 % Loan receivables before allowance for credit losses $ 75,085 100.0 % $ 66,815 100.0 % Loan receivables that are 61 to 90 days contractually past due are placed on non-accrual status. The following is an assessment of the repayment performance of Instacash receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the Instacash receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 117,112 83.7 % $ 104,541 86.9 % Delinquency: 31 to 60 days 13,033 9.3 % 8,829 7.3 % 61 to 90 days 9,847 7.0 % 6,966 5.8 % Total delinquency 22,880 16.3 % 15,795 13.1 % Instacash receivables before allowance for credit losses $ 139,992 100.0 % $ 120,336 100.0 % The following is an assessment of the repayment performance of fees receivable as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the fees receivable portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 13,644 81.9 % $ 13,971 86.6 % Delinquency: 31 to 60 days 1,700 10.2 % 1,197 7.4 % 61 to 90 days 1,320 7.9 % 969 6.0 % Total delinquency 3,020 18.1 % 2,166 13.4 % Fees receivable before allowance for credit losses $ 16,664 100.0 % $ 16,137 100.0 % The following is an assessment of the repayment performance of subscription receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the subscription receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 3,136 75.2 % $ 2,786 79.8 % Delinquency: 31 to 60 days 693 16.6 % 407 11.7 % 61 to 90 days 341 8.2 % 298 8.5 % Total delinquency 1,034 24.8 % 705 20.2 % Subscription receivables before allowance for credit losses $ 4,170 100.0 % $ 3,491 100.0 %

Sale Of Consumer Receivables

Sale Of Consumer Receivables	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
SALE OF CONSUMER RECEIVABLES	4. SALE OF CONSUMER RECEIVABLES On June 30, 2024 (the “Closing Date”), ML Plus LLC, an indirect, wholly-owned subsidiary of the Company (the “Seller”), entered into a Master Receivables Purchase Agreement (the “Purchase Agreement”) with Sound Point Capital Management LP, as purchaser agent (“Sound Point”), and SP Main Street Funding I LLC and each additional purchaser from time to time party thereto, as purchasers (the “Purchasers”). The Purchase Agreement provides for the purchase, subject to certain conditions precedent, by the Purchasers from time to time during the term of the Purchase Agreement, on a committed basis, of a majority of the Company’s eligible Instacash receivables, subject to certain concentration limits, up to an aggregate facility limit of $ 175,000,000 , which amount may be increased by up to $ 75,000,000 . The obligations of the Seller under the Purchase Agreement will be guaranteed by MoneyLion Technologies Inc., a direct, wholly-owned subsidiary of the Company. The Purchase Agreement terminates on the two-year anniversary of the Closing Date and may be extended for an additional one-year period upon mutual agreement of the Seller and Sound Point. The initial price at which the Purchasers will purchase the eligible Instacash receivables with respect to each monthly cohort is based on the average loss rate at 360 days past the repayment date of the three most recent matured monthly cohorts and will be subject to adjustment for future monthly cohorts based on the performance of monthly cohorts at specified intervals past the repayment date compared to the expected loss rates of the reference matured monthly cohorts established at sale and a fixed discount percentage. The Seller will pay the Purchasers a non-refundable fee, payable monthly, equal to 2.00 % times the daily average available facility limit, subject to a maximum aggregate amount of $ 1,750,000 . The Purchase Agreement contains customary representations and warranties; repurchase rights and obligations of the Seller upon the occurrence of certain events (subject to specified limitations); affirmative and negative covenants, including, among other things, financial reporting and notice requirements and restrictions on the ability of the Seller to incur liens on the purchased receivables; and events of default (subject to specified cure provisions), the occurrence of which will give Sound Point the right to terminate the Purchase Agreement. In connection with the Seller’s entry into the Purchase Agreement, on the Closing Date, MoneyLion Technologies Inc. (in such capacity, the “Servicer”) entered into a Servicing Agreement (the “Servicing Agreement”) with Sound Point and the Purchasers pursuant to which the Purchasers appointed the Servicer to, among other things, service the purchased Instacash receivables in accordance with agreed upon servicing guidelines, collect and remit collections therefrom and provide certain reporting and other information relating to its servicing duties. The Seller will receive a fixed percentage of net collections. No Instacash receivables were sold under the Purchase Agreement during the three and six months ended June 30, 2024.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment consisted of the following: June 30, December 31, 2024 2023 Leasehold improvements $ 1,871 $ 1,932 Furniture and fixtures 260 361 Computers and equipment 2,773 2,551 4,904 4,844 Less: accumulated depreciation ( 2,943 ) ( 2,980 ) Property and equipment, net $ 1,961 $ 1,864 Total depreciation expense related to property and equipment was $ 205 and $ 283 for the three months ended June 30, 2024 and 2023, respectively, and $ 391 and $ 587 for the six months ended June 30, 2024 and 2023 , respectively.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	6. INTANGIBLE ASSETS Intangible assets consisted of the following: June 30, December 31, Useful Life 2024 2023 Proprietary technology and capitalized internal-use software 3 - 7 years $ 46,969 $ 43,105 Work in process 1,706 1,695 Customer relationships 10 - 15 years 160,500 160,500 Trade names 9 - 15 years 15,960 15,960 Less: accumulated amortization ( 56,833 ) ( 44,719 ) Intangible assets, net $ 168,302 $ 176,541 The Company capitalizes certain internal-use software development costs, consisting primarily of contractor costs and employee salaries and benefits allocated to the software. Capitalization of costs incurred in connection with internally developed software commences when both the preliminary project stage is completed and management has authorized further funding for the project, based on a determination that it is probable the project will be completed and used to perform the function intended. Costs incurred for enhancements that are expected to result in additional functionalities are capitalized in a similar manner. Capitalization of costs ceases no later than the point at which the project is substantially complete and ready for its intended use, at which point amortization of capitalized costs begins. All other costs are expensed as incurred. Costs capitalized in connection with internal-use software were $ 2,052 and $ 1,689 for the three months ended June 30, 2024 and 2023, respectively, and were $ 3,912 and $ 2,851 during the six months ended June 30, 2024 and 2023, respectively. For the three months ended June 30, 2024 and 2023, total amortization expense was $ 6,126 and $ 5,830 , respectively. For the six months ended June 30, 2024 and 2023, total amortization expense was $ 12,152 and $ 11,710 , respectively. The following table summarizes estimated future amortization expense of intangible assets placed in service at June 30, 2024 for the years ending: Remainder of 2024 $ 12,318 2025 24,636 2026 24,636 2027 24,064 2028 21,755 Thereafter 59,187 $ 166,596

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2024
Other Assets [Abstract]
OTHER ASSETS	. OTHER ASSETS Other assets consisted of the following: June 30, December 31, 2024 2023 Receivable from payment processors $ 29,502 $ 37,362 Prepaid expenses 5,241 5,987 Operating lease right-of-use assets 13,521 6,159 Other 4,226 4,051 Total other assets $ 52,490 $ 53,559

