MoneyLion (ML) 10-K 17 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 04, 2022	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	MoneyLion Inc.
Trading Symbol	ML
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		230,763,139
Entity Public Float			$ 348,250,000
Amendment Flag	false
Entity Central Index Key	0001807846
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Annual 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	30 West 21st Street
Entity Address, Address Line Two	9th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10010
City Area Code	(212)
Local Phone Number	380-1735
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Auditor Firm ID	49
Auditor Name	RSM US LLP
Auditor Location	Austin, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash, including amounts held by variable interest entities (VIEs) of $0 and $390	$ 201,763	$ 19,406
Restricted cash, including amounts held by VIEs of $39,396 and $0	44,461	1,521
Receivables	153,741	68,794
Allowance for losses on receivables	(22,323)	(9,127)
Receivables, net, including amounts held by VIEs of $92,796 and $52,264	131,418	59,667
Property and equipment, net	1,801	502
Intangible assets, net	25,124	9,275
Goodwill	52,541	21,565
Other assets	34,430	11,707
Total assets	491,538	123,643
Liabilities:
Secured loans	43,591	24,395
Accounts payable and accrued liabilities	63,453	20,968
Subordinated convertible notes, at fair value		14,000
Related party loan		5,000
Warrant liability	8,260	24,667
Other debt, including amounts held by VIEs of $143,000 and $0	143,000	3,207
Total liabilities	258,304	92,237
Commitments and contingencies (Note 17)
Redeemable convertible preferred stock (Series A-1, A-2, A-3, B, B-2, C, C-1), $0.0001 par value; 0 and 7,471,198 shares authorized, 0 and 7,085,923 issued and outstanding at December 31, 2021 and December 31, 2020; aggregate liquidation preference of $0 and $288,183 at December 31, 2021 and December 31, 2020(1)		288,183
Redeemable noncontrolling interests		71,852
Stockholders’ equity (deficit):
Class A Common Stock, $0.0001 par value; 2,000,000,000 and 0 shares authorized as of December 31, 2021 and December 31, 2020, respectively, 231,452,448 and 230,482,448 issued and outstanding, respectively, as of December 31, 2021 and 0 issued and outstanding as of December 31, 2020	23
Additional paid-in capital	708,175
Accumulated deficit	(465,264)	(327,629)
Treasury stock at cost, 970,000 and 44,924 shares at December 31, 2021 and December 31, 2020, respectively	(9,700)	(1,000)
Total stockholders’ equity (deficit)	233,234	(328,629)
Total liabilities, redeemable convertible preferred stock, redeemable noncontrolling interests and stockholders’ equity (deficit)	$ 491,538	$ 123,643

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Variable interest (in Dollars)	$ 0	$ 390
Restricted cash, including amounts held by VIEs (in Dollars)	39,396	0
Variable interest (in Dollars)	92,796	52,264
Other debt, including amounts held by VIEs (in Dollars)	$ 143,000	$ 0
Redeemable convertible preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Redeemable convertible preferred stock, shares authorized	0	7,471,198
Redeemable convertible preferred stock, shares issued	0	7,085,923
Redeemable convertible preferred stock, outstanding	0	7,085,923
Aggregate liquidation preference (in Dollars)	$ 0	$ 288,183
Common Stock, par value (in Dollars per share)	$ 0.0001
Treasury stock, shares	970,000	44,924
Class A Common Stock
Common Stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,000,000,000	0
Common stock, shares issued	231,452,448	0
Common stock, shares outstanding	230,482,448	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net interest income on finance receivables		$ 7,002	$ 4,347
Membership subscription revenue		32,357	25,994
Affiliates income		10,900	2,234
Fee income		116,131	46,639
Other income		4,721	197
Total Revenues, net		171,111	79,411
Operating expenses
Marketing		43,170	11,060
Provision for loss on receivables		60,749	21,294
Other direct costs		8,864	4,336
Interest expense		7,251	2,950
Personnel expenses		45,878	24,200
Underwriting expenses		8,253	6,242
Information technology expenses		7,488	7,041
Bank and payment processor fees		24,565	13,737
Change in fair value of warrant liability		39,629	14,419
Change in fair value of subordinated convertible notes		41,877	4,000
Change in fair value of contingent consideration from mergers and acquisitions		6,229
Professional fees		19,847	8,396
Depreciation and amortization expense		2,392	1,108
Occupancy expense		997	1,233
Gain on foreign currency translation		(431)	(179)
Other operating expenses		19,172	1,155
Total operating expenses		335,930	120,992
Net loss before income taxes		(164,819)	(41,581)
Income tax expense		56	6
Net loss		(164,875)	(41,587)
Net income attributable to redeemable noncontrolling interests		(12,776)	(8,409)
Reversal of previously accrued (accrual of) dividends on redeemable convertible preferred stock		42,728	(17,209)
Net loss attributable to common shareholders		$ (134,923)	$ (67,205)
Net loss per share, basic and diluted (in Dollars per share)	[1]	$ (1.39)	$ (1.49)
Weighted average shares used in computing net loss per share, basic and diluted (in Shares)	[1]	97,158,738	45,177,217
[1]	Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details. Because the Company had a net loss in the twelve months ended December 31, 2021 and 2020, the Company’s potentially dilutive securities, which include stock options, restricted stock units, preferred stock and warrants to purchase shares of common stock and preferred stock, have been excluded from the computation of diluted net loss per share, as the effect would be anti-dilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders for these periods is the same.

Consolidated Statements of Rede

Consolidated Statements of Redeemable Convertible Preferred Stock, Redeemable Noncontrolling Interests and Stockholders’ Equity (Deficit) - USD ($) $ in Thousands		Class ACommon Stock	Redeemable Convertible Preferred Stock	Redeemable Noncontrolling Interests	Common Stock		Additional Paid-in Capital	Accumulated Deficit	Treasury Stock	Total
Balance at Jan. 01, 2020			$ 231,020	$ 73,977				$ (262,208)	$ (1,000)	$ (263,208)
Balance (in Shares) at Jan. 01, 2020	[1]	44,198,935	103,598,936
Stock-based compensation							$ 1,650			1,650
Stock-based compensation (in Shares)	[1]
Exercise of stock options and warrants							134			134
Exercise of stock options and warrants (in Shares)	[1]	3,671,785
Issuance of Series C-1 in connection with the acquisition of WTI			$ 27,929
Issuance of Series C-1 in connection with the acquisition of WTI (in Shares)	[1]		8,853,530
Issuance of Series C-1 redeemable convertible preferred stock			$ 12,025
Conversion of subordinated convertible notes to Series C redeemable convertible preferred stock (in Shares)	[1]		3,811,908
Accrued dividends on redeemable convertible preferred stock			$ 17,209				(1,784)	(15,425)		(17,209)
Accrued dividends on redeemable convertible preferred stock (in Shares)	[1]
Redemption of common stock
Redemption of common stock (in Shares)	[1]
Redemption of stock options
Redemption of stock options (in Shares)	[1]
Contributions from redeemable noncontrolling interests				10,750
Contributions from redeemable noncontrolling interests (in Shares)	[1]
Redemptions by redeemable noncontrolling interests				(17,489)
Redemptions by redeemable noncontrolling interests (in Shares)	[1]
Distributions to redeemable noncontrolling interests				(3,795)
Distributions to redeemable noncontrolling interests (in Shares)	[1]
Net income (loss)				8,409				(49,996)		(49,996)
Net income (loss) (in Shares)	[1]
Balance at Dec. 31, 2020			$ 288,183	71,852				(327,629)	(1,000)	(328,629)
Balance (in Shares) at Dec. 31, 2020	[1]	47,870,720	116,264,374
Balance at Jan. 01, 2021			$ 288,183	71,852				(327,629)	(1,000)	(328,629)
Balance (in Shares) at Jan. 01, 2021	[1]		116,264,374		47,870,720
Stock-based compensation							5,039			5,039
Stock-based compensation (in Shares)	[1]
Exercise of stock options and warrants							252			252
Exercise of stock options and warrants (in Shares)	[1]				788,774
Accrued dividends on redeemable convertible preferred stock			$ 14,292				(2,606)	(11,686)		(14,292)
Accrued dividends on redeemable convertible preferred stock (in Shares)	[1]
Preferred stock conversion			$ (302,475)		$ 12		250,761	51,702		302,475
Preferred stock conversion (in Shares)	[1]		(116,264,374)		116,264,374
Reverse capitalization on September 22, 2021					$ 11		437,948		1,000	438,959
Reverse capitalization on September 22, 2021 (in Shares)					62,223,940	[1]
Redemption of common stock									(9,700)	(9,700)
Redemption of common stock (in Shares)	[1]				(970,000)
Redemption of stock options							(12,741)			(12,741)
Redemption of stock options (in Shares)	[1]
Issuance of common stock in connection with the acquisition of Malka Media Group LLC							28,707			28,707
Issuance of common stock in connection with the acquisition of Malka Media Group LLC (in Shares)	[1]				4,181,441
Issuance of common stock in connection with business contracts							815			815
Issuance of common stock in connection with business contracts (in Shares)	[1]				123,199
Contributions from redeemable noncontrolling interests				53,000
Contributions from redeemable noncontrolling interests (in Shares)	[1]
Redemptions by redeemable noncontrolling interests				(127,391)
Redemptions by redeemable noncontrolling interests (in Shares)	[1]
Distributions to redeemable noncontrolling interests				(10,237)
Distributions to redeemable noncontrolling interests (in Shares)	[1]
Net income (loss)				12,776				(177,651)		(177,651)
Net income (loss) (in Shares)	[1]
Balance at Dec. 31, 2021					$ 23		$ 708,175	$ (465,264)	$ (9,700)	$ 233,234
Balance (in Shares) at Dec. 31, 2021	[1]				230,482,448
[1]	Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Net loss	$ (164,875)	$ (41,587)
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for losses on receivables	60,749	21,294
Depreciation and amortization expense	2,392	1,108
Change in deferred fees and costs, net	1,827	1,103
Change in fair value of warrants	39,629	14,419
Change in fair value of subordinated convertible notes	41,877	4,000
Change in fair value of contingent consideration from mergers and acquisitions	6,229
Gain on PPP Loan forgiveness	(3,207)
Gains on foreign currency translation	(431)	(179)
Stock compensation expense	5,039	1,650
Changes in assets and liabilities, net of effects of business combination:
Accrued interest receivable	(449)	231
Other assets	(17,050)	(4,199)
Accounts payable and accrued liabilities	19,701	5,188
Net cash (used in) provided by operating activities	(8,569)	3,028
Cash flows from investing activities:
Net originations and collections of finance receivables	(131,737)	(41,562)
Purchase of property, equipment and software	(479)	(1,185)
Acquisition of Malka Media Group LLC, net of cash acquired	(12,145)
Net cash used in investing activities	(144,361)	(42,747)
Cash flows from financing activities:
Repayments to secured/senior lenders	(798)	(18,333)
Repayment of related party loan	(5,000)
Proceeds from issuance of related party loan		5,000
Proceeds from issuance of special purpose vehicle credit facilities	146,000
Proceeds from issuance of subordinated convertible notes	36,750	10,000
Borrowings from secured lenders	20,000	16,697
Payment of deferred financing costs	(5,147)
Redemption of founders common stock	(9,700)
Payment of redeemed stock options	(12,741)
Proceeds from issuance of common stock related to exercise of stock options and warrants	252	134
Proceeds from reverse capitalization, net of transaction costs	293,239
Issuance of Series C-1 preferred stock		12,025
Contributions from redeemable noncontrolling interests	53,000	10,750
Redemptions by redeemable noncontrolling interests	(127,391)	(17,645)
Distributions to noncontrolling interests	(10,237)	(3,795)
Net cash provided by financing activities	378,227	14,833
Net change in cash and restricted cash	225,297	(24,886)
Cash and restricted cash, beginning of year	20,927	45,813
Cash and restricted cash, end of year	246,224	20,927
Supplemental disclosure of cash flow information:
Cash paid for interest	4,378	3,090
Supplemental disclosure of non-cash investing and financing activities:
Accrued dividends on redeemable convertible preferred stock	(14,292)	(17,209)
Series C-1 redeemable convertible preferred stock issued to acquire WTI		27,929
Conversion of preferred stock to common stock	302,475
Issuance of common stock related to convertible debt	92,627
Issuance of common stock related to warrants exercised	85,502
Acquisition of private warrants	$ 29,466

