Digital monetary companies platform MoneyLion has teamed up with monetary literacy firm Zogo to offer monetary schooling for MoneyLion’s three million-plus prospects.
“The partnership presents an important mix of holistic and technological innovation that for a few years has been disregarded of the banking and schooling industries,” the businesses mentioned in a information launch Monday (Aug. 15). “That is Zogo’s largest integration with a Fintech platform since its conception in 2018.”
With this partnership, MoneyLion customers get entry to Zogo’s “bite-sized schooling modules” by way of the MoneyLion app’s Right now Feed content material.
See additionally: Zogo: How A 21-Yr-Outdated Duke College Grad Is Reinventing Monetary Literacy
Zogo is an app-based monetary schooling instrument that founder and CEO Bolun Li has described to PYMNTS as one thing akin to a Rosetta Stone language course, however for private finance. It’s designed to interrupt down the bigger matters in a shopper’s monetary life into “bite-sized” instructing modules which are simply digestible.
Within the case of the MoneyLion/Zogo partnership, customers can find out about matters that embody investing, saving, budgeting, credit score scores, making use of for loans and entrepreneurship, the businesses mentioned within the launch.
“Partnering with a premier [neobank] equivalent to MoneyLion is a pivotal step towards Zogo’s purpose to bolster investor schooling for shoppers’ affluent monetary futures,” Li mentioned within the launch. “That is certainly one of our greatest leaps within the Fintech area, driving us nearer to our total mission of reinventing monetary schooling than ever earlier than.”
In an interview with PYMNTS final month, NCR Digital Banking President Doug Brown mentioned monetary establishments have a duty to attempt to reverse the development of younger folks studying about monetary issues from social media.
Be taught extra: Monetary Literacy Ought to Be Left to Neighborhood Banks and Credit score Unions, Not TikTok
“The FIs want to succeed in out and meet these prospects the place they’re, the place they need to be met,” Brown mentioned. “That does contain an schooling curriculum mannequin that they’ll lengthen out, often by way of digital format. We’ve numerous purchasers who do it in that method.”