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
DEBT	8. DEBT The Company’s debt as of June 30, 2024 and December 31, 2023 is presented below: June 30, December 31, 2024 2023 Monroe Term Loans $ 65,000 $ 65,000 Unamortized discounts and debt issuance costs ( 518 ) ( 666 ) Total secured loans, net $ 64,482 $ 64,334 ROAR 1 SPV Credit Facility $ 66,500 $ 64,500 ROAR 2 SPV Credit Facility 64,500 62,500 Unamortized discounts and debt issuance costs ( 1,068 ) ( 1,581 ) Total other debt, net $ 129,932 $ 125,419 For more information regarding debt instruments outstanding as of December 31, 2023, see Note 7, “Debt” in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Monroe Term Loans— The Monroe Term Loans (as defined below) are comprised of term loans with a principal balance of $ 65.0 million (the “Term A-1 Loans”) and term loans that were fully repaid during 2023 (the “Term A-2 Loans” and together with the Term A-1 Loans, the “ Monroe Term Loans”). The interest rate as of June 30, 2024 on the Term A-1 Loans was 12.33 % . Other Debt— In September 2021, ROAR 1 SPV Finance LLC, an indirect wholly owned subsidiary of the Company (the “ROAR 1 SPV Borrower”), entered into a $ 100,000 credit agreement, which, during the first quarter of 2024, decreased to $ 80,000 (the “ROAR 1 SPV Credit Facility”), with a lender for the funding of finance receivables, which secure the ROAR 1 SPV Credit Facility. The ROAR 1 SPV Credit Facility allows for increases in maximum borrowings under the agreement of up to $ 200,000 , bears interest at a rate of 12.5 % and matures in March 2025 , unless it is extended to March 2026. Under the terms of the ROAR 1 SPV Credit Facility, the ROAR 1 SPV Borrower is subject to certain covenants including minimum asset requirements to be held by ROAR 1 SPV Borrower.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
LEASES	9. LEASES The Company is party to operating leases for all of its offices. Many leases contain options to renew and extend lease terms and options to terminate leases early. Reflected in the right-of-use asset and lease liability on the consolidated balance sheets are the periods provided by renewal and extension options that the Company is reasonably certain to exercise, as well as the periods provided by termination options that the Company is reasonably certain not to exercise. All long-term leases identified by the Company are classified as operating leases. Lease expenses related to long-term leases were $ 1,283 and $ 785 for the three months ended June 30, 2024 and 2023, respectively, and $ 2,387 and $ 1,581 for the six months ended June 30, 2024 and 2023, respectively. Short-term lease expense and variable lease expense were not material for the three and six months ended June 30, 2024 and 2023 . Net rental income from subleases of $ 166 and $ 332 was recorded in other income for the three and six months ended June 30, 2024 and was not material for the three and six months ended June 30, 2023. Maturities of the Company’s long-term operating lease liabilities, which are included in other liabilities on the consolidated balance sheet, were as follows: June 30, 2024 Remainder of 2024 $ 2,295 2025 4,706 2026 3,486 2027 3,334 2028 3,271 Thereafter 2,939 Total lease payments 20,031 Less: imputed interest 5,333 Lease liabilities $ 14,698 Weighted-average remaining lease term (years) 4.7 Weighted-average discount rate 13.3 %

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES In calculating the provision for income taxes, the Company uses an estimate of the annual effective tax rate based upon the facts and circumstances known at the interim period. The effective tax rate for the six months ended June 30, 2024 was - 27.7 % and 0.8 % for the six months ended June 30, 2023. The decrease in the effective tax rate for the six months ended June 30, 2024 compared to the six months ended June 30, 2023 was primarily attributable to the change in the valuation allowance and certain discrete items related to stock-based compensation.

Common and Preferred Stock

Common and Preferred Stock	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
COMMON AND PREFERRED STOCK	11. COMMON AND PREFERRED STOCK Class A Common Stock— Each holder of the shares of Class A Common Stock is entitled to one vote for each share of Class A Common Stock held of record by such holder on all matters on which stockholders generally are entitled to vote, as provide by the Company’s Certificate of Incorporation (as amended from time to time). The holders of the shares of Class A Common Stock do not have cumulative voting rights in the election of directors. Generally, all matters to be voted on by the holders of Class A Common Stock must be approved by a majority (or, in the case of election of directors, by a plurality) of the votes entitled to be cast present in person or represented by proxy, unless otherwise specified by law, the Company’s Certificate of Incorporation or the Company's Amended and Restated Bylaws (as amended from time to time). Subject to preferences that may be applicable to any outstanding preferred stock, the holders of shares of Class A Common Stock are entitled to receive ratably such dividends, if any, as may be declared from time to time by MoneyLion’s Board of Directors out of funds legally available therefor. In the event of any voluntary or involuntary liquidation, dissolution or winding up of MoneyLion’s affairs, the holders of the shares of Class A Common Stock are entitled to share ratably in all assets remaining after payment of MoneyLion’s debts and other liabilities, subject to prior distribution rights of preferred stock or any class or series of stock having a preference over the shares of Class A Common Stock, then outstanding, if any. The holders of shares of Class A Common Stock have no preemptive or conversion rights or other subscription rights. There are no redemption or sinking fund provisions applicable to the shares of Class A Common Stock. The rights, preferences and privileges of holders of shares of Class A Common Stock will be subject to those of the holders of any shares of the preferred stock MoneyLion may issue in the future. Series A Preferred Stock —Prior to the Automatic Conversion Event (as described below), the Company had shares of Series A Preferred Stock outstanding. Holders of the shares of Series A Preferred Stock (other than certain regulated holders subject to the Bank Holding Company Act of 1956, as amended) were entitled to vote as a single class with the holders of the Class A Common Stock and the holders of any other class or series of capital stock of MoneyLion then entitled to vote. Holders of the Series A Preferred Stock were entitled to a 30 cent cumulative annual dividend per share, payable at the Company’s election in either cash or Class A Common Stock (or a combination thereof), with any dividends on the Class A Common Stock valued based on the per share volume-weighted average price of the shares of Class A Common Stock on the NYSE for the 20 trading days ending on the trading day immediately prior to the dividend payment date. Holders of the Series A Preferred Stock were entitled to a liquidation preference in the event of the Company's liquidation equal to the greater of $ 10.00 per share or the amount per share that such holder would have received had the Series A Preferred Stock been converted into Class A Common Stock immediately prior to the liquidation. Shares of Series A Preferred Stock were convertible into shares of Class A Common Stock on a one-for-thirty basis, subject to customary anti-dilution adjustments. The Series A Preferred Stock was convertible (i) at any time upon the holder’s election and (ii) automatically in the event that the per share volume-weighted average price of the shares of Class A Common Stock on the NYSE equaled or exceeded $ 10.00 on any 20 trading days (consecutive or nonconsecutive) within any consecutive 30 trading day period ending no later than the last day of the lockup period applicable to such shares of Series A Preferred Stock. As of the close of trading on the NYSE on May 26, 2023, the per share volume-weighted average price of the shares of Class A Common Stock on the NYSE equaled or exceeded $ 10.00 for the twentieth trading day within a consecutive thirty trading day period ending no earlier than the last day of the lockup period applicable to such shares of Series A Preferred Stock (the “Automatic Conversion Event”). Accordingly, as a result of the Automatic Conversion Event, following the close of trading on the NYSE on May 26, 2023, all 30,049,053 shares of Series A Preferred Stock issued and outstanding automatically converted into 1,012,293 shares of newly issued Class A Common Stock based on the conversion rate provided in the Certificate of Designations of the Series A Preferred Stock (the “Certificate of Designations”). In lieu of any fractional shares otherwise issuable to any holder of the Series A Preferred Stock, the Company issued cash in accordance with the terms of the Certificate of Designations. On June 30, 2023, the Company paid the accrued annual dividend on the previously outstanding shares of Series A Preferred Stock for the dividend payment period ending December 31, 2022 to all holders of record as of the applicable dividend record date (the “2022 Annual Dividend”). The 2022 Annual Dividend was paid in a mixture of Class A Common Stock and cash through the issuance of 229,605 shares of Class A Common Stock and payment of approximately $ 3.0 million of cash.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	12. STOCK-BASED COMPENSATION Omnibus Incentive Plan At the Company’s 2022 Annual Meeting of Stockholders (the “2022 Annual Meeting”), Company stockholders approved the Company’s Amended and Restated Omnibus Incentive Plan (as may be amended or restated from time to time, the “Incentive Plan”), as further described in the Company’s Definitive Proxy Statement for the 2022 Annual Meeting, filed with the SEC on April 29, 2022. Stock-based compensation of $ 7,531 and $ 5,250 was recognized during the three months ended June 30, 2024 and 2023, respectively, and stock-based compensation of $ 14,028 and $ 10,955 was recognized during the six months ended June 30, 2024 and 2023, respectively. The number of units awarded under the Incentive Plan are generally based on a weighted average of the Class A Common Stock in the days leading up to the grant. Fair values for restricted stock units (“RSUs”) and performance stock units (“PSUs”) based on the Company’s operating performance are valued based on the price of the Class A Common Stock at the time of grant. Fair values for options are calculated using a Black-Scholes option pricing model and PSUs with market conditions are fair valued using a Monte Carlo simulation model. The following table represents activity within the Incentive Plan for the six months ended June 30, 2024: Type Vesting Conditions Units Granted Weighted Average Grant Date Fair Value Weighted Average Strike Price Restricted Stock Unit Service-based 374,776 $ 52.75 n/a Performance Stock Unit Service and performance-based 85,090 $ 52.55 n/a The following table represents outstanding equity awards as of June 30, 2024: Type Vesting Conditions Units Outstanding Weighted Average Grant Date Fair Value Weighted Average Strike Price Restricted Stock Unit Service-based 923,396 $ 39.10 n/a Performance Stock Unit Service and performance-based 230,159 $ 33.08 n/a Performance Stock Unit Service and market-based 248,894 $ 13.99 n/a Options Service-based 534,857 $ 20.81 $ 31.73