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Description of Business and Basis of Presentation [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION On September 22, 2021 (the “Business Combination Closing Date”), MoneyLion Inc., formerly known as Fusion Acquisition Corp. (prior to the Business Combination Closing Date, “Fusion” and after the Business Combination Closing Date, “MoneyLion” or the “Company”), consummated the previously announced business combination (the “Business Combination”) pursuant to the terms of the Agreement and Plan of Merger, dated as of February 11, 2021 and amended on June 28, 2021 and September 4, 2021 (the “Merger Agreement”), by and among Fusion, ML Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Fusion (“Merger Sub”), and MoneyLion Technologies Inc., formerly known as MoneyLion Inc. (prior to the Business Combination Closing Date, “MoneyLion” or the “Company”, and after the Business Combination Closing Date, “Legacy MoneyLion”), a Delaware corporation. Pursuant to the terms of the Merger Agreement, immediately upon the completion of the Business Combination and the other transactions contemplated by the Merger Agreement (the “Business Combination Closing”), each of the following transactions occurred in the following order: (i) Merger Sub merged with and into Legacy MoneyLion, with Legacy MoneyLion surviving the merger as a wholly owned subsidiary of Fusion (the “Merger”); (ii) Legacy MoneyLion changed its name to “MoneyLion Technologies Inc.”; and (iii) Fusion changed its name to “MoneyLion Inc.” Following the Business Combination, MoneyLion Inc. became a publicly traded company, with Legacy MoneyLion, a subsidiary of MoneyLion, continuing the existing business operations. MoneyLion’s Class A common stock, par value $0.0001 per share (the “MoneyLion Class A Common Stock”), is listed on the New York Stock Exchange under the ticker symbol “ML.” As previously announced, on February 11, 2021, concurrently with the execution of the Merger Agreement, Fusion entered into subscription agreements (the “Subscription Agreements”) with certain investors (collectively, the “PIPE Investors”) pursuant to which, among other things, Fusion agreed to issue and sell in private placements an aggregate of 25,000,000 shares (“PIPE Shares”) of MoneyLion Class A Common Stock to the PIPE Investors for $10.00 per share, for an aggregate commitment amount of $250,000 (the “PIPE Financing”). Pursuant to the Subscription Agreements, Fusion gave certain re-sale registration rights to the PIPE Investors with respect to the PIPE Shares. The PIPE Financing was consummated substantially concurrently with the Business Combination Closing. MoneyLion was founded in 2013, and the Company’s headquarters is located in New York, New York. The Company operates a personal finance platform (the “Platform”) that provides a mobile app that is designed to help users simplify their personal financial management and improve their financial health, giving users access to credit, investment, banking and other financial services and provide them with a single place to track spending, savings and credit. The Platform is based upon analytical models that power recommendations which are designed to help users achieve their financial goals ranging from building savings, improving credit health and managing unexpected expenses. Investment management services are provided by ML Wealth LLC, a wholly owned subsidiary of the Company, which is a Securities and Exchange Commission (“SEC”) registered investment advisor. On November 15, 2021, MoneyLion acquired MALKA Media Group LLC (“MALKA”). MALKA is a creator network and content platform that produces digital media and content across entertainment, sports, games, live streaming and other sectors. MALKA’s content capabilities can drive industry-leading customer acquisition and retention at scale to help accelerate MoneyLion’s customer growth. By combining MALKA’s capabilities with MoneyLion’s financial products and extensive first-party data, MoneyLion hopes to turn the MoneyLion mobile application into a daily destination for its customers with personalized content that educates, informs and supports customers’ financial decisions. Basis of Presentation Receivables originated on the Company’s platform, including Credit Builder Plus loans and Instacash advances, were primarily financed through Invest in America Credit Fund 1 LLC (“IIA”) until the end of the fourth quarter of 2021. IIA is organized as a Delaware limited liability company and is treated as a partnership for United States income tax purposes. IIA’s membership interests were issued in separately designated series, with each series consisting of Class A Units and Class B Units. IIA investors owned all non-voting Class B Units of the applicable series they invested in, which entitled them to a targeted, non-guaranteed, preferred return of typically 12% per year. ML Capital III LLC (“ML Capital III”), an indirect wholly owned MoneyLion subsidiary, is the managing member of IIA and owned the Class A Units of each series, which entitled ML Capital III to returns that exceeded the targeted preferred return on the Class B Units (if any). IIA used proceeds from the sale of Class B Units to investors to purchase borrower payment dependent promissory notes from Invest in America Notes I SPV LLC (“IIA Notes SPV I”) and Invest in America Notes SPV IV LLC (“IIA Notes SPV IV”) (collectively “IIA Notes SPVs”). The collateral consisted of a portfolio of underlying MoneyLion loans and advance receivables. Investors in Class B Units funded their investment into IIA at the time of subscription, which proceeds were used to finance receivables originated on MoneyLion’s platform. Generally, an IIA investor was able to request redemption of all or a portion of their capital account, after a 120-day notice period, and in increments of $100,000, five days after the expiration of the applicable lock-up period, unless otherwise agreed between investors in a particular series and the Company. Unless a redemption request was made, both the IIA investor’s capital contribution and their related Class B returns were automatically reinvested in new notes. ML Capital III, as the managing member of IIA, had the contractual right to suspend redemptions in certain circumstances and without prior notice to the IIA investors. However, the IIA investors’ right to redemption may not have been entirely within the control of the Company and therefore the IIA investors’ share of the IIA is presented on the Company’s consolidated balance sheet as temporary equity at the redemption value. Redemptions were $127,391 and $17,489 for the twelve months ended December 31, 2021 and 2020, respectively, of which $1,500 was unpaid as of December 31, 2020. Distributions, if any, to IIA investors were made at the discretion of the Company or, if agreed between the Company and a particular IIA investor or series, in accordance with the applicable subscription agreements. The Company had identified IIA, IIA Notes SPV I and IIA Notes SPV IV as variable interest entities (“VIEs”) due to the fact that the Class A Units are entitled to residual income/loss in IIA. The Company had identified itself as the primary beneficiary of these VIEs because it directed the activities of the VIEs that most significantly impacted the VIEs’ economic performance. As the primary beneficiary of the VIEs, the Company had consolidated the balances of the VIEs into the financial statements. The IIA Class B Units are reflected in the Company’s consolidated financial statements as redeemable noncontrolling interests totaling $71,852 as of December 31, 2020. Net income in consolidated VIEs were attributed to redeemable noncontrolling interests based on the investors’ respective interests in the net assets of the consolidated VIE. Net income attributable to the noncontrolling interests in IIA, IIA Notes SPV I and IIA Notes SPV IV represented interest income. Beginning in the fourth quarter of 2021, MoneyLion transitioned its primary source of funding for originated receivables from IIA to special purpose vehicle financings from third-party institutional lenders. By December 2021, investor balances were returned to all IIA Class B Unit holders and as of December 31, 2021, IIA had no assets. As a result, only Class A units remain which are wholly owned by ML Capital III making IIA and the IIA Notes SPVs indirect wholly owned MoneyLion subsidiaries, and therefore as of December 31, 2021 there was no longer a noncontrolling interest related to IIA and the IIA Notes SPVs. For more information on the alternative financing sources, see Note 9. “Debt” for discussion of the ROAR 1 SPV Credit Facility and the ROAR 2 SPV Credit Facility.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
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, redeemable noncontrolling interests and stockholders’ equity (deficit) and cash flows. Use of Estimates— Revenue Recognition and Related Receivables— Membership subscription revenue is recognized on a daily basis throughout the term of the individual subscription agreements, as the control of the membership services is delivered to the customer evenly throughout that term. Membership receivables are recorded at the amount billed to the customer. The Company policy is to suspend recognition of subscription revenue when the last scheduled subscription payment is 30 days past due, or when, in the Company’s estimation, the collectability of the account is uncertain. Membership subscription revenue is recognized gross over time. Members of the Credit Builder Plus membership program typically receive the cash related to loans and interest-free Instacash advances in 1-3 business days. Members may elect to receive cash immediately through the Company’s instant transfer option. The Company charges a fee when the instant transfer option is elected by a member. Instant transfer fees are recognized gross over the term of the loan or Instacash advance, as the services related to these fees are not distinct from the services of the loan or Instacash advance. The receivable related to the instant transfer option fee is recorded at the amount billed to the customer. With respect to the Company’s Instacash advance service, the Company provides customers with the option to provide a tip for the offering. Fees earned on tips are recognized gross over the term of the Instacash advance, as the services related to these fees are not distinct from the services of the Instacash advance. Advances typically include a term of 30 days or less, depending on the individual’s pay cycle. The Company’s policy is to suspend the account when an advance is 60 days or more past the scheduled payment date on a contractual basis or when, in the Company’s estimation, the collectability of the account is uncertain. The receivable related to the tip is recorded at the amount billed to the customer. Affiliate revenue is generated by displaying ads on the Company’s mobile application and by sending emails or other messages to customers promoting affiliate services. For affiliate services, the Company enters into agreements with the affiliates in the form of a signed contract, which specify the terms of the services and fees, prior to running advertising and promotional campaigns. The Company recognizes revenue from the display of impression-based ads and distribution of impression-based emails in the period in which the impressions are delivered in accordance with the contractual terms of the customer arrangements. Impressions are considered delivered when a member clicks on the advertisement or promotion. Interest income and the related accrued interest receivables on loan-related finance receivables is accrued based upon the daily principal amount outstanding except for when these loans are on nonaccrual status. The Company recognizes interest income using the interest method. The Company’s policy is to suspend recognition of interest income on finance receivables and place the loan on nonaccrual status when the account is 60 days or more 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. Digital media and content production services provided to third parties are generally earned and recognized over time as the performance obligations within the contracts are satisfied. The revenue is recorded in other income in the statement of operations. Contracts for digital media and content production services are typically short-term. Allowance for Losses on Receivables— The Company’s charge-off policy is to charge-off finance receivables for loans and related accrued interest receivables, net of expected recoveries, in the month in which the account becomes 90 days contractually past due and charge-off finance receivables for advances and related fee receivables in the month in which the account becomes 60 days past due. If an account is deemed to be uncollectable prior to this date, the Company will charge-off the receivable in the month it is deemed uncollectable. The Company determines the past due status using the contractual terms of the finance receivables. This is the credit quality indicator used to evaluate the required allowance for losses on finance receivables for each portfolio of products. An allowance for losses on membership and fees receivables is established to provide probable losses incurred in the Company’s membership and fee receivables at the balance sheet date and is established through a provision for losses on receivables. Charge-offs, net of recoveries, are charged directly to the allowance. The allowance is based on management’s assessment of historical charge-offs and recoveries on these receivables, as well as certain qualitative factors including current economic conditions that may affect the customers’ ability to pay. Prior to the period ended June 30, 2021, the allowance related to these receivables had not been material to the consolidated financial statements. Segment Information Governmental Regulation— Fair Value Measurements Level 1: Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations for assets and liabilities that are derived from other valuation methodologies including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections determined by management in estimating the fair value assigned to such assets or liabilities. The Company evaluates the significance of transfers between levels based upon the nature of the financial instruments and size of the transfer relative to total net assets available for benefits. For the years ended December 31, 2021 and 2020, there were no transfers in or out of levels 1, 2 or 3. Net Loss Per Share— Under the two-class method, basic net loss per share attributable to common stockholders was calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. The net loss attributable to common stockholders was not allocated to the redeemable convertible preferred stock as the holders of redeemable convertible preferred stock do not have a contractual obligation to share in losses, which is consistent with the if converted method of calculation. Diluted net loss per share attributable to common stockholders was computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, redeemable convertible preferred stock, stock options, restricted stock units, right to receive Earnout Shares, as defined in Note 3, “Business Combination,” and warrants to purchase redeemable convertible preferred stock and common stock were considered common shares equivalents but had been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect was anti-dilutive. In periods in which the Company reports a net loss attributable to all classes of common stockholders, diluted net loss per share attributable to all classes of common stockholders is the same as basic net loss per share attributable to all classes of common stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. The Company reported net losses attributable to common stockholders for the fiscal years ended December 31, 2021 and 2020. Cash— Restricted Cash— Goodwill — The Company performs goodwill impairment testing annually, on the last day of the fiscal year or more frequently if indicators of potential impairment exist. The goodwill impairment test is performed at the reporting unit level. The Company first evaluates whether it is more likely than not that the fair value of the reporting unit has fallen below its carrying amount. No indicators of fair value falling below the reporting unit carrying amount were noted on a quantitative or qualitative basis during the fiscal year 2021 assessment. Intangible Assets— Impairment of Long-Lived Assets Income Taxes— When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the positions taken or the amount of the positions that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of operations. Stock-Based Compensation The Company accounts for the restricted stock units granted to employees or directors as stock-based compensation expense based on their grant date fair value. The grant date fair value is based on the price of MoneyLion Class A Common Stock on the day of the grant. The fair value of the awards is recognized as an expense over the requisite service period in the Company’s consolidated statement of operations. Forfeitures are accounted for as they are incurred. Warrant Liability The Company determined that the Private Placement Warrants do not meet the criteria for equity treatment thereunder. For issued or modified warrants that do not meet all the criteria for equity treatment, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations. As such, each Private Placement Warrant is recorded as a liability and any change in fair value is recognized in the Company’s statements of operations. The fair value of the Private Placement Warrants was estimated using a Black-Scholes Option Pricing Model. The Public Warrants meet the conditions for equity classification in accordance with ASC 815-40. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. Subordinated Convertible Notes Financial Instruments The Subordinated Convertible Notes were valued using a scenario-based discounted cash flow analysis. The Company estimated the probability and timing of the scenarios based on management’s assumptions and knowledge of specified events at issuance and as of each reporting date. The Subordinated Convertible Notes are classified as Level 3 because of the Company’s reliance on unobservable assumptions. Contingent consideration from mergers and acquisitions Property and Equipment— The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Leasehold improvements 5 - 15 years Furniture and fixtures 5 - 7 years Computers and equipment 2 - 5 years Debt Issuance Costs— Marketing Costs — Costs related to marketing activities are expensed as incurred. Recently Adopted Accounting Pronouncements— In August 2018, the FASB issued Accounting Standards Update (“ASU”) No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In June 2018, the FASB issued ASU 2018-07 , Compensation—Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting 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 (the “JOBS Act”). 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 February 2016, the FASB Issued ASU 2016-02, Leases (Topic 842) Leases In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitating of the Effects of Reference Rate Reform on Financial Reporting In August 2020, the FASB issued ASU 2020-06, Debt—Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
BUSINESS COMBINATION	3. BUSINESS COMBINATION On September 21, 2021, Fusion held a Special Meeting (the “Special Meeting”) at which the Fusion stockholders considered and adopted, among other matters, the Merger Agreement and the transactions contemplated therein (the “Business Combination Transactions”). On September 22, 2021, the parties to the Merger Agreement consummated the Business Combination Transactions. Immediately prior to the time of filing of a certificate of merger with the Secretary of State of the State of Delaware upon consummation of the Merger, all issued and outstanding shares of Legacy MoneyLion preferred stock converted into shares of Legacy MoneyLion common stock (the “Legacy MoneyLion Common Stock”), par value $0.0001 per share (the “Conversion”), in accordance with Legacy MoneyLion’s amended and restated certificate of incorporation. At the Business Combination Closing Date: ● all outstanding warrants to purchase shares of Legacy MoneyLion preferred stock or Legacy MoneyLion Common Stock (“Legacy MoneyLion Warrants”) were either exercised and ultimately converted into shares of Legacy MoneyLion Common Stock or terminated; ● 11,231,595 outstanding shares of Legacy MoneyLion Common Stock (which includes the shares of Legacy MoneyLion Common Stock issued to former holders of Legacy MoneyLion Warrants) were cancelled in exchange for the right to receive 184,285,695 shares of MoneyLion Class A Common Stock; ● 2,360,627 outstanding and unexercised options to purchase shares of Legacy MoneyLion Common Stock (“Legacy MoneyLion Options”) converted into options to acquire 38,732,676 shares of MoneyLion Class A Common Stock, of which 18,861,298 options are vested and 19,871,378 options are unvested; and ● each holder of an outstanding share of Legacy MoneyLion Common Stock (following the Conversion) and/or Legacy MoneyLion Options (each such holder, an “Earnout Participant”) also received the right to receive the applicable pro rata portion of MoneyLion Class A Common Stock (the “Earnout Shares”) with respect to each share of MoneyLion Class A Common Stock or option exercisable for shares of MoneyLion Class A Common Stock, contingent upon MoneyLion Class A Common Stock reaching certain price milestones. 7.5 million and 10.0 million shares of MoneyLion Class A Common Stock will be issued if the MoneyLion Class A Common Stock share price equals or is greater than $12.50 and $16.50, respectively, for twenty out of any thirty consecutive trading days within five years of the Business Combination Closing Date. The Earnout Shares meet the conditions for equity classification in accordance with ASC 815-40. In connection with the Business Combination Closing, holders of 25,887,987 shares of Fusion’s Class A common stock sold in its initial public offering (the “public shares”) exercised their right to have such shares redeemed for a pro rata portion of the proceeds from Fusion’s initial public offering held in Fusion’s trust account plus interest, calculated as of two business days prior to the consummation of the Business Combination, or approximately $10.00 per share and approximately $258,896 in the aggregate (the “Redemptions”). The consummation of the Business Combination Transactions resulted in approximately $293,239 in cash proceeds to MoneyLion, net of transaction expenses. Following the Redemptions and the issuance of PIPE Shares in connection with the PIPE Financing, 42,862,013 public shares remained outstanding (consisting of 25,000,000 shares held by PIPE Investors, 8,750,000 shares held by Fusion Sponsor LLC and 9,112,013 shares held by Fusion public stockholders). Upon consummation of the Business Combination Transactions: ● each outstanding share of Fusion Class B common stock automatically converted into one share of MoneyLion Class A Common Stock; and ● outstanding warrants to purchase the common stock of Fusion automatically converted into warrants to purchase shares of MoneyLion Class A Common Stock. As of the Business Combination Closing Date and following the completion of the sale of 25,000,000 shares of MoneyLion Class A Common Stock in the PIPE Financing, MoneyLion had the following outstanding securities: ● 227,147,708 shares of MoneyLion Class A Common Stock; ● 38,732,676 MoneyLion options, of which options to purchase 18,861,298 shares of MoneyLion Class A Common Stock were vested and options to purchase 19,871,378 shares of MoneyLion Class A Common stock were unvested; and ● 17,500,000 public warrants, each exercisable for one share of MoneyLion Class A Common Stock at a price of $11.50 per share and 8,100,000 private placement warrants, each exercisable for one share of MoneyLion Class A Common Stock at a price of $11.50 per share (assumed from Fusion). Conversion of Legacy MoneyLion shares was calculated utilizing the exchange ratio of approximately 16.4078 per share of MoneyLion Class A Common Stock (the “Exchange Ratio”). The Business Combination was accounted for as a reverse recapitalization in accordance with GAAP. Under the guidance in ASC 805, Legacy MoneyLion is treated as the “acquirer” for financial reporting purposes. As such, Legacy MoneyLion is deemed the accounting predecessor of the combined business, and MoneyLion, as the parent company of the combined business, is the successor SEC registrant, meaning that Legacy MoneyLion’s financial statements for previous periods are disclosed in the registrant’s periodic reports filed with the SEC following the Business Combination. The Business Combination had a significant impact on the MoneyLion’s reported financial position and results as a consequence of the reverse recapitalization. The most significant change in MoneyLion’s reported financial position and results was an estimated net increase in cash (as compared to the MoneyLion’s consolidated balance sheet at December 31, 2020) of approximately $293,239. This included approximately $250,000 in proceeds from the PIPE Financing that was consummated substantially simultaneously with the Business Combination, offset by additional transaction costs incurred in connection with the Business Combination. The transaction costs for the Business Combination were approximately $56,638, of which $13,150 represents deferred underwriter fees related to Fusion’s initial public offering. As of December 31, 2021, $3,673 in transaction costs remained unpaid. The transaction closed on September 22, 2021, and on the following day the MoneyLion Class A Common Stock and Public Warrants began trading on the New York Stock Exchange under the symbols “ML” and “ML WS”, respectively, for trading in the public market.

