MoneyLion acquires Wealth Technologies

Mobile banking and investment platform MoneyLion Inc. has acquired Wealth Technologies Inc., a provider of algorithmic financial planning technology services.

Financial terms of the deal were not disclosed in a March 3 press release.

The deal followed MoneyLion's announcement to merge and go public through a deal with special purpose acquisition company Fusion Acquisition Corp., according to the news release.

MoneyLion also appointed Wealth Technologies' co-founder, Rohit D'Souza, as executive chairman of its board.