Stock Warrants

Stock Warrants	6 Months Ended
	Jun. 30, 2024
Stock Warrants [Abstract]
STOCK WARRANTS	13. STOCK WARRANTS Public Warrants and Private Placement Warrants As a result of the Business Combination, MoneyLion acquired from Fusion Acquisition Corp., as of September 22, 2021, public warrants outstanding to purchase an aggregate of 583,333 shares of the Class A Common Stock (the “Public Warrants”) and private placement warrants outstanding to purchase an aggregate of 270,000 shares of the Class A Common Stock (the “Private Placement Warrants”) that expire on September 22, 2026. The Public Warrants meet the conditions for equity classification in accordance with ASC 815-40. The Private Placement Warrants are accounted for as liabilities in accordance with ASC 815-40 and are presented within warrant liability on the consolidated balance sheets. The warrant liability is measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrants liability in the consolidated statement of operations. The Private Placement Warrants are valued based on the per warrant price of the Public Warrants, subject to adjustments to account for differences in contractual terms between the Private Placement Warrants and the Public Warrants. The per warrant price of the Public Warrants as of June 30, 2024 was $ 0.10 . The following table presents the changes in the liability related to the Private Placement Warrants: Private Placement Warrants Warrants payable balance, December 31, 2023 $ 810 Mark-to-market adjustment - Warrants payable balance, June 30, 2024 $ 810 For more information regarding the Public Warrants and Private Placement Warrants, see Note 12, “Stock Warrants” in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 .

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	14. NET INCOME (LOSS) PER SHARE The following table sets forth the computation of net income (loss) per share of Class A Common Stock for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income (loss) $ 3,137 $ ( 27,723 ) $ 10,212 $ ( 36,940 ) Reversal of previously accrued dividends on preferred stock — 2,667 — 690 Net income (loss) attributable to common shareholders $ 3,137 $ ( 25,056 ) $ 10,212 $ ( 36,250 ) Denominator: Weighted-average common shares outstanding - basic 10,862,853 9,234,238 10,694,635 8,944,836 Plus: dilutive effect of common stock equivalents 1,228,568 — 1,260,340 — Weighted-average common shares outstanding - diluted 12,091,421 9,234,238 11,954,975 8,944,836 Net income (loss) per share attributable to common stockholders - basic $ 0.29 $ ( 2.71 ) $ 0.95 $ ( 4.05 ) Net income (loss) per share attributable to common stockholders - diluted $ 0.26 $ ( 2.71 ) $ 0.85 $ ( 4.05 ) For the three and six months ended June 30, 2024 , 168,942 and 216,498 , respectively, options to purchase Class A Common Stock and other rights to acquire Class A Common Stock were outstanding and anti-dilutive and, therefore, are excluded from the computation of diluted net income per share attributable to common stockholders. In addition, 85,090 PSUs are excluded from the computation of diluted net income per share attributable to common stockholders as the contingency has not yet been satisfied for the three and six months ended June 30, 2024. All Public Warrants and Private Placement Warrants to purchase Class A Common Stock and rights to receive Earnout Shares (as defined below) are excluded from the computation of diluted net income per share attributable to common stockholders as the relevant purchase price and milestones, respectively, were above the average price of the Class A Common Stock during the three and six months ended June 30, 2024. For the three and six months ended June 30, 2023, the Company’s potentially dilutive securities, which include stock options, RSUs, PSUs, preferred stock, the rights to receive Earnout Shares (as defined below) and warrants to purchase shares of common stock, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same for the three and six months ended June 30, 2023. The following potential shares of Class A Common Stock have been excluded from the computation of diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Warrants to purchase common stock 853,330 853,330 853,330 853,330 PSUs, RSUs and options to purchase common stock 254,032 2,448,661 301,588 2,448,661 Right to receive Earnout Shares 583,333 583,333 583,333 583,333 Total common stock equivalents 1,690,695 3,885,324 1,738,251 3,885,324 In connection with the Business Combination, rights to receive Class A Common Stock (the “Earnout Shares”) were issued, with the right to receive Class A Common Stock contingent upon the Class A Common Stock reaching certain price milestones. 250,000 and 333,333 shares of Class A Common Stock will be issued if the Class A Common Stock share price equals or is greater than $ 375 and $ 495 , respectively, for twenty out of any thirty consecutive trading days. The right to receive the Earnout Shares will expire on September 22, 2026 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES Legal Matters— From time to time, the Company is subject to various claims and legal proceedings in the ordinary course of business, including lawsuits, arbitrations, class actions and other litigation. The Company is also the subject of various actions, inquiries, investigations and proceedings by regulatory and other governmental agencies. The outcome of any such legal and regulatory matters, including those discussed in this Note 15, is inherently uncertain, and some of these matters may result in adverse judgments or awards, including penalties, injunctions or other relief, which could materially and adversely impact the Company's business, financial condition, operating results and cash flows. See Part I, Item 1A “Risk Factors — Risks Relating to Legal and Accounting Matters — Unfavorable outcomes in legal proceedings may harm our business, financial condition, results of operations and cash flows” in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The Company has determined, based on its current knowledge, that the aggregate amount or range of losses that are estimable with respect to its legal proceedings, including the matters described below, would not have a material adverse effect on its business, financial position, results of operations or cash flows. As of June 30, 2024, amounts accrued were not material. Notwithstanding the foregoing, the ultimate outcome of legal proceedings involves judgments, estimates and inherent uncertainties, and cannot be predicted with certainty. It is possible that an adverse outcome of any matter could be material to the Company's business, financial position, results of operations or cash flows as a whole for any particular reporting period of occurrence. In addition, it is possible that a matter may prompt litigation or additional investigations or proceedings by other government agencies or private litigants. The Company holds a number of state licenses in connection with its business activities, and must also comply with other applicable compliance and regulatory requirements in the states where it operates. In most states where the Company operates, one or more regulatory agencies have authority with respect to regulation and enforcement of the Company's business activities under applicable state laws, and the Company may also be subject to the supervisory and examination authority of such state regulatory agencies. Examinations by state regulators have and may continue to result in findings or recommendations that require the Company, among other potential consequences, to provide refunds to customers or to modify its internal controls and/or business practices. In the ordinary course of its business, the Company is and has been from time to time subject to, and may in the future be subject to, governmental and regulatory examinations, information requests, investigations and proceedings (both formal and informal) in connection with various aspects of its activities by state agencies, certain of which could result in adverse judgments, settlements, fines, penalties, restitution, disgorgement, injunctions or other relief. The Company has responded to and cooperated with the relevant state agencies and will continue to do so in the future, as appropriate. On September 29, 2022, the Consumer Financial Protection Bureau (the “CFPB”) initiated a civil action in the United States District Court for the Southern District of New York (“SDNY”) against MoneyLion Technologies Inc., ML Plus LLC and the Company's 38 state lending subsidiaries, alleging violations of the Military Lending Act and the Consumer Financial Protection Act. The CFPB is seeking injunctive relief, redress for allegedly affected consumers and civil monetary penalties. On January 10, 2023, the Company moved to dismiss the lawsuit, asserting various constitutional and merits-based arguments. On June 13, 2023, the CFPB filed its first amended complaint, alleging substantially similar claims as those asserted in its initial complaint. On July 11, 2023, the Company moved to dismiss the lawsuit, again asserting various constitutional and merit-based arguments. On October 9, 2023, the Company moved for a stay of the action pending a decision from the United States Supreme Court in CFPB v. Community Financial Services Association of America, Ltd., No. 22-448 (U.S. argued Oct. 3, 2023) (“ CFSA ”). On December 1, 2023, the Court issued an order granting the Company’s motion and staying the action pending the United State Supreme Court’s decision in CFSA . On May 16, 2024, the Supreme Court decided CFSA . Accordingly, the Company’s motion to dismiss is now pending with the SDNY. The Company continues to maintain that the CFPB’s claims are meritless and is vigorously defending against the lawsuit. Nevertheless, at this time, the Company cannot predict or determine the timing or final outcome of this matter or the effect that any adverse determinations in the lawsuit may have on its business, financial condition, results of operations or cash flows. On July 21, 2023, Jeffrey Frommer, Lyusen Krubich, Daniel Fried and Pat Capra, the former equity owners of MALKA (collectively, the “Seller Members”), brought a civil action in the SDNY against MoneyLion Technologies Inc. alleging, among other things, breaches of the Membership Interest Purchase Agreement (the “MIPA”) governing the acquisition of MALKA (the “MALKA Acquisition”). Among other claims, the Seller Members allege that they are entitled to payment of $25.0 million of Class A Common Stock pursuant to the earnout provisions set forth in the MIPA, based on the Seller Members’ assertion that MALKA achieved certain financial targets for the year ended December 31, 2022 (such payment, the “2022 Earnout Payment”). The Company believes that the Seller Members are not entitled to any portion of the 2022 Earnout Payment under the terms of the MIPA and filed counterclaims against the Seller Members, alleging, among other things, fraud, negligent misrepresentation, conversion, breach of fiduciary duties and breach of contract and seeking compensatory damages and other remedies as a result of wrongdoing by the Seller Members. On October 17, 2023, the SDNY denied, in full, the Seller Members’ motion for a preliminary injunction to remove the restrictive legends on certain shares of Class A Common Stock previously issued to the Seller Members. Separately, on November 3, 2023, the Seller Members moved to dismiss the Company’s amended counterclaims and third-party complaint. On May 14, 2024, the SDNY denied the Seller Members’ motion to dismiss with respect to the Company’s counterclaims alleging fraud, negligent misrepresentation, breach of fiduciary duty and certain conversion and breach of contract claims. The SDNY dismissed certain of the Company’s counterclaims relating to declaratory judgment, unjust enrichment and conversion as duplicative of the fraud and misrepresentation counterclaims, as well as certain other breach of contract counterclaims. The Company continues to vigorously pursue its remaining counterclaims and defend against the Seller Members’ claims, which the Company believes are meritless. However, at this time, the Company cannot predict or determine the timing or final outcome of this matter or the effect that any adverse determinations in the lawsuit may have on its business, financial condition, results of operations or cash flows. On July 27, 2023, MassMutual Ventures US II LLC, Canaan X L.P., Canaan XI L.P., F-Prime Capital Partners Tech Fund LP and GreatPoint Ventures Innovation Fund II, L.P., each of which are former holders of the Company’s Series A Preferred Stock (collectively, the “Former Preferred Stockholders”), brought a civil action in the SDNY against MoneyLion Inc., the Company’s Board of Directors and certain officers asserting claims under Section 14(a) relating to the Definitive Proxy Statement we filed with the SEC on March 31, 2023 in connection with the Special Meeting of Stockholders relating to the 1-for-30 Reverse Stock Split of the Class A Common Stock effected on April 24, 2023 and related state law claims. On November 6, 2023, the Company filed a motion to dismiss the lawsuit in its entirety. On May 15, 2024, the SDNY granted the Company’s motion to dismiss the Former Preferred Stockholders’ complaint in its entirety. The SDNY dismissed the Former Preferred Stockholders’ claim under Section 14(a) of the Securities Exchange Act of 1934 for failure to state a claim and declined to exercise supplemental jurisdiction over the remaining state law claims, dismissing such state law claims without prejudice. On June 14, 2024, Canaan X L.P., Canaan XI L.P., GreatPoint Ventures Innovation Fund II, L.P. filed a notice of appeal with the United States Court of Appeals for the Second Circuit. The Company continues to believe that the Former Preferred Stockholders’ claims are meritless and intends to vigorously defend against the appeal if any Former Preferred Stockholders decide to pursue their appeal. Nevertheless, at this time, the Company cannot predict or determine the timing or final outcome of this matter or the effect that any adverse determinations in the lawsuit may have on its business, financial condition, results of operations or cash flows.