Receivables

Receivables	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
RECEIVABLES	4. RECEIVABLES The Company’s finance receivables consist of secured personal loans, unsecured personal loans and principal amounts of Instacash advances. Accrued interest receivables represent the interest accrued on the loan receivables based upon the daily principal amount outstanding. Fees receivables represent the amounts due to the Company for tips and instant transfer fees related to the Instacash advance product. Membership receivables represent the amounts billed to customers for membership subscription services. The credit quality and future repayment of finance 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 advance terms. When assessing provision for losses on finance receivables, the Company takes into account the composition of the outstanding finance receivables, charge-off rates to date and the forecasted principal loss rates. Please see the tables below for the finance receivable activity, charge-off rates and aging by product for the twelve months ended December 31, 2021 and 2020. The Company has experienced significant growth in Instacash, a shorter-term advance product with lower charge-off rates than loans. As Instacash has become a larger component of finance receivable activity, the overall charge-off rate has decreased significantly. Receivables consisted of the following: December 31, December 31, 2021 2020 Unsecured personal loan receivables $ 1 $ 66 Secured personal loan receivables 77,491 43,804 Loan receivables 77,492 43,870 Instacash receivables 62,783 18,888 Finance receivables 140,275 62,758 Fees receivable 8,366 2,913 Membership receivables 3,099 1,885 Deferred loan origination costs 929 615 Accrued interest receivable 1,072 623 Receivables, before allowance for loan losses $ 153,741 $ 68,794 Changes in the allowance for losses on receivables were as follows: Twelve Months Ended 2021 2020 Beginning balance $ 9,127 $ 6,613 Provision for loss on receivables 60,749 21,294 Receivables charged off (75,557 ) (39,004 ) Recoveries 28,004 20,224 Ending balance $ 22,323 $ 9,127 Changes in allowance for losses on finance receivables were as follows: Twelve Months Ended 2021 2020 Beginning balance $ 9,127 $ 6,613 Provision for loss on receivables 51,975 18,082 Finance receivables charged off (65,711 ) (33,719 ) Recoveries 26,234 18,151 Ending balance $ 21,625 $ 9,127 Changes in allowance for losses on membership receivables were as follows: Twelve Months Ended 2021 2020 Beginning balance $ - $ - Provision for loss on receivables 3,170 1,856 Membership receivables charged off (3,446 ) (3,620 ) Recoveries 554 1,764 Ending balance $ 278 $ - Changes in allowance for losses on fees receivable were as follows: Twelve Months Ended 2021 2020 Beginning balance $ - $ - Provision for loss on receivables 5,604 1,356 Fees receivable charged off (6,400 ) (1,665 ) Recoveries 1,216 309 Ending balance $ 420 $ - The following is an assessment of the credit quality of finance receivables as of December 31, 2021 and 2020 and presents the contractual delinquency of the finance receivable portfolio: December 31, December 31, Amount Percent Amount Percent Current $ 122,477 87.3 % $ 54,247 86.4 % Delinquency: 31 to 60 days 13,397 9.6 % 6,148 9.8 % 61 to 90 days 4,401 3.1 % 2,363 3.8 % Total delinquency 17,798 12.7 % 8,511 13.6 % Finance receivables before allowance for loan losses $ 140,275 100.0 % $ 62,758 100.0 % The following is an assessment of the credit quality of loans as of December 31, 2021 and 2020 and presents the contractual delinquency of the finance receivable loans portfolio: December 31, December 31, Amount Percent Amount Percent Current $ 66,514 85.8 % $ 38,133 86.9 % Delinquency: 31 to 60 days 6,577 8.5 % 3,374 7.7 % 61 to 90 days 4,401 5.7 % 2,363 5.4 % Total delinquency 10,978 14.2 % 5,737 13.1 % Loan receivables before allowance for loan losses $ 77,492 100.0 % $ 43,870 100.0 % The following is an assessment of the credit quality of Instacash as of December 31, 2021 and 2020 and presents the contractual delinquency of the finance receivable Instacash portfolio: December 31, December 31, Amount Percent Amount Percent Current $ 55,963 89.1 % $ 16,114 85.3 % Delinquency: 31 to 60 days 6,820 10.9 % 2,774 14.7 % 61 to 90 days - 0.0 % - 0.0 % Total delinquency 6,820 10.9 % 2,774 14.7 % Instacash receivables before allowance for loan losses $ 62,783 100.0 % $ 18,888 100.0 % The following is an assessment of the credit quality of membership receivables as of December 31, 2021 and 2020 and presents the contractual delinquency of the membership receivable portfolio: December 31, December 31, Amount Percent Amount Percent Current $ 2,227 71.8 % $ 1,586 84.1 % Delinquency: 31 to 60 days 514 16.6 % 168 9.0 % 61 to 90 days 358 11.6 % 131 6.9 % Total delinquency 872 28.2 % 299 15.9 % Membership receivables before allowance for loan losses $ 3,099 100.0 % $ 1,885 100.0 % The following is an assessment of the credit quality of fees receivable as of December 31, 2021 and 2020 and presents the contractual delinquency of the fees receivable portfolio: December 31, December 31, Amount Percent Amount Percent Current $ 6,682 79.9 % $ 2,435 83.6 % Delinquency: 31 to 60 days 1,684 20.1 % 478 16.4 % 61 to 90 days - 0.0 % - 0.0 % Total delinquency 1,684 20.1 % 478 16.4 % Fees receivable before allowance for loan losses $ 8,366 100.0 % $ 2,913 100.0 %

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment consisted of the following: December 31, December 31, 2021 2020 Leasehold improvements $ 545 $ 464 Furniture and fixtures 573 448 Computers and equipment 2,209 796 3,327 1,708 Less: accumulated depreciation (1,526 ) (1,206 ) Furniture and equipment, net $ 1,801 $ 502 Total depreciation expense related to property and equipment was $343 and $317 for the twelve months ended December 31, 2021 and 2020, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Intangible Assets [Abstract]
INTANGIBLE ASSETS	6. INTANGIBLE ASSETS Goodwill as of December 31, 2021 and 2020 was $52,541 and $21,565, respectively. The increase relates to goodwill acquired from the acquisition of MALKA. See Note 17, “Mergers and Acquisitions,” for more information regarding goodwill and other intangible assets acquired from MALKA. Intangible assets consisted of the following: December 31, December 31, Useful Life 2021 2020 Capitalized internal-use software 3 years $ 5,493 $ 5,374 Work in process 1,481 1,481 Proprietary technology 7 years 6,130 6,130 Customer relationships 15 years 5,960 - Trade names 15 years 11,820 - Less: accumulated amortization (5,760 ) (3,710 ) Intangible assets, net $ 25,124 $ 9,275 For the twelve months ended December 31, 2021 and 2020, total amortization expense was $2,049 and $791, respectively. The following table summarizes estimated future amortization expense of intangible assets placed in service at December 31, 2021 for the years ending: 2022 $ 2,648 2023 2,221 2024 2,072 2025 2,061 2026 2,061 Thereafter 12,580 $ 23,643

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2021
Other Assets [Abstract]
OTHER ASSETS	7. OTHER ASSETS Other assets consisted of the following: December 31, December 31, 2021 2020 Receivable from payment processor - Debit card collections $ 16,681 $ 5,600 Receivable from payment processor - Other 3,156 1,936 Prepaid expenses 8,836 1,591 Other 5,757 2,580 Total other assets $ 34,430 $ 11,707

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Variable Interest Entities [Abstract]
VARIABLE INTEREST ENTITIES	8. VARIABLE INTEREST ENTITIES The following table summarizes the VIEs’ assets and liabilities included in the Company’s consolidated financial statements, after intercompany eliminations, as of December 31, 2021 and 2020: December 31, December 31, 2021 2020 Assets: Cash $ - $ 390 Restricted cash 39,396 - Finance receivables 109,877 60,845 Allowance for losses on finance receivables (17,081 ) (8,581 ) Finance receivables, net 92,796 52,264 Total assets $ 132,192 $ 52,654 Liabilities: Other debt $ 143,000 - Total liabilities $ 143,000 $ - By December 2021, IIA and the IIA Notes SPVs became indirect wholly owned MoneyLion subsidiaries, removing the variable interest in those entities. See Note 1. “Description of Business and Basis of Presentation” for more information. Beginning in the fourth quarter of 2021, MoneyLion transitioned its primary source of funding for originated receivables from IIA to special purpose vehicle financings from third-party lenders (the “SPV Credit Facilities”). The Company may sell certain loan and Instacash receivables to wholly owned, bankruptcy-remote special purpose subsidiaries (the “SPV Borrowers”), which pledge such receivables as collateral to support the financing of additional receivables. The underlying loan and Instacash receivables are originated and serviced by other wholly owned subsidiaries of the Company. The SPV Borrowers are required to maintain pledged collateral consisting of loan and Instacash receivables with a net asset balance that equals or exceeds 90% of the aggregate principal amounts of the loans financed through the SPV Credit Facilities. Proceeds received from the SPV Credit Facilities can only be used to purchase loans and Instacash receivables. The payments and interest, as applicable, received from the loans and Instacash receivables held by the SPV Borrowers are used to repay obligations under the SPV Credit Facilities. While the SPV Credit Facilities and related agreements provide assurances to the third-party lenders regarding the quality of loan and Instacash receivables and certain origination and servicing functions to be performed by other wholly owned subsidiaries of the Company, the third-party lender may absorb losses in the event that the payments and interest, as applicable, received in connection with the loan and Instacash receivables are not sufficient to repay the loans made through the SPV Credit Facilities. The Company is required to evaluate the SPV Borrowers for consolidation, which the Company has concluded are VIEs. The Company has the ability to direct the activities of the SPV Borrowers that most significantly impact the economic performance of the wholly owned subsidiaries that act as the originators and servicer of the loan and Instacash receivables held by the SPV Borrowers. Additionally, the Company has the obligation to absorb losses related to the pledged collateral in excess of the aggregate principal amount of the receivables and the right to proceeds related to the excess loan and Instacash receivables securing the SPV Credit Facilities once all loans and interest under such SPV Credit Facilities are repaid, which exposes the Company to losses and returns that could potentially be significant to the SPV Borrowers. Accordingly, the Company determined it is the primary beneficiary of the SPV Borrowers and is required to consolidate them as indirect wholly owned VIEs. For more information, see Note 9. “Debt” for discussion of the ROAR 1 SPV Credit Facility and the ROAR 2 SPV Credit Facility.

