This under-the-radar fintech play seems like a long-term winner

SPAC-listed stocks have become notorious for destroying shareholder value and for a good reason. Most of them have actually gone bust shortly after their market debut, burning billions of investor capital. One of them is fintech MoneyLion ($ML) that went public via SPAC merger in September 2021. ML stock is down nearly 90% since its trading debut, disappointing all investors who bought around that time.

While $ML proved to be a bubble, the company’s fundamentals have improved dramatically, helping the stock rebound significantly from all-time lows. As you can see below, $ML stock has more than tripled since hitting all-time lows thanks to its solid fundamental performance.

ML stock’s rally can continue as the company grows rapidly and profitably, even though it’s still in the very early stages of growth, proving it has a winning business model. Let’s take a deeper dive into this under-the-radar fintech play.

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