Mergers and Acquisitions

Mergers and Acquisitions	6 Months Ended
	Jun. 30, 2024
Mergers and Acquisitions [Abstract]
MERGERS AND ACQUISITIONS	16. MERGERS AND ACQUISITIONS Engine— On February 17, 2022, the Company completed the acquisition of all voting interest in Even Financial Inc., which was subsequently renamed to Engine. Engine powers the leading embedded finance marketplace solutions MoneyLion offers to its Enterprise Partners through which consumers are connected and matched with real-time, personalized financial product and service recommendations. At the closing of the Engine Acquisition, the equityholders and advisors of Even Financial Inc. were entitled to receive a payment from the Company of up to an aggregate of 8,000,000 shares of Series A Preferred Stock, based on the attributed revenue of Engine’s business during the 13-month period commencing January 1, 2022 (the “Earnout”), and certain recipients of options to acquire shares of the Company’s Class A common stock were entitled to receive dividend equivalents in lieu of receiving Series A Preferred Stock, subject to certain conditions (the “Preferred Stock Equivalents”). The $ 6,367 and $ 6,433 decline in fair value of the Earnout and the Preferred Stock Equivalents for the three and six months ended June 30, 2023, respectively, was included on the consolidated statement of operations as a component of the change in fair value of contingent consideration from mergers and acquisitions. In May 2023, the Earnout was settled through the issuance of 4,354,092 shares of Series A Preferred Stock, with cash paid in lieu of any fractional shares of Series A Preferred Stock. Cash payments relating to the settlement of the Earnout were $ 459 . In June 2023, the Preferred Stock Equivalents were settled through the issuance of 23,453 shares of Class A Common Stock, with cash paid in lieu of any fractional shares of Class A Common Stock. Cash payments relating to the settlement of the Preferred Stock Equivalents were $ 307 . Upon the Automatic Conversion Event , the MoneyLion Inc. Preferred Share Dividend Replacement Program governing the Preferred Stock Equivalents immediately and automatically terminated in accordance with its terms, following which all Preferred Stock Equivalents were forfeited. MALKA —On November 15, 2021, MoneyLion completed the MALKA Acquisition. MALKA is a creator network and content platform that provides digital media and content production services to us and to its own clients in entertainment, sports, gaming, live streaming and other sectors. The unsettled restricted shares payable relating to the MALKA Acquisition earnout and the related make-whole were settled during the first quarter of 2023. The $ 180 decline in fair value for the six months ended June 30, 2023 was included on the consolidated statement of operations as a component of the change in fair value of contingent consideration from mergers and acquisitions.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS The Company has evaluated subsequent events through August 6, 2024, the date on which these consolidated financial statements were available to be issued, and concluded that the following subsequent event was required to be disclosed: On August 2, 2024, ML Plus LLC, a wholly-owned indirect subsidiary of MoneyLion Inc., entered into the Third Amendment to Account Servicing Agreement (“Third Amendment”) with Pathward, N.A. (“Pathward”) to amend that certain Account Servicing Agreement, dated as of January 14, 2020 (as amended from time to time, the “Agreement”), pursuant to which ML Plus LLC provides its RoarMoney demand deposit accounts and debit cards with Pathward, as partner issuing bank (the “Program Services”), in order to enable the Company to offer overdraft protection in connection with the Program Services. The Third Amendment also extends the term of the Agreement to January 2029 (with automatic renewal for successive two-year periods unless either party provides written notice of non-renewal, which may be without cause, at least 180 days prior to the end of any such term).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Revenue Recognition and Related Receivables	Revenue Recognition and Related Receivables— The following table summarizes revenue by type for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Consumer revenues Service and subscription fees $ 89,444 $ 66,268 $ 174,653 $ 128,706 Net interest income on finance receivables 2,956 3,304 5,889 6,232 Total consumer revenues 92,400 69,572 180,542 134,938 Enterprise service revenues 38,446 36,969 71,310 65,272 Total revenue, net $ 130,846 $ 106,541 $ 251,852 $ 200,210
Fair Value of Financial Instruments	Fair Value of Financial Instruments— Accounting Standards Codification (“ASC”) 820, Fair Value Measurement (“ASC 820”), provides a single definition of fair value and a common framework for measuring fair value as well as disclosure requirements for fair value measurements used in financial statements. Under ASC 820, fair value is determined based upon the exit price that would be received by a company to sell an asset or paid by a company to transfer a liability in an orderly transaction between market participants, exclusive of any transaction costs. Fair value measurements are determined by either the principal market or the most advantageous market. The principal market is the market with the greatest level of activity and volume for the asset or liability. Absent a principal market to measure fair value, the Company uses the most advantageous market, which is the market from which the Company would receive the highest selling price for the asset or pay the lowest price to settle the liability, after considering transaction costs. However, when using the most advantageous market, transaction costs are only considered to determine which market is the most advantageous and these costs are then excluded when applying a fair value measurement. ASC 820 creates a three-level hierarchy to prioritize the inputs used in the valuation techniques to derive fair values. The basis for fair value measurements for each level within the hierarchy is described below, with Level 1 having the highest priority and Level 3 having the lowest. Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 2 – Observable inputs other than Level 1 quoted prices, such as quoted prices for similar assets and liabilities in active markets, quoted prices in markets that are not active for identical or similar assets and liabilities, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Valuations are based on inputs that are unobservable and significant to the overall fair value measurement of the assets or liabilities. Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. The Company had no assets measured at fair value on a recurring or non-recurring basis as of June 30, 2024 or December 31, 2023. The Private Placement Warrants (as defined herein) were measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 and are further described in Note 13, “Stock Warrants.” The Company had no liabilities measured at fair value on a non-recurring basis as of June 30, 2024 or December 31, 2023 . There have been no transfers between levels during the six months ended June 30, 2024 and 2023. The Company also has financial instruments which are not measured at fair value. The Company has evaluated cash (Level 1), restricted cash (Level 1) and consumer receivables, net (Level 3) and believes the carrying value approximates the fair value due to the short-term nature of these balances. The carrying value of the secured loans approximates their fair value based on the relatively short duration these instruments have been outstanding and the secured loans' variable interest rate based on market rates. The carrying value of other debt approximates its fair value based on the relatively short duration these instruments have been outstanding and availability of alternative financing sources at similar interest rates with the same terms. The fair value of secured loans and other debt would be based on Level 2 fair value measurements.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements— The Company adopted ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which, along with subsequent related ASUs, creates a new credit impairment standard for financial assets measured at amortized cost and available-for-sale debt securities. The ASU requires financial assets measured at amortized cost (including loans, trade receivables and held-to-maturity debt securities) to be presented at the net amount expected to be collected, through an allowance for credit losses that are expected to occur over the remaining life of the asset, rather than incurred losses. The ASU requires that credit losses on available-for-sale debt securities be presented as an allowance rather than as a direct write-down. The measurement of credit losses for newly recognized financial assets (other than certain purchased assets) and subsequent changes in the allowance for credit losses are recorded in the statement of operations as the amounts expected to be collected change. The Company adopted ASU 2016-13 and the related subsequent ASUs effective January 1, 2023 , and applied the changes prospectively, recognizing a cumulative-effect adjustment to the beginning balance of retained earnings as of the adoption date. Upon adoption, the Company increased consumer receivables, net by $ 692 , decreased enterprise receivables, net by $ 187 and reduced accumulated deficit by $ 505 . The adoption of the new guidance did no t impact the Company’s unaudited consolidated interim statements of operations or cash flows.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted— The Company currently qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012. Accordingly, the Company has the option to adopt new or revised accounting guidance either (i) within the same periods as those otherwise applicable to non-emerging growth companies or (ii) within the same time periods applicable to private companies. The Company has elected to adopt new or revised accounting guidance within the same time period as private companies, unless, as indicated below, management determines it is preferable to take advantage of early adoption provisions offered within the applicable guidance. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The guidance expands the disclosures required for reportable segments in the Company's annual and interim consolidated financial statements, primarily through enhanced disclosures about significant segment expenses. The standard will be effective for the Company beginning with the Company's annual reporting for fiscal year 2025 and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact of this standard on its disclosures. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The guidance requires disclosure of disaggregated income taxes paid, prescribes standardized categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. The standard will be effective for the Company beginning with the Company's annual reporting for fiscal year 2026 and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact of this standard on its income tax disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of revenue recognition and related receivables	Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Consumer revenues Service and subscription fees $ 89,444 $ 66,268 $ 174,653 $ 128,706 Net interest income on finance receivables 2,956 3,304 5,889 6,232 Total consumer revenues 92,400 69,572 180,542 134,938 Enterprise service revenues 38,446 36,969 71,310 65,272 Total revenue, net $ 130,846 $ 106,541 $ 251,852 $ 200,210