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT	9. DEBT SPV Debt Agreements 6.75% Bank Loan — Second Lien Loan First Lien Loan — Subordinated Convertible Notes In January 2021, the Company sold to third-party lenders $36,750 of 3% subordinated convertible notes as part of the same series of notes issued in December 2020 maturing on July 31, 2021 (collectively, the “Subordinated Convertible Notes”), the proceeds of which were used to conduct its business. Upon maturity or certain events, the Subordinated Convertible Notes could have been converted into preferred shares at conversion prices as defined in the Subordinated Convertible Notes. In July 2021, the Subordinated Convertible Note agreements were amended to extend the maturity date to September 30, 2021. The Company elected the fair value option to account for the Subordinated Convertible Notes. The Company recorded the Subordinated Convertible Notes at fair value and subsequently remeasured it to fair value at the reporting date. Changes in fair value were recognized as a component of operating expenses in the consolidated statements of operations under Change in fair value of subordinated convertible notes. On September 22, 2021, the Business Combination was completed and the Subordinated Convertible Notes were converted into a total of 10,068,133 shares of MoneyLion Class A Common Stock. Prior to the conversion, the carrying value of the Subordinated Convertible Notes was $92,627. Other Debt In August 2016, the Company entered into a $50,000 credit and security agreement (the “2016 Credit Agreement”) with a lender for the funding of finance receivables. The 2016 Credit Agreement allowed for increases in the maximum borrowings under the agreement up to $500,000, bore interest at a rate as defined in the 2016 Credit Agreement and matured in February 2023. The 2016 Credit Agreement also required the Company to adhere to certain financial covenants along with certain other financial reporting requirements. The Company did not meet certain of these covenant requirements as of December 31, 2019, for which it received a waiver from the lender. The 2016 Credit Agreement was terminated upon the Business Combination Closing by mutual agreement of the Company and the lender; there was no outstanding balance under the 2016 Credit Agreement at the time of termination. In connection with the 2016 Credit Agreement, the Company granted warrants allowing the lender to purchase up to 2.5% of Legacy MoneyLion’s outstanding common stock, or 255,402 warrants. All tranches were exercised and converted into MoneyLion Class A Common Stock in connection with the Business Combination. In April 2020, the Company borrowed $3,207 from a bank under the U.S. Small Business Administration’s (“SBA”) Paycheck Protection Program introduced as part of the U.S. Government’s COVID-19 relief efforts (the “PPP Loan”). In June 2021, the SBA approved the Company’s application for forgiveness with respect to the entire outstanding balance of the PPP Loan of $3,207 which resulted in a gain which is included as a component of other operating (income) expenses in the consolidated statements of operations during the twelve months ended December 31, 2021. 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 (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. As of December 31, 2021, there was a $78,000 outstanding principal balance under the ROAR 1 SPV Credit Facility. The principal balance is secured by $61,732 of finance receivables. In December 2021, ROAR 2 SPV Finance LLC, an indirect wholly owned subsidiary of the Company (the “ROAR 2 SPV Borrower”), entered into a $125,000 credit agreement (the “ROAR 2 SPV Credit Facility”) with a lender for the funding of finance receivables, which secure the ROAR 2 SPV Credit Facility. The ROAR 2 SPV Credit Facility allows for increases in maximum borrowings under the agreement of up to $300,000, bears interest at a rate of 12.5% and matures in December 2025, unless it is extended to December 2026. Under the terms of the ROAR 2 SPV Credit Facility, the ROAR 2 SPV Borrower is subject to certain covenants. As of December 31, 2021, there was a $68,000 outstanding principal balance under the ROAR 2 SPV Credit Facility. The principal balance is secured by $48,145 of finance receivables. Debt Maturities

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES For the years ended December 31, 2021 and 2020, income tax expense computed at the federal statutory income tax rate of 21% differed from the recorded amount of income tax expense due primarily to state income taxes and permanent differences. A reconciliation of the federal statutory income tax rate to the effective tax rate is as follows: Years Ended 2021 2020 Federal statutory rate $ (37,290 ) 21.00 % $ (14,112 ) 21.00 % Effect of: State taxes, net of federal tax benefit (6,324 ) 3.56 % (1,377 ) 2.05 % Deferred rate change (367 ) 0.21 % (89 ) 0.13 % Change in fair value of subordinated convertible notes 8,794 (4.95 )% — — % Change in fair value of warrant liability 8,322 (4.69 )% — — % Accrued dividends on redeemable convertible preferred stock — — % 3,614 (5.38 )% Return to provision 3,453 (1.94 )% Other permanent differences (473 ) 0.27 % 3,320 (4.94 )% Other 1,180 (0.66 )% 1,084 (1.61 )% Change in valuation allowance 22,761 (12.83 )% 7,566 (11.26 )% Total $ 56 (0.03 )% $ 6 (0.01 )% The income tax (benefit) expense is as follows: Years Ended 2021 2020 Current: Federal $ — $ — State 56 6 56 6 Deferred taxes — — Income tax benefit $ 56 $ 6 The tax effects of the primary temporary differences included in net deferred tax assets and liabilities are shown in the following table: December 31, 2021 2020 Net operating loss carryforwards $ 72,867 $ 57,092 Allowance for losses on finance receivables 6,318 2,283 Research and development credit 1,173 1,173 Stock compensation 326 206 Legal reserve 465 — Other 2,317 387 Total deferred tax assets, gross 83,466 61,141 Less: valuation allowance (81,860 ) (59,099 ) Total deferred tax assets, net 1,606 2,042 Deferred finance receivable fees and costs, net (261 ) (154 ) Depreciation of furniture and equipment (1,312 ) (1,888 ) Other (33 ) — Total deferred tax liabilities (1,606 ) (2,042 ) Total deferred tax assets (liabilities), net $ — $ — As of December 31, 2021 and 2020, the Company maintained a valuation allowance of $81,860 and $59,099, respectively. The valuation allowance was recorded due to the fact that the Company has incurred operating losses to date and is unable to forecast when such deferred tax assets will be utilized. There was no other activity in the valuation allowance accounting during 2021 and 2020. Realization of deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain. Accordingly, the net deferred tax assets have been fully offset by a valuation allowance. The valuation allowance increased by $22,761 and $7,566 during the twelve months ended December 31, 2021 and 2020, respectively. Total U.S. federal and state operating loss carryforwards as of December 31, 2021 and 2020 were approximately $517,700 and $377,300, respectively. U.S. federal net operating loss carryforwards begin to expire in 2033, and state operating loss carryforwards begin to expire in 2027. U.S. Federal net operating losses of approximately $248,600 carry forward indefinitely. As of December 31, 2021, the Company’s federal research and development credit carryforwards for income tax purposes were approximately $1,200. If not used, the current carryforwards will expire beginning in 2034. The Company primarily files income tax returns in the United States federal jurisdiction and various states. The Company’s U.S. federal returns and state returns are no longer subject to income tax examinations for taxable years before 2018. The Company has performed a review to determine whether the future utilization of net operating loss and credit carryforwards will be restricted due to ownership changes that have occurred. The study determined that there will be no utilization limit after December 31, 2025. The review did not consider whether the future utilization of net operating loss and credit carryforwards will be restricted under IRC sections 382 and 383 due to ownership changes that occurred in the MALKA acquisition. However, based on the value of the Company at the date of change, the Company believes that there would not be a limitation triggered by the ownership change and therefore would not result in any adjustment to the deferred tax assets. Due to the net operating loss carryforwards, the statute of limitations remains open for federal and state returns.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2021
Common Stock [Abstract]
COMMON STOCK	11. COMMON STOCK Following the Business Combination Closing on September 22, 2021, 970,000 shares of MoneyLion Class A Common Stock were redeemed for $9,700.

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock	12 Months Ended
	Dec. 31, 2021
Redeemable Convertible Preferred Stock [Abstract]
REDEEMABLE CONVERTIBLE PREFERRED STOCK	12. REDEEMABLE CONVERTIBLE PREFERRED STOCK Each share of Legacy MoneyLion’s redeemable convertible preferred stock was convertible at the option of the holder, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into a number of fully paid and non-assessable shares of Legacy MoneyLion Common Stock as could be determined by dividing the applicable original issue price by the applicable conversion price in effect at the time of conversion. Pursuant to the Merger Agreement, all outstanding shares of Legacy MoneyLion’s redeemable convertible preferred stock automatically converted into 116,264,374 shares of MoneyLion Class A Common Stock after giving effect to the Exchange Ratio upon the Business Combination Closing. See Note 3, “Business Combination” for additional information on the Business Combination.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	13. STOCK-BASED COMPENSATION 2014 Stock Option Plan Prior to the Business Combination, MoneyLion’s Amended and Restated 2014 Stock Option Plan (the “2014 Plan”) allowed the Company to provide benefits in the form of stock options. The Company had designated a total of 2,492,060 shares of common stock to the 2014 Plan. Upon the Business Combination Closing, the remaining unallocated share reserve under the 2014 Plan was cancelled and no new awards will be granted under such plan. 2021 Stock Incentive Plan At the Special Meeting, Fusion stockholders approved the Omnibus Incentive Plan (the “2021 Plan”). As of the Business Combination Closing, each Legacy MoneyLion Option that was outstanding and unexercised as of immediately prior to the Business Combination Closing Date automatically converted into the right to receive an option to acquire a number of shares of MoneyLion Class A Common Stock equal to the number of shares of Legacy MoneyLion Common Stock subject to such MoneyLion Option as of immediately prior to the Business Combination Closing Date, multiplied by the Exchange Ratio (rounded down to the nearest whole share), at an exercise price per share equal to the exercise price per share of such Legacy MoneyLion Option in effect immediately prior to the Business Combination Closing Date, divided by the Exchange Ratio (rounded up to the nearest whole cent). The intent behind the terms in the Merger Agreement related to the exchange of the Legacy MoneyLion Options was to provide the holders with awards of equal value to the original awards. Accordingly, the impact of the conversion was such that the number of shares issuable under the modified awards and the related exercise prices were adjusted using the Exchange Ratio with all other terms remaining unchanged. The conversion ratio adjustment was without substance (akin to a stock split), and therefore, the effect of the change in the number of shares and the exercise price and share value were equal and offsetting to one another. As a result, the fair value of the modified awards was equal to the fair value of the awards immediately before the modification and, therefore, there was no incremental compensation expense that should be recognized. There were no changes to the vesting period within the plan. The 2021 Plan permits the Company to deliver up to 56,697,934 shares of MoneyLion Class A Common Stock pursuant to awards issued under the 2021 Plan, including 17,712,158 shares of MoneyLion Class A Common Stock and up to 38,985,776 shares of MoneyLion Class A Common Stock subject to outstanding prior awards. The number of shares of MoneyLion Class A Common Stock reserved for issuance under the 2021 Plan will automatically increase on each of January 1, 2022 and January 1, 2023 by an amount equal to the lesser of (i) 2% of the total number of outstanding shares of MoneyLion Class A Common Stock on December 31 st Stock-based compensation of $5,039 and $1,650 was recognized during the twelve months ended December 31, 2021 and 2020, respectively. During 2021, the Company issued 627,228 restricted stock units (“RSUs”) at a weighted average grant date fair value per share of $5.97. All of RSUs remain unvested and outstanding as of December 31, 2021 and have unamortized expense of $3,344 which will be recognized over a weighted average of 2.15 years. The weighted average grant date fair value of options granted during the twelve months ended December 31, 2021 and 2020 was $1.50 and $0.38, respectively. These prices were determined using the Black-Scholes Merton option pricing model, which analyzes volatility, lack of marketability, and comparable companies, among other factors in determining the fair value of each share granted. Options granted generally vest over four years and expire ten years from the grant date. Assumptions used for the options granted during the twelve months ended December 31, 2021 and 2020 are as follows: Twelve Months Ended 2021 2020 Expected Volatility 65 % 65 % Expected Dividend - - Expected Term in Years 6.08 6.08 Expected Forfeitures - % - % Risk Free Interest Rate 0.59%-0.67 % 0.34%-1.47 % The following table represents activity within the 2021 Plan since December 31, 2020: Number Weighted Weighted Aggregate Options outstanding at December 31, 2020 35,453,516 $ 0.38 8.1 Years $ 266,548 Options granted 6,524,723 2.57 Options exercised (2,062,803 ) 0.34 $ (13,268 ) Options forfeited (539,915 ) 0.93 Options expired (1,916,974 ) 0.20 Options outstanding at December 31, 2021 37,458,547 $ 0.80 7.6 Years $ 121,108 Exercisable at December 31, 2021 17,764,012 0.36 6.8 Years $ 65,265 Unvested at December 31, 2021 19,694,535 $ 1.19 6,977,038 options vested during the twelve months ended December 31, 2021 with an aggregate intrinsic value of $24,982. Total compensation cost related to unvested options not yet recognized as of December 31, 2021 was $11,911 and will be recognized over a weighted average of 2.8 years.

