MoneyLion partners with column tax to offer customers free tax services

MoneyLion Inc. (“MoneyLion”) (NYSE: ML), the destination for personalized financial content, financial products and advice, today announced that it is offering qualified MoneyLion users free tax filing services through its new partnership with Column Tax, a personal income tax.

Through this partnership, MoneyLion offers an easy, accessible way for its RoarMoney℠ Banking (an FDIC-insured deposit account that delivers a full set of premium banking features) customers to file taxes at no cost to the customer. This integration means that qualified users can file directly in MoneyLion’s app without having to rely on external services that are difficult to use and often have hidden fees. Users can file taxes seamlessly in minutes, with most applications taking less than 15 minutes to submit. In addition, users who register their tax through MoneyLion will have access to their return up to two days earlier than if they had used another service provider.

“MoneyLion’s strategic partnership with Column Tax allows us to continue to democratize access to financial services and education for all Americans,” said Tim Hong, Chief Product Officer at MoneyLion. “Our missions are closely aligned as they seek to educate and enable all Americans to have seamless access to their tax refunds so they can save, invest, pay down debt and reach their financial goals throughout the year. By offering our users high-quality services and education, we aim to add value to our offerings and help people take control of their finances.”

MoneyLion pairs its new offering of tax filing services with a variety of relevant educational content to help clients navigate the challenges of this tax season. Access to information, ease of use and transparency about costs are important considerations for both companies.

“We are delighted to partner with MoneyLion who are leaders in the digital financial services industry,” said Gavin Nachbar, co-founder and CEO of Column Tax. “By partnering with an app like MoneyLion that focuses on a person’s financial life and goals, Column Tax can easily ingest this data and give people a jump on tax filing by providing accurate and efficient services. As MoneyLion provides financial guidance through easily digestible content , we look forward to taking the next step for customers to organize their financial future.”

Following the launch of MoneyLion University (“MLU”) in October 2022, MoneyLion’s partnership with Column Tax is the company’s latest effort to improve the financial lives of its customers. MoneyLion aims to help people organize their financial futures by providing financial guidance through content, and providing easy access to tax filing is a logical next step towards this mission.