Consumer Receivables (Tables)

Consumer Receivables (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of consumer receivables	Consumer receivables consisted of the following: June 30, December 31, 2024 2023 Loan receivables $ 75,085 $ 66,815 Instacash receivables 139,992 120,336 Finance receivables 215,077 187,151 Fees receivable 16,664 16,137 Subscription receivables 4,170 3,491 Deferred loan origination costs 69 86 Accrued interest receivable 1,378 1,302 Consumer receivables, before allowance for credit losses $ 237,358 $ 208,167
Schedule of changes in the allowance for losses on consumer receivables	Changes in the allowance for losses on loan receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 4,608 $ 5,791 $ 5,761 $ 5,784 Provision for credit losses on receivables 1,032 2,083 1,400 3,603 Loan receivables charged off ( 1,572 ) ( 2,568 ) ( 3,722 ) ( 6,757 ) Recoveries 453 943 1,082 3,619 Ending balance $ 4,521 $ 6,249 $ 4,521 $ 6,249 Changes in the allowance for losses on Instacash receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 26,645 $ 19,686 $ 25,992 $ 23,240 Provision for credit losses on receivables 26,741 18,421 44,337 28,502 Instacash receivables charged off ( 26,214 ) ( 19,770 ) ( 49,250 ) ( 39,598 ) Recoveries 4,325 3,974 10,418 10,167 Ending balance $ 31,497 $ 22,311 $ 31,497 $ 22,311 Changes in the allowance for losses on fees receivable were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 1,999 $ 1,018 $ 2,552 $ 908 Provision for credit losses on receivables 3,931 3,869 5,526 8,043 Fees receivable charged off ( 3,400 ) ( 3,300 ) ( 6,333 ) ( 8,125 ) Recoveries 581 513 1,366 1,274 Ending balance $ 3,111 $ 2,100 $ 3,111 $ 2,100 Changes in the allowance for losses on subscription receivables were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Beginning balance $ 1,051 $ 978 $ 1,024 $ 1,292 Provision for credit losses on receivables 1,727 1,189 2,398 1,925 Subscription receivables charged off ( 1,915 ) ( 1,365 ) ( 3,077 ) ( 2,721 ) Recoveries 531 293 1,049 599 Ending balance $ 1,394 $ 1,095 $ 1,394 $ 1,095
Schedule of assessment of the repayment performance of loans	The following is an assessment of the repayment performance of loan receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the loan receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 65,229 86.9 % $ 58,980 88.2 % Delinquency: 31 to 60 days 5,357 7.1 % 4,451 6.7 % 61 to 90 days 4,499 6.0 % 3,384 5.1 % Total delinquency 9,856 13.1 % 7,835 11.8 % Loan receivables before allowance for credit losses $ 75,085 100.0 % $ 66,815 100.0 % Loan receivables that are 61 to 90 days contractually past due are placed on non-accrual status. The following is an assessment of the repayment performance of Instacash receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the Instacash receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 117,112 83.7 % $ 104,541 86.9 % Delinquency: 31 to 60 days 13,033 9.3 % 8,829 7.3 % 61 to 90 days 9,847 7.0 % 6,966 5.8 % Total delinquency 22,880 16.3 % 15,795 13.1 % Instacash receivables before allowance for credit losses $ 139,992 100.0 % $ 120,336 100.0 % The following is an assessment of the repayment performance of fees receivable as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the fees receivable portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 13,644 81.9 % $ 13,971 86.6 % Delinquency: 31 to 60 days 1,700 10.2 % 1,197 7.4 % 61 to 90 days 1,320 7.9 % 969 6.0 % Total delinquency 3,020 18.1 % 2,166 13.4 % Fees receivable before allowance for credit losses $ 16,664 100.0 % $ 16,137 100.0 % The following is an assessment of the repayment performance of subscription receivables as of June 30, 2024 and December 31, 2023 and presents the contractual delinquency of the subscription receivables portfolio: June 30, 2024 December 31, 2023 Amount Percent Amount Percent Current $ 3,136 75.2 % $ 2,786 79.8 % Delinquency: 31 to 60 days 693 16.6 % 407 11.7 % 61 to 90 days 341 8.2 % 298 8.5 % Total delinquency 1,034 24.8 % 705 20.2 % Subscription receivables before allowance for credit losses $ 4,170 100.0 % $ 3,491 100.0 %

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Property and equipment consisted of the following: June 30, December 31, 2024 2023 Leasehold improvements $ 1,871 $ 1,932 Furniture and fixtures 260 361 Computers and equipment 2,773 2,551 4,904 4,844 Less: accumulated depreciation ( 2,943 ) ( 2,980 ) Property and equipment, net $ 1,961 $ 1,864

