Leading growth equity firm Edison Partners today announced its exit from MoneyLion, following the company’s acquisition by Gen Digital Inc., finalized on April 10.

Edison Partners was MoneyLion’s first institutional investor in 2016, supporting its multi-stage enterprise growth into a global fintech leader of next generation, personalized financial products. Edison has helped MoneyLion transform into a top consumer finance super app with 20 million users, and a premier content, embedded finance, and business-to-consumer financial marketplace platform.

"In our persistent drive to identify profitable growth opportunities, we zeroed in on co-founder and CEO Dee Choubey’s vision and MoneyLion’s unique potential to bring previously out-of-reach financial services to everyday Americans,” said Chris Sugden, managing partner at Edison Partners. "MoneyLion became a force in financial technology—leading the industry’s waves of rebundling and digitizing consumer finance and wealth management — and has now generated one of our firm’s top five largest capital returns. We’re proud to have supported MoneyLion’s journey and its exceptional team."

"Edison Partners played a critical, foundational role in helping MoneyLion move swiftly in its growth trajectory,” said Choubey. “Chris and the Edison team consistently showed up as true partners guiding our go-to-market strategy, advising on capital markets, and working closely with our finance and accounting teams on our journey to be a public company. I thank them for their partnership as MoneyLion grew rapidly and profitably. Thanks to their operating team, a portfolio company has a huge advantage in the market when they partner with Edison as their investor and partner.”

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