Stock Warrants

Stock Warrants	12 Months Ended
	Dec. 31, 2021
Stock Warrants [Abstract]
STOCK WARRANTS	14. STOCK WARRANTS Public Warrants and Private Placement Warrants As a result of the Business Combination, MoneyLion acquired from Fusion, as of September 22, 2021, public warrants outstanding to purchase an aggregate of 17,500,000 shares of the MoneyLion Class A Common Stock (the “Public Warrants”) and private placement warrants outstanding to purchase an aggregate of 8,100,000 shares of the MoneyLion Class A Common Stock (the “Private Placement Warrants” and together with the Public Warrants, the “warrants”). Each whole warrant entitles the registered holder to purchase one whole share of MoneyLion Class A Common Stock at a price of $11.50 per share, at any time commencing on 12 months from closing of Fusion’s initial public offering. Redemption of Warrants for Cash The Company may call the warrants for redemption: ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon not less than 30 days’ prior written notice of redemption to each warrant holder; and ● if, and only if, the closing price of the MoneyLion Class A Common Stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock capitalizations, reorganizations, recapitalizations and the like and for certain issuances of MoneyLion Class A Common Stock and equity-linked securities for capital raising purposes in connection with the Business Combination Closing for any 20 trading days within a 30-trading day period ending three business days before we send to the notice of redemption to the warrant holders). If and when the warrants become redeemable, the Company may exercise the redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. The Private Placement Warrants are identical to the Public Warrants except that the Private Placement Warrants are exercisable on a cashless basis and are non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. Except as described above, if holders of the Private Placement Warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering the warrants for that number of shares of MoneyLion Class A Common Stock equal to the quotient obtained by dividing the product of the number of shares of Money Lion Class A Common Stock underlying the warrants multiplied by the excess of the “historical fair market value” (defined below) less the exercise price of the warrants, by the historical fair market value. For these purposes, the “historical fair market value” shall mean the average last reported sale price of the MoneyLion Class A Common Stock. Stock for the 10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent to the warrant agent. The Public Warrants meet the conditions for equity classification in accordance with ASC 815-40. At the time of the Merger, the Public Warrants assumed by the Company were recorded at fair value within additional paid-in capital in the amount of $23,275. As of December 31, 2021, the aggregate value of the Private Placement Warrants was $8,260, representing Private Placement Warrants outstanding to purchase 8,100,000 shares of MoneyLion Class A Common Stock. The Private Placement Warrants are accounted for as liabilities in accordance with ASC 815-40 and are presented within warrants payable on the consolidated balance sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of warrants payable in the consolidated statement of operations. The Private Placement Warrants are measured at fair value on a recurring basis. The Private Placement Warrants were valued using a Black-Scholes Option Pricing Model, which is calculated using Level 3 inputs. The primary unobservable inputs utilized in determining fair value of the Private Placement Warrants is the expected volatility of the MoneyLion Class A Common Stock. The following table presents the quantitative information regarding Level 3 fair value measurement of warrants: December 31, 2021 Strike price $ 11.50 Expected Volatility 61 % Expected Dividend - Expected Term in Years 4.73 Risk Free Interest Rate 1.22 % Warrant Value Per Share 1.02 The following table presents the changes in the fair value of the warrants: December 31, Private Placement Warrants Initial Measurement, September 22, 2021 $ 29,466 Mark-to-market adjustment $ (21,206 ) Warrants payable balance, December 31, 2021 $ 8,260 Legacy MoneyLion Warrants See Note 3, “Business Combination” for details on the Legacy MoneyLion Warrants.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
NET LOSS PER SHARE	15. NET LOSS PER SHARE The following table sets forth the computation of net loss per common share for the twelve months ended December 31, 2021 and 2020: Twelve Months Ended 2021 2020 Numerator: Net loss $ (164,875 ) $ (41,587 ) Net income attributable to redeemable noncontrolling interests (12,776 ) (8,409 ) Accretion of issuance costs on redeemable convertible preferred stock - - Reversal of previously accrued (accrual of) dividends on redeemable convertible preferred stock 42,728 (17,209 ) Net loss attributable to common shareholders $ (134,923 ) $ (67,205 ) Denominator: Weighted-average common shares outstanding - basic and diluted (1) 97,158,738 45,177,217 Net loss per share attributable to common stockholders - basic and diluted $ (1.39 ) $ (1.49 ) (1) Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion’s Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details. Additionally, included within net income attributable to common stockholders for the twelve months ended December 31, 2021 is an adjustment to reflect the reversal of previously accrued dividends on redeemable convertible preferred stock in the amount of $56,931 which were forfeited by the preferred stockholders in conjunction with the Business Combination. The Company’s potentially dilutive securities, which include stock options, RSUs, preferred stock and warrants to purchase shares of common stock and preferred 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. The Company excluded the following potential common shares from the computation of diluted net loss per share because including them would have an anti-dilutive effect for the twelve months ended December 31, 2021 and 2020: December 31, 2021 2020 Conversion of redeemable convertible preferred stock (1) - 116,264,358 Warrants to purchase common stock and redeemable convertible preferred stock (1) 25,599,889 14,738,710 RSUs and options to purchase common stock (1) 38,085,775 35,453,516 Right to receive Earnout Shares 17,500,000 - Total common stock equivalents 81,185,664 166,456,584 (1) Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination” for details.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES Lease Commitments The total minimum lease payments as of December 31, 2021 are as follows: 2022 $ 776 2023 788 2024 811 2025 590 2026 140 Thereafter - $ 3,105 Rent expense totaled $997 and $1,233 for the years ended December 31, 2021 and 2020, respectively. Legal Matters— With respect to the Company’s activities in Minnesota, the Company received information requests in 2019, 2020 and 2021 from the Minnesota Department of Commerce (“Minnesota DOC”) regarding an investigation relating to the Company’s lending activity in Minnesota and its membership program. The Minnesota DOC previously informed the Company that it was no longer pursuing the investigation regarding the Company’s membership program but continued the investigation into lending activity. In December 2021, the Company signed a settlement order with the Minnesota DOC, which had no material impact on the Company’s financial condition or operations. The Company is also in the process of responding to Civil Investigative Demands (“CIDs”) or other investigatory requests relating to its provision of consumer financial services from the office of the Attorney General of the Commonwealth of Virginia, the New York Attorney General’s Office, as well as the Colorado Department of Law. The Company is cooperating with each of these state regulators and intends to take any corrective actions required to maintain compliance with applicable state laws. The Company cannot predict the outcome or any potential impact on its financial condition or operations at this time. In 2019, 2020 and 2021, the Company received CIDs from the Consumer Financial Protection Bureau (the “CFPB”) relating to the Company’s compliance with the Military Lending Act and its membership model. The Company will continue to provide to the CFPB all of the information and documents required by the CIDs and intends to continue to fully cooperate with the CFPB in this investigation. The investigation is ongoing and any potential impact on the Company’s financial condition or operations are unknown at this time. In February and March 2021, the Company received investigative subpoenas from the Securities and Exchange Commission concerning IIA, which primarily held assets from institutional investors and was the Company’s primary source of funding for originated receivables through the end of the fourth quarter of 2021. The Company is cooperating with the investigation and cannot predict its outcome or any potential impact on the Company’s financial condition or operations.

Mergers and Acquisitions

Mergers and Acquisitions	12 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
MERGERS AND ACQUISITIONS	17. MERGERS AND ACQUISITIONS MALKA The total purchase price of the MALKA Acquisition was approximately $52,685. MoneyLion issued 4,181,441 restricted shares of MoneyLion Class A Common Stock and paid $10,000 in cash to the sellers in exchange for all of the issued and outstanding membership interests of MALKA. MoneyLion also paid down $2,196 of MALKA debt facilities. The sellers may earn up to an additional $35 million payable in restricted shares of MoneyLion Class A Common Stock if MALKA’s revenue and EBITDA exceeds certain targets in 2021 and 2022. The $35 million payable in restricted shares based on 2021 and 2022 operating performance was valued at $11,782 as of the acquisition. As of December 31, 2021, the payable in restricted shares based on 2021 and 2022 operating performance was valued at $18,011 and was included in accounts payable and accrued liabilities on the consolidated balance sheet as of December 31, 2021. The $6,229 change in fair value since the MALKA Acquisition was included on the consolidated statement of operations as the change in fair value of contingent consideration from mergers and acquisitions. The fair value of MALKA’s acquired assets and liabilities were as follows: November 15, 2021 Assets Cash and cash equivalents $ 51 Property and equipment 1,281 Intangible assets 17,780 Goodwill 30,976 Other assets 4,858 Total assets 54,946 Liabilities and Equity Liabilities: Accounts payable and accrued liabilities 2,261 Total liabilities 2,261 Net assets and liabilities acquired $ 52,685 Wealth Technologies Inc.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTIES	18. RELATED PARTIES In the ordinary course of business, we may enter into transactions with directors, principal officers, their immediate families, and affiliated companies in which they are principal stockholders (commonly referred to as “related parties”). During the year ended December 31, 2020, the Company earned affiliate revenue through an arrangement with an affiliated company in which the Company’s Chief Financial Officer holds a minority financial interest. The revenues related to this agreement included within the consolidated statement of operations were immaterial during the year ended December 31, 2020. The amounts due from the related party were not material as of December 31, 2020. There was no such activity during the year ended December 31, 2021. In April 2020, the Company entered into a $5,000 secured loan facility with a lender that is controlled by a significant holder of Legacy MoneyLion’s redeemable convertible preferred stock. On August 27, 2021, the Company entered into an amendment that refinanced the secured loan facility with a non-related party lender. Interest expense included within the consolidated statement of operations was $421 during the year ended December 31, 2020. In December 2020, the Company acquired 100% of the outstanding common stock and Series A redeemable convertible preferred shares of WTI. The co-founder and equity holder of WTI was also a significant stockholder of Legacy MoneyLion’s redeemable convertible preferred stock and was the Legacy MoneyLion Chairman as of the date of the transaction. For more information about the transaction, see Note 17, “Mergers and Acquisitions.” Additionally, some of our directors hold financial interests in separate entities, which the Company utilized in the ordinary course of business during the years ended December 31, 2021 and 2020. The activity during the year ended December 31, 2020 was not material. The Company is party to an Amended and Restated Marketing Consulting Agreement, dated as of May 11, 2021 and as amended from time to time (the “Marketing Consulting Agreement”), with LeadGen Data Services LLC (“LeadGen”), pursuant to which LeadGen provides the Company with certain marketing, consumer acquisition, lead generation and other consulting services. For the year ended December 31, 2021, MoneyLion paid $6,624 to LeadGen and earned $7,083 of revenue under the Marketing Consulting Agreement.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS The Company has evaluated subsequent events through March 17, 2022, the date on which these consolidated financial statements were available to be issued, and concluded that the following subsequent events were required to be disclosed: Even Financial, Inc. Acquisition— Founded in 2014, Even Financial digitally connects and matches consumers with real-time personalized financial product recommendations from banks, insurance and fintech companies on mobile apps, websites and other consumer touchpoints through its marketplace technology. Even Financial’s infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial institutions and channel partners via its industry-leading API and embedded finance marketplaces. The Even Acquisition strengthens MoneyLion’s platform by improving consumers’ abilities to find and access the right financial products to help them manage their financial lives. Even Financial’s growing network includes over 400 financial institution partners and 500 channel partners, covering a breadth of financial services including loans, credit cards, mortgages, savings and insurance products. The Even Acquisition also expands MoneyLion’s addressable market, extends the reach of MoneyLion’s own products, diversifies its revenue mix and furthers MoneyLion’s ambition to be the premier financial super app for hardworking Americans. At the closing of the Even Acquisition, the Company (i) issued to the equityholders of Even Financial an aggregate of 28,164,811 shares of the Series A Convertible Preferred Stock, par value $0.0001 per share, of the Company (the “Preferred Stock”), with a face value of $10.00 per share (the “Conversion Price”), (ii) paid to certain Even Financial management equityholders approximately $14.5 million in cash and (iii) exchanged 8,883,228 options to acquire Even Financial common stock for 5,901,846 options to acquire MoneyLion Class A Common Stock. The equityholders of Even Financial are also entitled to receive an additional payment from the Company of up to an aggregate of 8,000,000 shares of Preferred Stock, with a face value per share equal to the Conversion Price, based on the attributed revenue of Even Financial’s business during the 13-month period commencing January 1, 2022 (the “Earnout”). Based on the Conversion Price of the shares of Preferred Stock issued at the closing of the Even Acquisition and to be issued pursuant to the Earnout, the value of the options to acquire MoneyLion Class A Common Stock and the cash paid to the management equityholders, the total purchase price was approximately $440 million, subject to customary purchase price adjustments for working capital and inclusive of amounts used to repay approximately $5.7 million of existing indebtedness of Even Financial. Due to the closing of the Even Acquisition occurring on February 17, 2022, there has not been sufficient time to apply business combination accounting to the opening balance sheet or create the financial disclosures required by U.S. GAAP.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates—
Revenue Recognition and Related Receivables	Revenue Recognition and Related Receivables— Membership subscription revenue is recognized on a daily basis throughout the term of the individual subscription agreements, as the control of the membership services is delivered to the customer evenly throughout that term. Membership receivables are recorded at the amount billed to the customer. The Company policy is to suspend recognition of subscription revenue when the last scheduled subscription payment is 30 days past due, or when, in the Company’s estimation, the collectability of the account is uncertain. Membership subscription revenue is recognized gross over time. Members of the Credit Builder Plus membership program typically receive the cash related to loans and interest-free Instacash advances in 1-3 business days. Members may elect to receive cash immediately through the Company’s instant transfer option. The Company charges a fee when the instant transfer option is elected by a member. Instant transfer fees are recognized gross over the term of the loan or Instacash advance, as the services related to these fees are not distinct from the services of the loan or Instacash advance. The receivable related to the instant transfer option fee is recorded at the amount billed to the customer. With respect to the Company’s Instacash advance service, the Company provides customers with the option to provide a tip for the offering. Fees earned on tips are recognized gross over the term of the Instacash advance, as the services related to these fees are not distinct from the services of the Instacash advance. Advances typically include a term of 30 days or less, depending on the individual’s pay cycle. The Company’s policy is to suspend the account when an advance is 60 days or more past the scheduled payment date on a contractual basis or when, in the Company’s estimation, the collectability of the account is uncertain. The receivable related to the tip is recorded at the amount billed to the customer. Affiliate revenue is generated by displaying ads on the Company’s mobile application and by sending emails or other messages to customers promoting affiliate services. For affiliate services, the Company enters into agreements with the affiliates in the form of a signed contract, which specify the terms of the services and fees, prior to running advertising and promotional campaigns. The Company recognizes revenue from the display of impression-based ads and distribution of impression-based emails in the period in which the impressions are delivered in accordance with the contractual terms of the customer arrangements. Impressions are considered delivered when a member clicks on the advertisement or promotion. Interest income and the related accrued interest receivables on loan-related finance receivables is accrued based upon the daily principal amount outstanding except for when these loans are on nonaccrual status. The Company recognizes interest income using the interest method. The Company’s policy is to suspend recognition of interest income on finance receivables and place the loan on nonaccrual status when the account is 60 days or more 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. Digital media and content production services provided to third parties are generally earned and recognized over time as the performance obligations within the contracts are satisfied. The revenue is recorded in other income in the statement of operations. Contracts for digital media and content production services are typically short-term.
Allowance for Losses on Receivables	Allowance for Losses on Receivables— The Company’s charge-off policy is to charge-off finance receivables for loans and related accrued interest receivables, net of expected recoveries, in the month in which the account becomes 90 days contractually past due and charge-off finance receivables for advances and related fee receivables in the month in which the account becomes 60 days past due. If an account is deemed to be uncollectable prior to this date, the Company will charge-off the receivable in the month it is deemed uncollectable. The Company determines the past due status using the contractual terms of the finance receivables. This is the credit quality indicator used to evaluate the required allowance for losses on finance receivables for each portfolio of products. An allowance for losses on membership and fees receivables is established to provide probable losses incurred in the Company’s membership and fee receivables at the balance sheet date and is established through a provision for losses on receivables. Charge-offs, net of recoveries, are charged directly to the allowance. The allowance is based on management’s assessment of historical charge-offs and recoveries on these receivables, as well as certain qualitative factors including current economic conditions that may affect the customers’ ability to pay. Prior to the period ended June 30, 2021, the allowance related to these receivables had not been material to the consolidated financial statements.
Segment Information	Segment Information
Governmental Regulation	Governmental Regulation—
Fair Value Measurements	Fair Value Measurements Level 1: Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations for assets and liabilities that are derived from other valuation methodologies including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections determined by management in estimating the fair value assigned to such assets or liabilities. The Company evaluates the significance of transfers between levels based upon the nature of the financial instruments and size of the transfer relative to total net assets available for benefits. For the years ended December 31, 2021 and 2020, there were no transfers in or out of levels 1, 2 or 3.
Net Loss Per Share	Net Loss Per Share— Under the two-class method, basic net loss per share attributable to common stockholders was calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. The net loss attributable to common stockholders was not allocated to the redeemable convertible preferred stock as the holders of redeemable convertible preferred stock do not have a contractual obligation to share in losses, which is consistent with the if converted method of calculation. Diluted net loss per share attributable to common stockholders was computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, redeemable convertible preferred stock, stock options, restricted stock units, right to receive Earnout Shares, as defined in Note 3, “Business Combination,” and warrants to purchase redeemable convertible preferred stock and common stock were considered common shares equivalents but had been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect was anti-dilutive. In periods in which the Company reports a net loss attributable to all classes of common stockholders, diluted net loss per share attributable to all classes of common stockholders is the same as basic net loss per share attributable to all classes of common stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. The Company reported net losses attributable to common stockholders for the fiscal years ended December 31, 2021 and 2020.
Cash	Cash—
Restricted Cash	Restricted Cash—
Goodwill	Goodwill — The Company performs goodwill impairment testing annually, on the last day of the fiscal year or more frequently if indicators of potential impairment exist. The goodwill impairment test is performed at the reporting unit level. The Company first evaluates whether it is more likely than not that the fair value of the reporting unit has fallen below its carrying amount. No indicators of fair value falling below the reporting unit carrying amount were noted on a quantitative or qualitative basis during the fiscal year 2021 assessment.
Intangible Assets	Intangible Assets—
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets
Income Taxes	Income Taxes— When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the positions taken or the amount of the positions that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of operations.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for the restricted stock units granted to employees or directors as stock-based compensation expense based on their grant date fair value. The grant date fair value is based on the price of MoneyLion Class A Common Stock on the day of the grant. The fair value of the awards is recognized as an expense over the requisite service period in the Company’s consolidated statement of operations. Forfeitures are accounted for as they are incurred.
Warrant Liability	Warrant Liability The Company determined that the Private Placement Warrants do not meet the criteria for equity treatment thereunder. For issued or modified warrants that do not meet all the criteria for equity treatment, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations. As such, each Private Placement Warrant is recorded as a liability and any change in fair value is recognized in the Company’s statements of operations. The fair value of the Private Placement Warrants was estimated using a Black-Scholes Option Pricing Model. The Public Warrants meet the conditions for equity classification in accordance with ASC 815-40. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance.
Convertible Notes	Subordinated Convertible Notes Financial Instruments The Subordinated Convertible Notes were valued using a scenario-based discounted cash flow analysis. The Company estimated the probability and timing of the scenarios based on management’s assumptions and knowledge of specified events at issuance and as of each reporting date. The Subordinated Convertible Notes are classified as Level 3 because of the Company’s reliance on unobservable assumptions.
Contingent consideration from mergers and acquisitions	Contingent consideration from mergers and acquisitions
Property and Equipment	Property and Equipment— The estimated useful lives of property and equipment are described below:
Debt Issuance Costs	Debt Issuance Costs—
Marketing Costs	Marketing Costs — Costs related to marketing activities are expensed as incurred.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements— In August 2018, the FASB issued Accounting Standards Update (“ASU”) No. 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In June 2018, the FASB issued ASU 2018-07 , Compensation—Stock Compensation (Topic 718) Improvements to Nonemployee Share-Based Payment Accounting
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 (the “JOBS Act”). 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 February 2016, the FASB Issued ASU 2016-02, Leases (Topic 842) Leases In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitating of the Effects of Reference Rate Reform on Financial Reporting In August 2020, the FASB issued ASU 2020-06, Debt—Debt With Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of the estimated useful lives of property and equipment	Property and Equipment Useful Life Leasehold improvements 5 - 15 years Furniture and fixtures 5 - 7 years Computers and equipment 2 - 5 years

