Mobile personal finance and consumer lending platform MoneyLion has added new features it believes will help its users more easily achieve their financial goals.
As soon as users open MoneyLion’s mobile app, they receive personalized recommendations which encourage positive financial behaviors based on their spending habits and credit profile. The recommendations are updated daily.
The personal loan process has also been streamlined to improve speed and convenience. Borrowing costs have also been lowered. Funds are available in as soon as 15 seconds and are accessible the same business day. Rate- reducing options are also now available, as are full credit reports from TransUnion and Equifax.
“Our mission is to bring our users closer to their financial goals by making money more approachable,” MoneyLion cofounder and CEO Diwakar Choubey said. “These new features address the widespread need among consumers for smarter tools that simplify and personalize financial advice, all the while making it easier to build better habits and make good financial decisions more consistently.”