MoneyLion vs MoneyWiz

Struggling to choose between MoneyLion and MoneyWiz? Both products offer unique advantages, making it a tough decision.

MoneyLion is a Finance solution with tags like banking, loans, investing, credit, financial-services.

It boasts features such as Banking services, Loans, Credit monitoring, Investing, Cash advances, Credit builder loans, Instacash, RoarMoney account, Managed investment accounts, Credit score tracking, Financial education content, Rewards program and pros including Easy access to loans, Can build credit, Get paid up to 2 days early, No fees, Free credit monitoring, Rewards program, Educational content, Investment options in one app, FDIC insured bank accounts.

On the other hand, MoneyWiz is a Business & Commerce product tagged with personal-finance, budgeting, expense-tracking.

Its standout features include Budgeting, Expense tracking, Bank sync, Recurring transactions, Multiple currencies, Investment tracking, Net worth tracking, Dark mode, and it shines with pros like User-friendly interface, Available on multiple platforms, Automatic sync across devices, Secure data encryption, Customizable categories and budgets, Reminders and alerts, Free version available.

Feature	MoneyLion	MoneyWiz
Overall Score	N/A	N/A
Primary Category	Finance	Business & Commerce

Product Overview

MoneyLion

Description: MoneyLion is a financial platform that provides banking, lending, and investment services in one mobile app. It offers customers access to banking services, loans, credit monitoring tools, and investment capabilities to take control of their financial lives.

MoneyWiz

Description: MoneyWiz is a cross-platform personal finance app that helps you track your spending and categorize transactions to create budgets and reports. It syncs across devices, has a clean interface, and provides reminders and alerts.

Key Features Comparison

MoneyLion Features

• Banking services
• Loans
• Credit monitoring
• Investing
• Cash advances
• Credit builder loans
• Instacash
• RoarMoney account
• Managed investment accounts
• Credit score tracking
• Financial education content
• Rewards program

MoneyWiz Features

• Budgeting
• Expense tracking
• Bank sync
• Recurring transactions
• Multiple currencies
• Investment tracking
• Net worth tracking
• Dark mode

Pros & Cons Analysis

MoneyLion

Pros

• Easy access to loans
• Can build credit
• Get paid up to 2 days early
• No fees
• Free credit monitoring
• Rewards program
• Educational content
• Investment options in one app
• FDIC insured bank accounts

Cons

• High APR on loans
• Potentially predatory
• Hard credit check for loans
• Investments may have high fees
• Limit on number of loans per year

MoneyWiz

Pros

• User-friendly interface
• Available on multiple platforms
• Automatic sync across devices
• Secure data encryption
• Customizable categories and budgets
• Reminders and alerts
• Free version available

Cons

• No web app
• Limited reporting in free version
• No invoice creation
• Steep learning curve

Pricing Comparison

MoneyLion

• Freemium
• Subscription-Based

MoneyWiz

• Freemium