Kuala Lumpur, Oct 14: Malaysian fintech MoneyLion Inc has successfully completed the public listing of the award-winning, data-driven, digital financial platform on the New York Stock Exchange (NYSE) at the end of September under the ticker symbol ‘ML’.
With the public offering now completed, MoneyLion co-founder Foong Chee Mun is the first Malaysian founder on the NYSE announced plans to bolster the Company’s Kuala Lumpur-based technology centre of excellence, which currently employs over 250 technologists in the areas of data science and machine learning, product management, product engineering and cybersecurity.
The Company expects to double the size of its Malaysian office in the next 12 months.
“We founded MoneyLion with the goal of rewiring the consumer finance system,” Chee Mun said.
“At MoneyLion, we bring consumer finance into the future by combining AI, machine-learning technology and behavioural science to create a full-service, digital financial platform for our users.
“To date, we have engaged with over 8.5 million users, empowering them with a digital banking platform that helps them better manage their finances today and build wealth for tomorrow.”
Since its launch in 2013, MoneyLion Inc has established itself as a full-service digital platform that delivers mobile banking, investment solutions and personalised solutions to the American market.
An engineer by training and currently the Chief Technology Officer at MoneyLion Inc, Foong aspires to grow the fintech industry in Malaysia, as the country gears towards digitalisation.
“For this to happen, we are actively recruiting local talents to join our team.”
“As a fintech company, AI, machine learning and data plays an integral role in our day-to-day approach to the business.
“The Malaysian office holds a special significance as my home country, so I have dedicated the operations here to serve as the research and development tech hub where our core focus is artificial intelligence.
“I see this as an opportunity for us to nurture fintech talents in Malaysia and contribute to the country’s goal towards Industry 4.0, which coincidentally aligns with our vision for the MoneyLion name to be synonymous with fintech in Malaysia,” added Foong.
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