NFP clients can now offer their employees access to MoneyLion’s all-in-one financial platform, including access to Instacash℠, interest-free cash advances designed to cover essentials and unexpected expenses.
NFP Ventures, the early-stage investment arm of NFP, today announced a new partnership with MoneyLion, an award-winning consumer digital finance platform empowering people to take control of their finances. During the first phase of this partnership, NFP’s employer clients will have an opportunity to provide their employees with access to MoneyLion’s full suite of financial tools, including Instacash, a service that offers employees 0% APR cash advances up to $250.
Instacash is among several MoneyLion products designed to provide financial stability and flexibility in an uncertain economic environment. NFP is the first organization to offer MoneyLion as an employee benefit to employer clients, supporting companies as they work to provide tools and resources designed to empower financial well-being among their employees.
MoneyLion has helped millions of Americans easily organize their financial lives and achieve their goals through a variety of financial products. MoneyLion offers advanced mobile banking, fully managed investing, credit-building, rewards, loans and financial wellness products through an all-in-one mobile app.
“We continue to focus on innovative solutions that align with the needs of our clients, including the challenges of financial wellness that have intensified during these uncertain times,” said Shawn Ellis, managing director of NFP Ventures. “Employees of our clients who may be feeling anxiety about their finances, or need support establishing a plan to save and invest, can easily access the MoneyLion Instacash program, giving employers another resource to support their workforce.”
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“When employers help their employees address significant challenges, loyalty and productivity increase,” Mike Goldman, president and chief operating officer of NFP. “Being the first to partner with MoneyLion is another example of how we help our employer clients go beyond traditional benefits and provide access to resources that solve a growing issue for many individuals and families. From education on saving and investing to interest free cash advances, MoneyLion is delivering innovative solutions to enhance financial wellness.”
“MoneyLion’s mission is to provide every hard-working American with access to the financial tools they need to gain control over and improve their financial lives. And that’s never been more important, given the challenges many people are facing today,” said Dee Choubey, CEO and founder of MoneyLion. “Incredible partnerships, like ours with NFP, allow us to continue helping millions of Americans take positive steps forward on their financial journeys.”
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