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible assets	Intangible assets consisted of the following: June 30, December 31, Useful Life 2024 2023 Proprietary technology and capitalized internal-use software 3 - 7 years $ 46,969 $ 43,105 Work in process 1,706 1,695 Customer relationships 10 - 15 years 160,500 160,500 Trade names 9 - 15 years 15,960 15,960 Less: accumulated amortization ( 56,833 ) ( 44,719 ) Intangible assets, net $ 168,302 $ 176,541
Schedule of amortization expense of intangible assets	The following table summarizes estimated future amortization expense of intangible assets placed in service at June 30, 2024 for the years ending: Remainder of 2024 $ 12,318 2025 24,636 2026 24,636 2027 24,064 2028 21,755 Thereafter 59,187 $ 166,596

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Other Assets [Abstract]
Schedule of other assets consisted	Other assets consisted of the following: June 30, December 31, 2024 2023 Receivable from payment processors $ 29,502 $ 37,362 Prepaid expenses 5,241 5,987 Operating lease right-of-use assets 13,521 6,159 Other 4,226 4,051 Total other assets $ 52,490 $ 53,559

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of debt	The Company’s debt as of June 30, 2024 and December 31, 2023 is presented below: June 30, December 31, 2024 2023 Monroe Term Loans $ 65,000 $ 65,000 Unamortized discounts and debt issuance costs ( 518 ) ( 666 ) Total secured loans, net $ 64,482 $ 64,334 ROAR 1 SPV Credit Facility $ 66,500 $ 64,500 ROAR 2 SPV Credit Facility 64,500 62,500 Unamortized discounts and debt issuance costs ( 1,068 ) ( 1,581 ) Total other debt, net $ 129,932 $ 125,419

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of long-term operating lease liabilities	Maturities of the Company’s long-term operating lease liabilities, which are included in other liabilities on the consolidated balance sheet, were as follows: June 30, 2024 Remainder of 2024 $ 2,295 2025 4,706 2026 3,486 2027 3,334 2028 3,271 Thereafter 2,939 Total lease payments 20,031 Less: imputed interest 5,333 Lease liabilities $ 14,698 Weighted-average remaining lease term (years) 4.7 Weighted-average discount rate 13.3 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of represents activity and outstanding equity	Type Vesting Conditions Units Granted Weighted Average Grant Date Fair Value Weighted Average Strike Price Restricted Stock Unit Service-based 374,776 $ 52.75 n/a Performance Stock Unit Service and performance-based 85,090 $ 52.55 n/a Type Vesting Conditions Units Outstanding Weighted Average Grant Date Fair Value Weighted Average Strike Price Restricted Stock Unit Service-based 923,396 $ 39.10 n/a Performance Stock Unit Service and performance-based 230,159 $ 33.08 n/a Performance Stock Unit Service and market-based 248,894 $ 13.99 n/a Options Service-based 534,857 $ 20.81 $ 31.73

Stock Warrants (Tables)

Stock Warrants (Tables)	6 Months Ended
	Jun. 30, 2024
Stock Warrants [Abstract]
Schedule of changes in the liability related to the private placement warrants	The following table presents the changes in the liability related to the Private Placement Warrants: Private Placement Warrants Warrants payable balance, December 31, 2023 $ 810 Mark-to-market adjustment - Warrants payable balance, June 30, 2024 $ 810

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schdeule of computation of net income (loss) per common share	The following table sets forth the computation of net income (loss) per share of Class A Common Stock for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net income (loss) $ 3,137 $ ( 27,723 ) $ 10,212 $ ( 36,940 ) Reversal of previously accrued dividends on preferred stock — 2,667 — 690 Net income (loss) attributable to common shareholders $ 3,137 $ ( 25,056 ) $ 10,212 $ ( 36,250 ) Denominator: Weighted-average common shares outstanding - basic 10,862,853 9,234,238 10,694,635 8,944,836 Plus: dilutive effect of common stock equivalents 1,228,568 — 1,260,340 — Weighted-average common shares outstanding - diluted 12,091,421 9,234,238 11,954,975 8,944,836 Net income (loss) per share attributable to common stockholders - basic $ 0.29 $ ( 2.71 ) $ 0.95 $ ( 4.05 ) Net income (loss) per share attributable to common stockholders - diluted $ 0.26 $ ( 2.71 ) $ 0.85 $ ( 4.05 )
Schdeule of potential common shares	The following potential shares of Class A Common Stock have been excluded from the computation of diluted net income (loss) per share for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Warrants to purchase common stock 853,330 853,330 853,330 853,330 PSUs, RSUs and options to purchase common stock 254,032 2,448,661 301,588 2,448,661 Right to receive Earnout Shares 583,333 583,333 583,333 583,333 Total common stock equivalents 1,690,695 3,885,324 1,738,251 3,885,324 In connection with the Business Combination, rights to receive Class A Common Stock (the “Earnout Shares”) were issued, with the right to receive Class A Common Stock contingent upon the Class A Common Stock reaching certain price milestones. 250,000 and 333,333 shares of Class A Common Stock will be issued if the Class A Common Stock share price equals or is greater than $ 375 and $ 495 , respectively, for twenty out of any thirty consecutive trading days. The right to receive the Earnout Shares will expire on September 22, 2026 .

Description of Business and B_2

Description of Business and Basis Of Presentation (Details)		6 Months Ended
	Apr. 24, 2023 $ / shares shares	Jun. 30, 2024 $ / shares shares	Jun. 30, 2023	Dec. 31, 2023 $ / shares shares
Description of Business and Basis Of Presentation (Details) [Line Items]
Reclassified to common stock description		every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock
Reverse stock split description	1-for-30	At the effective time of the Reverse Stock Split, every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock, and the total number of shares of Class A Common Stock authorized for issuance was reduced by a corresponding proportion from 2,000,000,000 shares to 66,666,666 shares
Maximum [Member]
Description of Business and Basis Of Presentation (Details) [Line Items]
Common stock, shares authorized	2,000,000,000
Class A Common Stock [Member]
Description of Business and Basis Of Presentation (Details) [Line Items]
Common stock, par value | $ / shares		$ 0.0001		$ 0.0001
Reverse stock split ratio	0.033		0.033
Number of common shares issued and outstanding or held as treasury stock	30
Common stock, shares authorized		66,666,666		66,666,666
Class A Common Stock [Member] | Maximum [Member]
Description of Business and Basis Of Presentation (Details) [Line Items]
Common stock, shares authorized post reverse stock splits	66,666,666
Series A Preferred Stock [Member]
Description of Business and Basis Of Presentation (Details) [Line Items]
Convertible preferred stock, par value | $ / shares	$ 0.0001
Redeemable convertible preferred stock, shares authorized	200,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jan. 01, 2023
Summary of Significant Accounting Policies (Details) [Line Items]
Operating lease right-of-use asset			$ 13,521,000	$ 6,159,000
Operating lease liability			14,698,000
Assets transfer between level amount	$ 0	$ 0	0
Liabilities transfer between level amount			0	0
Goodwill impairment loss	$ 26,721,000	$ 26,721,000
Consumer receivables, net			196,835,000	172,838,000
Enterprise receivables, net			23,045,000	15,978,000
Accumulated deficit			(692,507,000)	(702,719,000)
Recurring [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Assets measured at fair value			0	0
Non-recurring [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Assets measured at fair value			0	0
Liabilities measured at fair value			$ 0	$ 0
ASU 2016-13 [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]			true
Accounting pronouncement adoption date			Jan. 01, 2023
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]			true
ASU 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Consumer receivables, net					$ 692,000
Enterprise receivables, net					187,000
Accumulated deficit					$ 505,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of revenue recognition and related receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consumer revenues
Service and subscription fees	$ 89,444	$ 66,268	$ 174,653	$ 128,706
Net interest income on finance receivables	2,956	3,304	5,889	6,232
Total consumer revenues	92,400	69,572	180,542	134,938
Enterprise service revenues	38,446	36,969	71,310	65,272
Total revenue, net	$ 130,846	$ 106,541	$ 251,852	$ 200,210

Consumer Receivables (Details)

Consumer Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Contracts Receivable [Abstract]
Net charge-offs of accrued interest income	$ 272	$ 366	$ 509	$ 673

Consumer Receivables - Schedule

Consumer Receivables - Schedule of consumer receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of consumer receivables [Abstract]
Loan receivables	$ 75,085	$ 66,815
Instacash receivables	139,992	120,336
Finance receivables	215,077	187,151
Fees receivable	16,664	16,137
Subscription receivables	4,170	3,491
Deferred loan origination costs	69	86
Accrued interest receivable	1,378	1,302
Consumer receivables, before allowance for credit losses	$ 237,358	$ 208,167

