Posted In:

Banking, Capital Markets, Global, MoneyLion


Related Portfolio:

MoneyLion

MoneyLion roars Into NASCAR Xfinity Series With Team Penske Partnership

Published:

Sep 14, 2018


Source:

Published:

Sep 14, 2018


Source:


Share:

MoneyLion, America’s most powerful and rewarding financial membership, announces its partnership with one of the preeminent teams in one of America’s most thrilling sports: Team Penske in the NASCAR Xfinity Series.

Roaring into the Las Vegas Motor Speedway on Saturday, Sept. 15, MoneyLion will serve as the primary sponsor of Team Penske’s No. 22 Ford Mustang, piloted by Austin Cindric, followed by three additional races through the remainder of the 2018 season.

MoneyLion enters a powerful alliance with Team Penske, one of the most successful teams in motorsports, as the first major fintech company to partner with a team. MoneyLion launched in 2013 and has 3 million members and has earned its customers trust with a one-of-a-kind rewards program, no-fee checking account, overdraft protection, and loans funded in 15 seconds. MoneyLion will be introducing new banking and investment capabilities over the coming months.

“Team Penske has an incredible record of success on the track, and as one of the most promising drivers in NASCAR, Austin Cindric is a great match for MoneyLion,” said Dee Choubey, CEO and co-founder of MoneyLion. “He and his entire team at Penske inspire fans and illustrate the power of dreaming big to achieve your goals. At MoneyLion, we aim to inspire people to take control of their finances to achieve their dreams- and we’re excited to introduce our products to NASCAR fans across the nation.”

Video of 2018 MoneyLion Racing NASCAR Unveiled

Team Penske’s No. 22 Xfinity Series team has won the Owners’ Championship in four of the last five seasons and currently sits first in the Owners’ Points standings with one race remaining before the start of the Xfinity Series playoffs. The team has earned six victories and six poles in 2018 with drivers Joey Logano, Brad Keselowski, Ryan Blaney and Cindric.

“We are excited to form this new partnership with MoneyLion and to welcome an established brand in the fintech category to the NASCAR arena with Team Penske,” said Roger Penske. “We appreciate the opportunity to work with a company that recognizes the potential to grow in motorsports and wants to connect with our great NASCAR fans. Our team will be working hard to deliver success for MoneyLion, both on and off the track.”

After Las Vegas, fans will continue to see MoneyLion as the primary sponsor of the No. 22 Ford Mustang at Richmond, Charlotte and in November at the season finale at Homestead. Cindric, the 20-year-old rookie, will compete in the No. 22 for the final eight races of the season.

Team Penske has an incredible record of success on the track, and as one of the most promising drivers in NASCAR, Austin Cindric is a great match for MoneyLion.

Dee Choubey, CEO and co-founder of MoneyLion


Related Portfolio:

MoneyLion

Share:

The views expressed here are those of the individual FinTech Collective LLC (together with its affiliates “FTC”) personnel quoted and are not the views of FTC or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by FTC. While taken from sources believed to be reliable, FTC has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; FTC has not reviewed such advertisements and does not endorse any advertising content contained therein.

Any designations found herein have been made by a third party, and although FTC has no reason to believe that such designations, or the criteria for being considered for such designations, are inaccurate or misleading, FTC does not guarantee its accuracy, and such designations may be incomplete or condensed. No compensation was paid in exchange for any designations, endorsements, or testimonials found herein. The hyperlinks referred to herein are provided for your reference only.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. This content does not constitute an offering or form part of any offering or any solicitation of any offer to subscribe to or purchase any investment by FTC, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with any contract therefore. Any such offer will be made only by means of definitive investment offering documents. The information included herein is subject to change without notice to any recipient. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by FTC, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by FTC (excluding investments for which the issuer has not provided permission for FTC to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://www.fintech.io/portfolio and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://www.fintech.io/disclosures for additional important information.