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of receivables	December 31, December 31, 2021 2020 Unsecured personal loan receivables $ 1 $ 66 Secured personal loan receivables 77,491 43,804 Loan receivables 77,492 43,870 Instacash receivables 62,783 18,888 Finance receivables 140,275 62,758 Fees receivable 8,366 2,913 Membership receivables 3,099 1,885 Deferred loan origination costs 929 615 Accrued interest receivable 1,072 623 Receivables, before allowance for loan losses $ 153,741 $ 68,794
Schedule of changes in allowance for losses on finance receivables	Twelve Months Ended 2021 2020 Beginning balance $ 9,127 $ 6,613 Provision for loss on receivables 60,749 21,294 Receivables charged off (75,557 ) (39,004 ) Recoveries 28,004 20,224 Ending balance $ 22,323 $ 9,127 Twelve Months Ended 2021 2020 Beginning balance $ 9,127 $ 6,613 Provision for loss on receivables 51,975 18,082 Finance receivables charged off (65,711 ) (33,719 ) Recoveries 26,234 18,151 Ending balance $ 21,625 $ 9,127 Twelve Months Ended 2021 2020 Beginning balance $ - $ - Provision for loss on receivables 3,170 1,856 Membership receivables charged off (3,446 ) (3,620 ) Recoveries 554 1,764 Ending balance $ 278 $ - Twelve Months Ended 2021 2020 Beginning balance $ - $ - Provision for loss on receivables 5,604 1,356 Fees receivable charged off (6,400 ) (1,665 ) Recoveries 1,216 309 Ending balance $ 420 $ -
Schedule of assessment of the credit quality of finance receivables	December 31, December 31, Amount Percent Amount Percent Current $ 122,477 87.3 % $ 54,247 86.4 % Delinquency: 31 to 60 days 13,397 9.6 % 6,148 9.8 % 61 to 90 days 4,401 3.1 % 2,363 3.8 % Total delinquency 17,798 12.7 % 8,511 13.6 % Finance receivables before allowance for loan losses $ 140,275 100.0 % $ 62,758 100.0 % December 31, December 31, Amount Percent Amount Percent Current $ 66,514 85.8 % $ 38,133 86.9 % Delinquency: 31 to 60 days 6,577 8.5 % 3,374 7.7 % 61 to 90 days 4,401 5.7 % 2,363 5.4 % Total delinquency 10,978 14.2 % 5,737 13.1 % Loan receivables before allowance for loan losses $ 77,492 100.0 % $ 43,870 100.0 % December 31, December 31, Amount Percent Amount Percent Current $ 55,963 89.1 % $ 16,114 85.3 % Delinquency: 31 to 60 days 6,820 10.9 % 2,774 14.7 % 61 to 90 days - 0.0 % - 0.0 % Total delinquency 6,820 10.9 % 2,774 14.7 % Instacash receivables before allowance for loan losses $ 62,783 100.0 % $ 18,888 100.0 % December 31, December 31, Amount Percent Amount Percent Current $ 2,227 71.8 % $ 1,586 84.1 % Delinquency: 31 to 60 days 514 16.6 % 168 9.0 % 61 to 90 days 358 11.6 % 131 6.9 % Total delinquency 872 28.2 % 299 15.9 % Membership receivables before allowance for loan losses $ 3,099 100.0 % $ 1,885 100.0 % December 31, December 31, Amount Percent Amount Percent Current $ 6,682 79.9 % $ 2,435 83.6 % Delinquency: 31 to 60 days 1,684 20.1 % 478 16.4 % 61 to 90 days - 0.0 % - 0.0 % Total delinquency 1,684 20.1 % 478 16.4 % Fees receivable before allowance for loan losses $ 8,366 100.0 % $ 2,913 100.0 %

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	December 31, December 31, 2021 2020 Leasehold improvements $ 545 $ 464 Furniture and fixtures 573 448 Computers and equipment 2,209 796 3,327 1,708 Less: accumulated depreciation (1,526 ) (1,206 ) Furniture and equipment, net $ 1,801 $ 502

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible Assets [Abstract]
Schedule of intangible assets	December 31, December 31, Useful Life 2021 2020 Capitalized internal-use software 3 years $ 5,493 $ 5,374 Work in process 1,481 1,481 Proprietary technology 7 years 6,130 6,130 Customer relationships 15 years 5,960 - Trade names 15 years 11,820 - Less: accumulated amortization (5,760 ) (3,710 ) Intangible assets, net $ 25,124 $ 9,275
Schedule of amortization expense of intangible assets	2022 $ 2,648 2023 2,221 2024 2,072 2025 2,061 2026 2,061 Thereafter 12,580 $ 23,643

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Other Assets [Abstract]
Schedule of other assets consisted	December 31, December 31, 2021 2020 Receivable from payment processor - Debit card collections $ 16,681 $ 5,600 Receivable from payment processor - Other 3,156 1,936 Prepaid expenses 8,836 1,591 Other 5,757 2,580 Total other assets $ 34,430 $ 11,707

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2021
Variable Interest Entities [Abstract]
Schedule of consolidated financial statements	December 31, December 31, 2021 2020 Assets: Cash $ - $ 390 Restricted cash 39,396 - Finance receivables 109,877 60,845 Allowance for losses on finance receivables (17,081 ) (8,581 ) Finance receivables, net 92,796 52,264 Total assets $ 132,192 $ 52,654 Liabilities: Other debt $ 143,000 - Total liabilities $ 143,000 $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of reconciliation of the federal statutory income tax rate	Years Ended 2021 2020 Federal statutory rate $ (37,290 ) 21.00 % $ (14,112 ) 21.00 % Effect of: State taxes, net of federal tax benefit (6,324 ) 3.56 % (1,377 ) 2.05 % Deferred rate change (367 ) 0.21 % (89 ) 0.13 % Change in fair value of subordinated convertible notes 8,794 (4.95 )% — — % Change in fair value of warrant liability 8,322 (4.69 )% — — % Accrued dividends on redeemable convertible preferred stock — — % 3,614 (5.38 )% Return to provision 3,453 (1.94 )% Other permanent differences (473 ) 0.27 % 3,320 (4.94 )% Other 1,180 (0.66 )% 1,084 (1.61 )% Change in valuation allowance 22,761 (12.83 )% 7,566 (11.26 )% Total $ 56 (0.03 )% $ 6 (0.01 )%
Schedule of income tax (benefit) expense	Years Ended 2021 2020 Current: Federal $ — $ — State 56 6 56 6 Deferred taxes — — Income tax benefit $ 56 $ 6
Schedule of net deferred tax assets and liabilities	December 31, 2021 2020 Net operating loss carryforwards $ 72,867 $ 57,092 Allowance for losses on finance receivables 6,318 2,283 Research and development credit 1,173 1,173 Stock compensation 326 206 Legal reserve 465 — Other 2,317 387 Total deferred tax assets, gross 83,466 61,141 Less: valuation allowance (81,860 ) (59,099 ) Total deferred tax assets, net 1,606 2,042 Deferred finance receivable fees and costs, net (261 ) (154 ) Depreciation of furniture and equipment (1,312 ) (1,888 ) Other (33 ) — Total deferred tax liabilities (1,606 ) (2,042 ) Total deferred tax assets (liabilities), net $ — $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of weighted average grant date fair value of options granted	Twelve Months Ended 2021 2020 Expected Volatility 65 % 65 % Expected Dividend - - Expected Term in Years 6.08 6.08 Expected Forfeitures - % - % Risk Free Interest Rate 0.59%-0.67 % 0.34%-1.47 %
Schedule of represents activity within the 2021 Plan	Number Weighted Weighted Aggregate Options outstanding at December 31, 2020 35,453,516 $ 0.38 8.1 Years $ 266,548 Options granted 6,524,723 2.57 Options exercised (2,062,803 ) 0.34 $ (13,268 ) Options forfeited (539,915 ) 0.93 Options expired (1,916,974 ) 0.20 Options outstanding at December 31, 2021 37,458,547 $ 0.80 7.6 Years $ 121,108 Exercisable at December 31, 2021 17,764,012 0.36 6.8 Years $ 65,265 Unvested at December 31, 2021 19,694,535 $ 1.19

Stock Warrants (Tables)

Stock Warrants (Tables)	12 Months Ended
	Dec. 31, 2021
Stock Warrants [Abstract]
Schedule of quantitative information regarding level 3 fair value measurement	December 31, 2021 Strike price $ 11.50 Expected Volatility 61 % Expected Dividend - Expected Term in Years 4.73 Risk Free Interest Rate 1.22 % Warrant Value Per Share 1.02
Schedule of changes in fair value of the warrants	December 31, Private Placement Warrants Initial Measurement, September 22, 2021 $ 29,466 Mark-to-market adjustment $ (21,206 ) Warrants payable balance, December 31, 2021 $ 8,260

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schdeule of computation of net loss per common share	Twelve Months Ended 2021 2020 Numerator: Net loss $ (164,875 ) $ (41,587 ) Net income attributable to redeemable noncontrolling interests (12,776 ) (8,409 ) Accretion of issuance costs on redeemable convertible preferred stock - - Reversal of previously accrued (accrual of) dividends on redeemable convertible preferred stock 42,728 (17,209 ) Net loss attributable to common shareholders $ (134,923 ) $ (67,205 ) Denominator: Weighted-average common shares outstanding - basic and diluted (1) 97,158,738 45,177,217 Net loss per share attributable to common stockholders - basic and diluted $ (1.39 ) $ (1.49 )
Schdeule of potential common shares	December 31, 2021 2020 Conversion of redeemable convertible preferred stock (1) - 116,264,358 Warrants to purchase common stock and redeemable convertible preferred stock (1) 25,599,889 14,738,710 RSUs and options to purchase common stock (1) 38,085,775 35,453,516 Right to receive Earnout Shares 17,500,000 - Total common stock equivalents 81,185,664 166,456,584

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of total minimum lease payments	2022 $ 776 2023 788 2024 811 2025 590 2026 140 Thereafter - $ 3,105

Mergers and Acquisitions (Table

Mergers and Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Schedule of fair value of MALKA’s acquired assets and liabilities	November 15, 2021 Assets Cash and cash equivalents $ 51 Property and equipment 1,281 Intangible assets 17,780 Goodwill 30,976 Other assets 4,858 Total assets 54,946 Liabilities and Equity Liabilities: Accounts payable and accrued liabilities 2,261 Total liabilities 2,261 Net assets and liabilities acquired $ 52,685

Description of Business and B_2

Description of Business and Basis of Presentation (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 11, 2021	Dec. 31, 2021	Dec. 31, 2020
Description of Business and Basis of Presentation (Details) [Line Items]
Aggregate of shares (in Shares)	25,000,000
Commitment amount	$ 250,000
Non guaranteed preferred return percentage		12.00%
Increments		$ 100,000
Redemptions value		127,391	$ 17,489
Unpaid amount		$ 1,500
Redeemable noncontrolling interest			$ 71,852
Class A common stock [Member]
Description of Business and Basis of Presentation (Details) [Line Items]
Par value (in Dollars per share)		$ 0.0001
Class A common stock [Member] | MoneyLion [Member]
Description of Business and Basis of Presentation (Details) [Line Items]
Price per share (in Dollars per share)	$ 10

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Percentage of tax benefit	50.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of the estimated useful lives of property and equipment	12 Months Ended
	Dec. 31, 2021
Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Leasehold improvements	5 years
Furniture and fixtures	5 years
Computers and equipment	2 years
Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Leasehold improvements	15 years
Furniture and fixtures	7 years
Computers and equipment	5 years

Business Combination (Details)