Consumer Receivables - Schedu_2

Consumer Receivables - Schedule of changes in the allowance for losses on consumer receivables (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consumer Receivables (Details) - Schedule of changes in the allowance for losses on consumer receivables [Line Items]
Provision for credit losses on receivables	$ 33,431	$ 25,562	$ 53,661	$ 42,073
Losses on Loan Receivables [Member]
Consumer Receivables (Details) - Schedule of changes in the allowance for losses on consumer receivables [Line Items]
Beginning balance	4,608	5,791	5,761	5,784
Provision for credit losses on receivables	1,032	2,083	1,400	3,603
Receivables charged off	(1,572)	(2,568)	(3,722)	(6,757)
Recoveries	453	943	1,082	3,619
Ending balance	4,521	6,249	4,521	6,249
Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of changes in the allowance for losses on consumer receivables [Line Items]
Beginning balance	26,645	19,686	25,992	23,240
Provision for credit losses on receivables	26,741	18,421	44,337	28,502
Receivables charged off	(26,214)	(19,770)	(49,250)	(39,598)
Recoveries	4,325	3,974	10,418	10,167
Ending balance	31,497	22,311	31,497	22,311
Losses on Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of changes in the allowance for losses on consumer receivables [Line Items]
Beginning balance	1,999	1,018	2,552	908
Provision for credit losses on receivables	3,931	3,869	5,526	8,043
Receivables charged off	(3,400)	(3,300)	(6,333)	(8,125)
Recoveries	581	513	1,366	1,274
Ending balance	3,111	2,100	3,111	2,100
Losses on Subscription Receivables [Member]
Consumer Receivables (Details) - Schedule of changes in the allowance for losses on consumer receivables [Line Items]
Beginning balance	1,051	978	1,024	1,292
Provision for credit losses on receivables	1,727	1,189	2,398	1,925
Receivables charged off	(1,915)	(1,365)	(3,077)	(2,721)
Recoveries	531	293	1,049	599
Ending balance	$ 1,394	$ 1,095	$ 1,394	$ 1,095

Consumer Receivables - Schedu_3

Consumer Receivables - Schedule of assessment of the repayment performance of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loan Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 75,085	$ 66,815
Finance receivables before allowance for credit losses, Percent	100%	100%
Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 139,992	$ 120,336
Finance receivables before allowance for credit losses, Percent	100%	100%
Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 16,664	$ 16,137
Finance receivables before allowance for credit losses, Percent	100%	100%
Subscription receivables [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 4,170	$ 3,491
Finance receivables before allowance for credit losses, Percent	100%	100%
Current [Member] | Loan Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 65,229	$ 58,980
Current, Percent	86.90%	88.20%
Current [Member] | Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 117,112	$ 104,541
Current, Percent	83.70%	86.90%
Current [Member] | Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 13,644	$ 13,971
Current, Percent	81.90%	86.60%
Current [Member] | Subscription receivables [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 3,136	$ 2,786
Current, Percent	75.20%	79.80%
31 to 60 days [Member] | Loan Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 5,357	$ 4,451
Delinquency, Percent	7.10%	6.70%
31 to 60 days [Member] | Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 13,033	$ 8,829
Delinquency, Percent	9.30%	7.30%
31 to 60 days [Member] | Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 1,700	$ 1,197
Delinquency, Percent	10.20%	7.40%
31 to 60 days [Member] | Subscription receivables [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 693	$ 407
Delinquency, Percent	16.60%	11.70%
61 to 90 days [Member] | Loan Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 4,499	$ 3,384
Delinquency, Percent	6%	5.10%
61 to 90 days [Member] | Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 9,847	$ 6,966
Delinquency, Percent	7%	5.80%
61 to 90 days [Member] | Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 1,320	$ 969
Delinquency, Percent	7.90%	6%
61 to 90 days [Member] | Subscription receivables [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 341	$ 298
Delinquency, Percent	8.20%	8.50%
Total Delinquency [Member] | Loan Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 9,856	$ 7,835
Delinquency, Percent	13.10%	11.80%
Total Delinquency [Member] | Finance Receivable Instacash [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 22,880	$ 15,795
Delinquency, Percent	16.30%	13.10%
Total Delinquency [Member] | Fees Receivable [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 3,020	$ 2,166
Delinquency, Percent	18.10%	13.40%
Total Delinquency [Member] | Subscription receivables [Member]
Consumer Receivables (Details) - Schedule of assessment of the repayment performance of loans [Line Items]
Finance receivables before allowance for credit losses, Amount	$ 1,034	$ 705
Delinquency, Percent	24.80%	20.20%

Sale Of Consumer Receivables (D

Sale Of Consumer Receivables (Details) - Receivables Purchase Agreement [Member]		3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase agreement termination description	The Purchase Agreement terminates on the two-year anniversary of the Closing Date and may be extended for an additional one-year period upon mutual agreement of the Seller and Sound Point.
Percentage of non refundable Fee payable monthly on daily average available receivable limit	2%	2%	2%
Receivable sold		$ 0	$ 0
Receivables, purchase description	The initial price at which the Purchasers will purchase the eligible Instacash receivables with respect to each monthly cohort is based on the average loss rate at 360 days past the repayment date of the three most recent matured monthly cohorts and will be subject to adjustment for future monthly cohorts based on the performance of monthly cohorts at specified intervals past the repayment date compared to the expected loss rates of the reference matured monthly cohorts established at sale and a fixed discount percentage.
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivable concentration limits	$ 175,000,000	175,000,000	175,000,000
Non-refundable fee, subject to maximum aggregate amount	1,750,000	1,750,000	1,750,000
Receivable concentration increase limits	$ 75,000,000	$ 75,000,000	$ 75,000,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 205	$ 283	$ 391	$ 587

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 4,904	$ 4,844
Less: accumulated depreciation	(2,943)	(2,980)
Property and equipment, net	1,961	1,864
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	1,871	1,932
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	260	361
Computers and equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 2,773	$ 2,551

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets (Details) - Schedule of Intangible assets [Line Items]
Proprietary technology and capitalized internal-use software	$ 46,969	$ 43,105
Work in process	1,706	1,695
Customer relationships	160,500	160,500
Trade names	15,960	15,960
Less: accumulated amortization	(56,833)	(44,719)
Intangible assets, net	$ 168,302	$ 176,541
Minimum [Member]
Intangible Assets (Details) - Schedule of Intangible assets [Line Items]
Proprietary technology and capitalized internal-use software, Useful Life	3 years
Customer relationships, Useful Life	10 years
Trade names, Useful Life	9 years
Maximum [Member]
Intangible Assets (Details) - Schedule of Intangible assets [Line Items]
Proprietary technology and capitalized internal-use software, Useful Life	7 years
Customer relationships, Useful Life	15 years
Trade names, Useful Life	15 years

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Costs capitalized in connection with internal use software	$ 2,052	$ 1,689	$ 3,912	$ 2,851
Amortization expense	$ 6,126	$ 5,830	$ 12,152	$ 11,710

Intangible Assets - Schedule _2

Intangible Assets - Schedule of amortization expense of intangible assets (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Remainder of 2024	$ 12,318
2025	24,636
2026	24,636
2027	24,064
2028	21,755
Thereafter	59,187
Total	$ 166,596

Other Assets - Schedule of othe

Other Assets - Schedule of other assets consisted (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of other assets consisted [Abstract]
Receivable from payment processors	$ 29,502	$ 37,362
Prepaid expenses	5,241	5,987
Operating lease right-of-use assets	$ 13,521	$ 6,159
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total other assets	Total other assets
Other	$ 4,226	$ 4,051
Total other assets	$ 52,490	$ 53,559

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Sep. 30, 2021	Jun. 30, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Debt description		The interest rate as of June 30, 2024 on the Term A-1 Loans was 12.33%.
ROAR 1 SPV Finance LLC [Member]
Debt Instrument [Line Items]
Credit agreement	$ 100,000		$ 80,000
Maximum borrowings under the agreement	$ 200,000
Bears interest rate	12.50%
Maturity date	2025-03
Monroe Term Loan [Member] | Term A-1 Loans [Member]
Debt Instrument [Line Items]
Borrowings under the agreement		$ 65,000
Debt instrument, stated percentage		12.33%

Debt (Details) - Schedule of de

Debt (Details) - Schedule of debt - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Unamortized discounts and debt issuance costs	$ (518)	$ (666)
Total secured loans, net	64,482	64,334
Unamortized discounts and debt issuance costs	(1,068)	(1,581)
Total other debt, net	129,932	125,419
Monroe Term Loan [Member]
Debt Instrument [Line Items]
Total secured loans, net	65,000	65,000
ROAR 1 SPV Credit Facility [Member]
Debt Instrument [Line Items]
Total other debt, net	66,500	64,500
ROAR 2 SPV Credit Facility [Member]
Debt Instrument [Line Items]
Total other debt, net	$ 64,500	$ 62,500

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Lessee, Operating Lease, Existence of Option to Extend [true false]			true
Lessee, Operating Lease, Existence of Option to Terminate [true false]			true
Lease expenses related to long-term leases	$ 1,283	$ 785	$ 2,387	$ 1,581
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)		Other Nonoperating Income (Expense)
Net rental income	$ 166		$ 332

Leases - Schedule of long-term

Leases - Schedule of long-term operating lease liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 2,295
2025	4,706
2026	3,486
2027	3,334
2028	3,271
Thereafter	2,939
Total lease payments	20,031
Less: imputed interest	5,333
Lease liabilities	$ 14,698
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent
Weighted-average remaining lease term (years)	4 years 8 months 12 days
Weighted-average discount rate	13.30%

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Taxes (Details) [Line Items]
Effective tax rate	(27.70%)	0.80%

Common and Preferred Stock (Det

Common and Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	May 26, 2023	Jun. 30, 2024	May 22, 2023	Feb. 17, 2022
Class of Stock [Line Items]
Common stock voting rights		one
Conversion basis		Shares of Series A Preferred Stock were convertible into shares of Class A Common Stock on a one-for-thirty basis, subject to customary anti-dilution adjustments.
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Convertible preferred stock liquidation preference per share		$ 10
Redeemable convertible preferred stock (in Shares)			4,354,092	8,000,000
Redeemable convertible preferred stock, shares outstanding	30,049,053
Redeemable convertible preferred stock, shares issued	30,049,053
Class A Common Stock [Member]
Class of Stock [Line Items]
Volume-weighted average price	$ 10	$ 10
Redeemable convertible preferred stock (in Shares)	1,012,293	229,605
Cash paid to equityholders		$ 3

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	$ 7,531	$ 5,250	$ 14,028	$ 10,955

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of represents activity and outstanding equity - Omnibus Incentive Plan	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Restricted Stock Unit [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting Conditions	Service-based
Units Granted (in Shares) | shares	374,776
Weighted Average Grant Date Fair Value	$ 52.75
Units Outstanding | shares	923,396
Outstanding Equity Awards, Weighted Average Grant Date Fair Value	$ 39.1
Performance Stock Unit [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting Conditions	Service and performance-based
Units Granted (in Shares) | shares	85,090
Weighted Average Grant Date Fair Value	$ 52.55
Units Outstanding | shares	230,159
Outstanding Equity Awards, Weighted Average Grant Date Fair Value	$ 33.08
Performance Stock Unit One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting Conditions	Service and market-based
Units Outstanding | shares	248,894
Outstanding Equity Awards, Weighted Average Grant Date Fair Value	$ 13.99
Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting Conditions	Service-based
Units Outstanding | shares	534,857
Outstanding Equity Awards, Weighted Average Grant Date Fair Value	$ 20.81
Outstanding Equity Awards, Weighted Average Strike Price	$ 31.73

Stock Warrants (Details)

Stock Warrants (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Private Placement Warrants [Member]
Stock Warrants [Line Items]
Warrants outstanding	270,000
Public Warrants [Member]
Stock Warrants [Line Items]
Warrants outstanding	583,333
Warrant price per share | $ / shares	$ 0.1

Stock Warrants - Schedule of ch

Stock Warrants - Schedule of changes in the liability related to the private placement warrants (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Stock Warrants (Details) - Schedule of changes in the liability related to the private placement warrants [Line Items]
Warrants payable balance, December 31, 2023	$ 810
Warrants payable balance, June 30, 2024	810
Private Placement Warrants [Member]
Stock Warrants (Details) - Schedule of changes in the liability related to the private placement warrants [Line Items]
Warrants payable balance, December 31, 2023	810
Warrants payable balance, June 30, 2024	$ 810

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of computation of net income (loss) per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income (loss)	$ 3,137	$ (27,723)	$ 10,212	$ (36,940)
Reversal of previously accrued dividends on preferred stock		2,667		690
Net income (loss) attributable to common shareholders	$ 3,137	$ (25,056)	$ 10,212	$ (36,250)
Denominator:
Weighted-average common shares outstanding - basic (in Shares)	10,862,853	9,234,238	10,694,635	8,944,836
Plus: dilutive effect of common stock equivalents (in Shares)	1,228,568		1,260,340
Weighted-average common shares outstanding - diluted (in Shares)	12,091,421	9,234,238	11,954,975	8,944,836
Net income (loss) per share attributable to common stockholders - basic	$ 0.29	$ (2.71)	$ 0.95	$ (4.05)
Net income (loss) per share attributable to common stockholders - diluted	$ 0.26	$ (2.71)	$ 0.85	$ (4.05)

Net Income (Loss) Per Share (De

Net Income (Loss) Per Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Income Loss Per Share (Details) [Line Items]
Antidilutive securities excluded from computation diluted net income per share	1,690,695	3,885,324	1,738,251	3,885,324
Performance Stock Unit [Member]
Net Income Loss Per Share (Details) [Line Items]
Antidilutive securities excluded from computation diluted net income per share	85,090		85,090
MALKA acquisition [Member]
Net Income Loss Per Share (Details) [Line Items]
Right to receive shares, contingent consideration, expiration date			Sep. 22, 2026
Class A Common Stock [Member]
Net Income Loss Per Share (Details) [Line Items]
Antidilutive securities excluded from computation diluted net income per share	168,942		216,498
Class A Common Stock [Member] | Earnout Shares upon Achieving Milestone One [Member] | MALKA acquisition [Member]
Net Income Loss Per Share (Details) [Line Items]
Shares issuable upon reaching certain price milestones			250,000
Share Price	$ 375		$ 375
Class A Common Stock [Member] | Earnout Shares upon Achieving Milestone Two [Member] | MALKA acquisition [Member]
Net Income Loss Per Share (Details) [Line Items]
Shares issuable upon reaching certain price milestones			333,333
Share Price	$ 495		$ 495

Net Income (Loss) Per Share -_2

Net Income (Loss) Per Share - Schedule of potential common shares (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	1,690,695	3,885,324	1,738,251	3,885,324
Warrants to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	853,330	853,330	853,330	853,330
PSUs, RSUs and Options to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	254,032	2,448,661	301,588	2,448,661
Right to Receive Earnout Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	583,333	583,333	583,333	583,333

Commitments And Contingencies (

Commitments And Contingencies (Details)		6 Months Ended
	Apr. 24, 2023	Jun. 30, 2024
Unrecorded Unconditional Purchase Obligation [Line Items]
Reverse stock split description	1-for-30	At the effective time of the Reverse Stock Split, every 30 shares of Class A Common Stock either issued and outstanding or held as treasury stock were automatically reclassified into one new share of Class A Common Stock, and the total number of shares of Class A Common Stock authorized for issuance was reduced by a corresponding proportion from 2,000,000,000 shares to 66,666,666 shares

Mergers and Acquisitions (Detai

Mergers and Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	May 26, 2023	May 22, 2023	Feb. 17, 2022
Mergers and Acquisitions (Details) [Line Items]
Increase (decrease) consideration amount		$ (180)
Earnout [Member]
Mergers and Acquisitions (Details) [Line Items]
Cash paid to equityholders					$ 459
Preferred Stock Equivalents
Mergers and Acquisitions (Details) [Line Items]
Cash paid to equityholders	$ 307	307
Earnout And Preferred Stock Equivalents Member
Mergers and Acquisitions (Details) [Line Items]
Increase (decrease) consideration amount	$ 6,367	$ 6,433
Series A Preferred Stock [Member]
Mergers and Acquisitions (Details) [Line Items]
Series A convertible preferred stock (in Shares)					4,354,092	8,000,000
Class A Common Stock
Mergers and Acquisitions (Details) [Line Items]
Series A convertible preferred stock (in Shares)			229,605	1,012,293
Cash paid to equityholders			$ 3,000
Common stock issued to settle preferred stock equivalents	23,453	23,453