Business Combination (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Business Combination (Details) [Line Items]
Common Stock, par value (in Dollars per share) | $ / shares	$ 0.0001
Business combination description	●all outstanding warrants to purchase shares of Legacy MoneyLion preferred stock or Legacy MoneyLion Common Stock (“Legacy MoneyLion Warrants”) were either exercised and ultimately converted into shares of Legacy MoneyLion Common Stock or terminated;   ● 11,231,595 outstanding shares of Legacy MoneyLion Common Stock (which includes the shares of Legacy MoneyLion Common Stock issued to former holders of Legacy MoneyLion Warrants) were cancelled in exchange for the right to receive 184,285,695 shares of MoneyLion Class A Common Stock;     ● 2,360,627 outstanding and unexercised options to purchase shares of Legacy MoneyLion Common Stock (“Legacy MoneyLion Options”) converted into options to acquire 38,732,676 shares of MoneyLion Class A Common Stock, of which 18,861,298 options are vested and 19,871,378 options are unvested; and   ●each holder of an outstanding share of Legacy MoneyLion Common Stock (following the Conversion) and/or Legacy MoneyLion Options (each such holder, an “Earnout Participant”) also received the right to receive the applicable pro rata portion of MoneyLion Class A Common Stock (the “Earnout Shares”) with respect to each share of MoneyLion Class A Common Stock or option exercisable for shares of MoneyLion Class A Common Stock, contingent upon MoneyLion Class A Common Stock reaching certain price milestones.  7.5 million and 10.0 million shares of MoneyLion Class A Common Stock will be issued if the MoneyLion Class A Common Stock share price equals or is greater than $12.50 and $16.50, respectively, for twenty out of any thirty consecutive trading days within five years of the Business Combination Closing Date. The Earnout Shares meet the conditions for equity classification in accordance with ASC 815-40.
Sale of initial public offering shares (in Shares) | shares	25,887,987
Cash proceeds	$ 293,239
Redemptions issuance shares (in Shares) | shares	42,862,013
Upon consummation description	●each outstanding share of Fusion Class B common stock automatically converted into one share of MoneyLion Class A Common Stock; and   ● outstanding warrants to purchase the common stock of Fusion automatically converted into warrants to purchase shares of MoneyLion Class A Common Stock.   As of the Business Combination Closing Date and following the completion of the sale of 25,000,000 shares of MoneyLion Class A Common Stock in the PIPE Financing, MoneyLion had the following outstanding securities:    ● 227,147,708 shares of MoneyLion Class A Common Stock;     ● 38,732,676 MoneyLion options, of which options to purchase 18,861,298 shares of MoneyLion Class A Common Stock were vested and options to purchase 19,871,378 shares of MoneyLion Class A Common stock were unvested; and     ● 17,500,000 public warrants, each exercisable for one share of MoneyLion Class A Common Stock at a price of $11.50 per share and 8,100,000 private placement warrants, each exercisable for one share of MoneyLion Class A Common Stock at a price of $11.50 per share (assumed from Fusion).  Conversion of Legacy MoneyLion shares was calculated utilizing the exchange ratio of approximately 16.4078 per share of MoneyLion Class A Common Stock (the “Exchange Ratio”).
Net increase in cash	$ 293,239
Business combination proceeds	250,000
Underwriter fees	$ 13,150
PIPE [Member]
Business Combination (Details) [Line Items]
Public stockholders shares (in Shares) | shares	25,000,000
Sponsor [Member]
Business Combination (Details) [Line Items]
Public stockholders shares (in Shares) | shares	8,750,000
Fusion [Member]
Business Combination (Details) [Line Items]
Public stockholders shares (in Shares) | shares	9,112,013
Series of Individually Immaterial Business Acquisitions [Member]
Business Combination (Details) [Line Items]
Business combination per share (in Dollars per share) | $ / shares	$ 10
business combination aggregate amount	$ 258,896
Costs for the business combination	56,638
Transaction costs	$ 3,673

Receivables (Details) - Schedul

Receivables (Details) - Schedule of receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of receivables [Abstract]
Unsecured personal loan receivables	$ 1	$ 66
Secured personal loan receivables	77,491	43,804
Loan receivables	77,492	43,870
Instacash receivables	62,783	18,888
Finance receivables	140,275	62,758
Fees receivable	8,366	2,913
Membership receivables	3,099	1,885
Deferred loan origination costs	929	615
Accrued interest receivable	1,072	623
Receivables, before allowance for loan losses	$ 153,741	$ 68,794

Receivables (Details) - Sched_2

Receivables (Details) - Schedule of changes in allowance for losses on finance receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Losses on receivables [Member]
Receivables (Details) - Schedule of changes in allowance for losses on finance receivables [Line Items]
Beginning balance	$ 9,127	$ 6,613
Provision for loss on receivables	60,749	21,294
Receivables charged off	(75,557)	(39,004)
Recoveries	28,004	20,224
Ending balance	22,323	9,127
Losses on Finance Receivables [Member]
Receivables (Details) - Schedule of changes in allowance for losses on finance receivables [Line Items]
Beginning balance	9,127	6,613
Provision for loss on receivables	51,975	18,082
Receivables charged off	(65,711)	(33,719)
Recoveries	26,234	18,151
Ending balance	21,625	9,127
Losses on Membership Receivables [Member]
Receivables (Details) - Schedule of changes in allowance for losses on finance receivables [Line Items]
Beginning balance
Provision for loss on receivables	3,170	1,856
Receivables charged off	(3,446)	(3,620)
Recoveries	554	1,764
Ending balance	278
Losses on fees receivable [Member]
Receivables (Details) - Schedule of changes in allowance for losses on finance receivables [Line Items]
Beginning balance
Provision for loss on receivables	5,604	1,356
Receivables charged off	(6,400)	(1,665)
Recoveries	1,216	309
Ending balance	$ 420

Receivables (Details) - Sched_3

Receivables (Details) - Schedule of assessment of the credit quality of finance receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable [Member]
Receivables (Details) - Schedule of assessment of the credit quality of finance receivables [Line Items]
Current, Amount	$ 122,477	$ 54,247
Current, Percent	87.30%	86.40%
Delinquency:
Total delinquency, Amount	$ 17,798	$ 8,511
Total delinquency, Percent	12.70%	13.60%
Finance receivables before allowance for loan losses, Amount	$ 140,275	$ 62,758
Finance receivables before allowance for loan losses, Percent	100.00%	100.00%
Financing Receivable [Member] | 31 to 60 days [Member]
Delinquency:
Total delinquency, Amount	$ 13,397	$ 6,148
Total delinquency, Percent	9.60%	9.80%
Financing Receivable [Member] | 61 to 90 days [Member]
Delinquency:
Total delinquency, Amount	$ 4,401	$ 2,363
Total delinquency, Percent	3.10%	3.80%
Loans Receivable [Member]
Receivables (Details) - Schedule of assessment of the credit quality of finance receivables [Line Items]
Current, Amount	$ 66,514	$ 38,133
Current, Percent	85.80%	86.90%
Delinquency:
Total delinquency, Amount	$ 10,978	$ 5,737
Total delinquency, Percent	14.20%	13.10%
Finance receivables before allowance for loan losses, Amount	$ 77,492	$ 43,870
Finance receivables before allowance for loan losses, Percent	100.00%	100.00%
Loans Receivable [Member] | 31 to 60 days [Member]
Delinquency:
Total delinquency, Amount	$ 6,577	$ 3,374
Total delinquency, Percent	8.50%	7.70%
Loans Receivable [Member] | 61 to 90 days [Member]
Delinquency:
Total delinquency, Amount	$ 4,401	$ 2,363
Total delinquency, Percent	5.70%	5.40%
Finance Receivable Instacash [Member]
Receivables (Details) - Schedule of assessment of the credit quality of finance receivables [Line Items]
Current, Amount	$ 55,963	$ 16,114
Current, Percent	89.10%	85.30%
Delinquency:
Total delinquency, Amount	$ 6,820	$ 2,774
Total delinquency, Percent	10.90%	14.70%
Finance receivables before allowance for loan losses, Amount	$ 62,783	$ 18,888
Finance receivables before allowance for loan losses, Percent	100.00%	100.00%
Finance Receivable Instacash [Member] | 31 to 60 days [Member]
Delinquency:
Total delinquency, Amount	$ 6,820	$ 2,774
Total delinquency, Percent	10.90%	14.70%
Finance Receivable Instacash [Member] | 61 to 90 days [Member]
Delinquency:
Total delinquency, Amount
Total delinquency, Percent	0.00%	0.00%
Membership Receivables [Member]
Receivables (Details) - Schedule of assessment of the credit quality of finance receivables [Line Items]
Current, Amount	$ 2,227	$ 1,586
Current, Percent	71.80%	84.10%
Delinquency:
Total delinquency, Amount	$ 872	$ 299
Total delinquency, Percent	28.20%	15.90%
Finance receivables before allowance for loan losses, Amount	$ 3,099	$ 1,885
Finance receivables before allowance for loan losses, Percent	100.00%	100.00%
Membership Receivables [Member] | 31 to 60 days [Member]
Delinquency:
Total delinquency, Amount	$ 514	$ 168
Total delinquency, Percent	16.60%	9.00%
Membership Receivables [Member] | 61 to 90 days [Member]
Delinquency:
Total delinquency, Amount	$ 358	$ 131
Total delinquency, Percent	11.60%	6.90%
Fees Receivable [Member]
Receivables (Details) - Schedule of assessment of the credit quality of finance receivables [Line Items]
Current, Amount	$ 6,682	$ 2,435
Current, Percent	79.90%	83.60%
Delinquency:
Total delinquency, Amount	$ 1,684	$ 478
Total delinquency, Percent	20.10%	16.40%
Finance receivables before allowance for loan losses, Amount	$ 8,366	$ 2,913
Finance receivables before allowance for loan losses, Percent	100.00%	100.00%
Fees Receivable [Member] | 31 to 60 days [Member]
Delinquency:
Total delinquency, Amount	$ 1,684	$ 478
Total delinquency, Percent	20.10%	16.40%
Fees Receivable [Member] | 61 to 90 days [Member]
Delinquency:
Total delinquency, Amount
Total delinquency, Percent	0.00%	0.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 343	$ 317

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of property and equipment - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 3,327	$ 1,708
Less: accumulated depreciation	(1,526)	(1,206)
Furniture and equipment, net	1,801	502
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	545	464
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	573	448
Computers and equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and equipment, gross	$ 2,209	$ 796

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets [Abstract]
Goodwill	$ 52,541	$ 21,565
Amortization expense	$ 2,049	$ 791

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of intangible assets [Abstract]
Capitalized internal-use software, user life	3 years
Capitalized internal-use software	$ 5,493	$ 5,374
Work in process	$ 1,481	1,481
Proprietary technology, user life	7 years
Proprietary technology	$ 6,130	6,130
Customer relationships, user life	15 years
Customer relationships	$ 5,960
Trade names, user life	15 years
Trade names	$ 11,820
Less: accumulated amortization, user life	(5,760)	(3,710)
Intangible assets, net	$ 25,124	$ 9,275

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of amortization expense of intangible assets $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Schedule of amortization expense of intangible assets [Abstract]
2022	$ 2,648
2023	2,221
2024	2,072
2025	2,061
2026	2,061
Thereafter	12,580
Total	$ 23,643

Other Assets (Details) - Schedu

Other Assets (Details) - Schedule of other assets consisted - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of other assets consisted [Abstract]
Receivable from payment processor - Debit card collections	$ 16,681	$ 5,600
Receivable from payment processor - Other	3,156	1,936
Prepaid expenses	8,836	1,591
Other	5,757	2,580
Total other assets	$ 34,430	$ 11,707

Variable Interest Entities (Det

Variable Interest Entities (Details)	12 Months Ended
	Dec. 31, 2021
Variable Interest Entities [Abstract]
Exceeds aggregate principal amount percentage	90.00%

Variable Interest Entities (D_2

Variable Interest Entities (Details) - Schedule of consolidated financial statements - VIE [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash		$ 390
Restricted cash	39,396
Finance receivables	109,877	60,845
Allowance for losses on finance receivables	(17,081)	(8,581)
Finance receivables, net	92,796	52,264
Total assets	132,192	52,654
Liabilities:
Other debt	143,000
Total liabilities	$ 143,000

Debt (Details)

Debt (Details) - USD ($) $ in Thousands

Aug. 27, 2021

Sep. 27, 2022

Sep. 30, 2021

Jun. 30, 2021

Jan. 31, 2021

Aug. 31, 2020

Jul. 31, 2020

Apr. 30, 2020

Jan. 31, 2019

Sep. 30, 2018

Mar. 31, 2018

Dec. 31, 2021

Dec. 31, 2020

Sep. 22, 2021

Apr. 30, 2018

Aug. 31, 2016

Debt (Details) [Line Items]

Total interest rate

14.00%

Borrowed credit facilities

$ 22,000

Credit facility outstanding amount

$ 11,500

$ 11,000

Bank loan interest

6.75%

Loan interest rate

12.00%

Maturity date

May 1, 2023

Jul. 31, 2021

Aggregate principal amount

$ 20,000

Repaid the original principal balance

$ 5,000

Principal balance

$ 24,028

Term loan

$ 5,000

Line of credit facility, description

The revolving line bears interest at the greater of (i) Wall Street Journal Prime Rate plus 2.25% and (ii) 6.50%. As of December 31, 2021, the revolving line interest rate was 6.5%. The revolving line matures on May 1, 2022. The term loan bears interest at the greater of (i) Wall Street Journal Prime Rate plus 3.25% and (ii) 7.50%. As of December 31, 2021, the term loan interest rate was 7.5%. Interest only on the term loan was payable until September 1, 2021, and thereafter outstanding principal is payable in thirty-nine equal instalments through the facility maturity date of May 1, 2024.

Warrants received (in Shares)

12,792

Company sold to a third-party lender

$ 10,000

Third-party lender percentage

3.00%

Third-party lenders, description

In January 2021, the Company sold to third-party lenders $36,750 of 3% subordinated convertible notes as part of the same series of notes issued in December 2020 maturing on July 31, 2021 (collectively, the “Subordinated Convertible Notes”), the proceeds of which were used to conduct its business.

Total shares (in Shares)

10,068,133

Convertible notes

$ 92,627

Credit and security agreement

$ 50,000

Borrowings under the agreement

$ 500,000

Granted warrants percentage

2.50%

Warrants outstanding (in Shares)

255,402

Finance receivables

$ 61,732

Debt maturities principal

35,000

Debt maturities principal

8,333

Debt maturities principal

695

Debt maturities principal

146,000

Paycheck Protection Program [Member]

Debt (Details) [Line Items]

Borrowings under the agreement

$ 3,207

Outstanding balance of the PPP loan

$ 3,207

ROAR 1 SPV Finance LLC [Member]

Debt (Details) [Line Items]

Credit agreement

$ 100,000

Maturity date

2025-03

Maximum borrowings under the agreement

$ 200,000

Bears interest rate

12.50%

Outstanding principal balance

78,000

ROAR 2 SPV Finance LLC [Member]

Debt (Details) [Line Items]

Credit agreement

$ 125,000

Maturity date

2025-12

Maximum borrowings under the agreement

$ 300,000

Bears interest rate

12.50%

Outstanding principal balance

$ 68,000

Finance receivables

48,145

Minimum [Member]

Debt (Details) [Line Items]

Total credit facility

$ 20,000

Maximum [Member]

Debt (Details) [Line Items]

Total credit facility

$ 27,000

6.75% Bank Loan [Member]

Debt (Details) [Line Items]

Bank loan interest

6.75%

6.75%

6.75%

Bank loan

$ 20,000

Second Lien Loan [Member]

Debt (Details) [Line Items]

Initial principal balance

$ 5,000

Lien Loan bears interest

12.00%

Prime rate interest

5.75%

Interest not to exceed

15.00%

Aggregate principal amount

$ 25,000

Principal balance

$ 20,000

First Lien Loan [Member]

Debt (Details) [Line Items]

Bank for loan facility

$ 25,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Taxes (Details) [Line Items]
Federal statutory income tax rate	21.00%
Federal statutory income tax rate		21.00%
Valuation allowance	$ 81,860	$ 59,099
Change in the valuation allowance	22,761	7,566
Operating loss carryforwards	517,700	$ 377,300
Federal research and development credit carryforwards for income tax expense	$ 1,200
Current carryforwards expiration term	If not used, the current carryforwards will expire beginning in 2034
State [Member]
Income Taxes (Details) [Line Items]
Expiration term	state operating loss carryforwards begin to expire in 2027
U.S. Federal [Member]
Income Taxes (Details) [Line Items]
Expiration term	$248,600

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of reconciliation of the federal statutory income tax rate - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of reconciliation of the federal statutory income tax rate [Abstract]
Federal statutory rate	$ (37,290)	$ (14,112)
Federal statutory rate, percentage	21.00%	21.00%
Effect of:
State taxes, net of federal tax benefit	$ (6,324)	$ (1,377)
State taxes, net of federal tax benefit, percentage	3.56%	2.05%
Deferred rate change	$ (367)	$ (89)
Deferred rate change, percentage	0.21%	0.13%
Change in fair value of subordinated convertible notes	$ 8,794
Change in fair value of subordinated convertible notes, percentage	(4.95%)
Change in fair value of warrant liability	$ 8,322
Change in fair value of warrant liability, percentage	(4.69%)
Accrued dividends on redeemable convertible preferred stock		$ 3,614
Accrued dividends on redeemable convertible preferred stock, percentage		(5.38%)
[Net operating loss return to provision]	$ 3,453
[Net operating loss return to provision], percentage	(1.94%)
Other permanent differences	$ (473)	$ 3,320
Other permanent differences, percentage	0.27%	(4.94%)
Other	$ 1,180	$ 1,084
Other, percentage	(0.66%)	(1.61%)
Change in valuation allowance	$ 22,761	$ 7,566
Change in valuation allowance, percentage	(12.83%)	(11.26%)
Total	$ 56	$ 6
Total, percentage	(0.03%)	(0.01%)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of income tax (benefit) expense - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current:
Federal
State	56	$ 6
Current Federal and State, Tax Expense (Benefit)	56	6
Deferred taxes
Income tax benefit	$ 56	$ 6

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of net deferred tax assets and liabilities - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of net deferred tax assets and liabilities [Abstract]
Net operating loss carryforwards	$ 72,867	$ 57,092
Allowance for losses on finance receivables	6,318	2,283
Research and development credit	1,173	1,173
Stock compensation	326	206
Legal reserve	465
Other	2,317	387
Total deferred tax assets, gross	83,466	61,141
Less: valuation allowance	(81,860)	(59,099)
Total deferred tax assets, net	1,606	2,042
Deferred finance receivable fees and costs, net	(261)	(154)
Depreciation of furniture and equipment	(1,312)	(1,888)
Other	(33)
Total deferred tax liabilities	(1,606)	(2,042)
Total deferred tax assets (liabilities), net

Common Stock (Details)

Common Stock (Details) $ in Thousands	1 Months Ended
	Sep. 22, 2021USD ($)shares
Common Stock [Abstract]
Business Combination shares | shares	970,000
Common Stock redeemed | $	$ 9,700

Redeemable Convertible Prefer_2

Redeemable Convertible Preferred Stock (Details)	Dec. 31, 2021shares
Redeemable Convertible Preferred Stock [Abstract]
Redeemable convertible preferred stock	116,264,374

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock-Based Compensation (Details) [Line Items]
Common stock designated shares	2,492,060
Percentage of total number of outstanding shares	2.00%
Stock-based compensation (in Dollars)	$ 5,039	$ 1,650
Restricted stock units	627,228
Weighted average grant date fair value per share (in Dollars per share)	$ 5.97
Unamortized expense (in Dollars)	$ 3,344
Weighted average years	2 years 1 month 24 days
Options granted vesting expire	4 years
Options granted expire	10 years
Options vested	6,977,038
Aggregate intrinsic value (in Dollars)	$ 24,982
Cost related to unvested options (in Dollars per share)	$ 11,911,000
Incentive Plan [Member]
Stock-Based Compensation (Details) [Line Items]
Weighted average grant date fair value of options granted (in Dollars per share)	$ 1.5	$ 0.38
Class A Common Stock [Member]
Stock-Based Compensation (Details) [Line Items]
Common stock pursuant to awards issued	56,697,934
Including common stock shares	17,712,158
Common stock subject outstanding	38,985,776

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted [Line Items]
Expected Volatility	65.00%	65.00%
Expected Dividend
Expected Term in Years	6 years 29 days	6 years 29 days
Expected Forfeitures
Minimum [Member]
Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted [Line Items]
Risk Free Interest Rate	0.59%	0.34%
Maximum [Member]
Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted [Line Items]
Risk Free Interest Rate	0.67%	1.47%

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details) - Schedule of represents activity within the 2021 Plan $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Schedule of represents activity within the 2021 Plan [Abstract]
Number of Shares Options outstanding beginning | shares	35,453,516
Weighted Average Exercise Options Price Per Share outstanding beginning | $ / shares	$ 0.38
Weighted Average Remaining Contractual Term Options outstanding beginning	8 years 1 month 6 days
Aggregate Intrinsic Value Options outstanding beginning | $	$ 266,548
Number of Shares Options outstanding ending | shares	37,458,547
Weighted Average Exercise Options Price Per Share outstanding ending | $ / shares	$ 0.8
Weighted Average Remaining Contractual Term Options outstanding ending	7 years 7 months 6 days
Aggregate Intrinsic Value Options outstanding ending | $	$ 121,108
Number of Shares Exercisable at September 30, 2021 | shares	17,764,012
Weighted Average Exercise Options Price Per Share Exercisable at September 30, 2021 | $ / shares	$ 0.36
Weighted Average Remaining Contractual Term Exercisable at September 30, 2021	6 years 9 months 18 days
Aggregate Intrinsic Value Exercisable at September 30, 2021 | $	$ 65,265
Number of Shares Unvested at September 30, 2021 | shares	19,694,535
Weighted Average Exercise Options Price Per Share Unvested at September 30, 2021 | $ / shares	$ 1.19
Number of Shares Options granted | shares	6,524,723
Weighted Average Exercise Options Price Per Share Options granted | $ / shares	$ 2.57
Number of Shares Options exercised | shares	(2,062,803)
Weighted Average Exercise Options Price Per Share Options exercised | $ / shares	$ 0.34
Aggregate Intrinsic Value Options exercised | $	$ (13,268)
Number of Shares Options forfeited | shares	(539,915)
Weighted Average Exercise Options Price Per Share Options forfeited | $ / shares	$ 0.93
Number of Shares Options expired | shares	(1,916,974)
Weighted Average Exercise Options Price Per Share Options expired | $ / shares	$ 0.2

Stock Warrants (Details)

Stock Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Sep. 22, 2021	Dec. 31, 2020
Stock Warrants (Details) [Line Items]
Warrants outstanding	8,100,000
Fair value within additional paid-in capital	$ 708,175
MoneyLion [Member]
Stock Warrants (Details) [Line Items]
Warrant price per share	$ 18
Warrant [Member]
Stock Warrants (Details) [Line Items]
Warrant price per share	$ 0.01
Private Placement [Member]
Stock Warrants (Details) [Line Items]
Warrants outstanding		8,100,000
Aggregate value	$ 8,260
Public Warrants [Member]
Stock Warrants (Details) [Line Items]
Fair value within additional paid-in capital	$ 23,275
Class A Common Stock [Member]
Stock Warrants (Details) [Line Items]
Warrants outstanding		17,500,000
Price per share		$ 11.5

Stock Warrants (Details) - Sche

Stock Warrants (Details) - Schedule of quantitative information regarding level 3 fair value measurement - Stock Warrants [Member]	12 Months Ended
	Dec. 31, 2021$ / shares
Stock Warrants (Details) - Schedule of quantitative information regarding level 3 fair value measurement [Line Items]
Strike price (in Dollars per share)	$ 11.5
Expected Volatility	61.00%
Expected Dividend
Expected Term in Years	4 years 8 months 23 days
Risk Free Interest Rate	1.22%
Warrant Value Per Share (in Dollars per share)	$ 1.02

Stock Warrants (Details) - Sc_2

Stock Warrants (Details) - Schedule of changes in fair value of the warrants - Public and Private Placement Warrants [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Stock Warrants (Details) - Schedule of changes in fair value of the warrants [Line Items]
Initial Measurement, September 22, 2021	$ 29,466
Mark-to-market adjustment	(21,206)
Warrants payable balance, December 31, 2021	$ 8,260

Net Loss Per Share (Details)

Net Loss Per Share (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021USD ($)
Net Loss Per Share (Details) [Line Items]
Exchange ratio	16.4078
Convertible preferred stock (in Dollars)		$ 56,931
Class A Common Stock [Member]
Net Loss Per Share (Details) [Line Items]
Exchange ratio	16.4078

Net Loss Per Share (Details) -

Net Loss Per Share (Details) - Schedule of computation of net loss per common share - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net loss		$ (164,875)	$ (41,587)
Net income attributable to redeemable noncontrolling interests		(12,776)	(8,409)
Accretion of issuance costs on redeemable convertible preferred stock
Reversal of previously accrued (accrual of) dividends on redeemable convertible preferred stock		42,728	(17,209)
Net loss attributable to common shareholders		$ (134,923)	$ (67,205)
Denominator:
Weighted-average common shares outstanding - basic and diluted (in Shares)	[1]	97,158,738	45,177,217
Net loss per share attributable to common stockholders - basic and diluted (in Dollars per share)		$ (1.39)	$ (1.49)
[1]	Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion’s Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination,” for details. Additionally, included within net income attributable to common stockholders for the twelve months ended December 31, 2021 is an adjustment to reflect the reversal of previously accrued dividends on redeemable convertible preferred stock in the amount of $56,931 which were forfeited by the preferred stockholders in conjunction with the Business Combination.

Net Loss Per Share (Details) _2

Net Loss Per Share (Details) - Schedule of potential common shares - shares		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Schedule of potential common shares [Abstract]
Conversion of redeemable convertible preferred stock	[1]		116,264,358
Warrants to purchase common stock and redeemable convertible preferred stock	[1]	25,599,889	14,738,710
RSUs and Options to purchase common stock	[1]	38,085,775	35,453,516
Right to receive Earnout Shares		17,500,000
Total common stock equivalents		81,185,664	166,456,584
[1]	Prior period results have been adjusted to reflect the exchange of Legacy MoneyLion Common Stock for MoneyLion Class A Common Stock at an exchange ratio of approximately 16.4078 in September 2021 as a result of the Business Combination. See Note 3, “Business Combination” for details.

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 997	$ 1,233

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of total minimum lease payments $ in Thousands	Dec. 31, 2021USD ($)
Schedule of total minimum lease payments [Abstract]
2022	$ 776
2023	788
2024	811
2025	590
2026	140
Thereafter
Total minimum lease	$ 3,105

Mergers and Acquisitions (Detai

Mergers and Acquisitions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Mergers and Acquisitions (Details) [Line Items]
Restricted share amount		$ 35,000
Restricted share based amount		35,000
Operating performance	$ 11,782
Change in fair value		39,629	$ 14,419
Consideration amount		6,130
Goodwill allocated		$ 21,565
MoneyLion [Member]
Mergers and Acquisitions (Details) [Line Items]
Shares issued (in Shares)		4,181,441
Cash paid		$ 10,000
Debt facilities		$ 2,196
Wealth Technologies Inc [Member]
Mergers and Acquisitions (Details) [Line Items]
Percentage of outstanding common stock		100.00%
Exchange of shares (in Shares)		539,592
Consideration amount		$ 27,929
MALKA Acquisition [Member]
Mergers and Acquisitions (Details) [Line Items]
Purchase price		52,685
Accounts payable and accrued liabilities		18,011
Change in fair value		$ 6,229

Mergers and Acquisitions (Det_2

Mergers and Acquisitions (Details) - Schedule of fair value of MALKA’s acquired assets and liabilities $ in Thousands	Nov. 15, 2021USD ($)
Assets
Cash and cash equivalents	$ 51
Property and equipment	1,281
Intangible assets	17,780
Goodwill	30,976
Other assets	4,858
Total assets	54,946
Liabilities:
Accounts payable and accrued liabilities	2,261
Total liabilities	2,261
Net assets and liabilities acquired	$ 52,685

Related Parties (Details)

Related Parties (Details) - USD ($)	Aug. 27, 2021	Dec. 31, 2020	Apr. 30, 2020	Dec. 31, 2021
Related Parties (Details) [Line Items]
Secured loan facility			$ 5,000
Interest expense	$ 421
MoneyLion paid				$ 6,624
Other earned revenue				$ 7,083
Series A Redeemable Convertible Preferred Shares [Member]
Related Parties (Details) [Line Items]
Acquired outstanding		100.00%

Subsequent Events (Details)

Subsequent Events (Details)	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Subsequent Events (Details) [Line Items]
Options acquire shares (in Shares) | shares	8,883,228
Aggregate shares of preferred stock	$ 8,000,000
Working capital	$ 5,700,000
Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Conversion price per share (in Dollars per share) | $ / shares	$ 10
Common Stock [Member]
Subsequent Events (Details) [Line Items]
Cash	$ 440,000,000
Series A Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
newly issued shares (in Shares) | shares	28,164,811
Preferred stock par value (in Dollars per share) | $ / shares	$ 0.0001
Cash	$ 14,500,000
Class A Common Stock [Member]
Subsequent Events (Details) [Line Items]
Options acquire shares (in Shares) | shares	5,901,846