MoneyLion, a New York-based comprehensive digital financial platform, is preparing to go public via a merger with Fusion Acquisition Corp., a wealth-management-focused special-purpose acquisition acquisition company (SPAC).

MoneyLion’s suite of products are designed to serve middle-class Americans, a group of 100 million households underserved by the global financial system that it has identified as a $250 billion revenue opportunity, according to a company announcement.

Fusion, which went public last June, is chaired by ETF pioneer Jim Ross. During his career at State Street, Ross is credited with helping to bring to market the SPDR S&P 500 ETF Trust (SPY) and SPDR Gold Shares (GLD), two of the largest and most-traded ETFs in the world.

MoneyLion’s digital advice platform, Financial Heartbeat, is built around monitoring four areas of a user’s financial health: Save, or how well a user is prepared for planned and unexpected expenses; Spend, to help keep a user’s spending in line with their income; Shield, to help organize a user’s insurance needs and coverage; and Score, the user’s credit score and overall credit health.

Financial Heartbeat also includes a “Strive” service that provides reporting and tracking towards various financial goals.

MoneyLion’s suite of products also include RoarMoney, a mobile banking service; fully-automated investing tools that include access to ESG portfolios; Instacash, which offers interest-free salary advances; and Credit Builder Plus, a program to help users build or rebuild their credit.

In July 2020, Ross noted that Fusion was founded to identify opportunities in fintech, asset or wealth management because they were “growth sectors loaded in upside potential.”

Now, it appears that Fusion found just that in MoneyLion.

In 2020, MoneyLion reported $76 million of adjusted revenue, forecasting $144 million in revenue for 2021, a year-over-year growth of 88%, according to the company press release.

After the acquisition, the combined company has an estimated enterprise value of $2.4 billion, according to the announcement, and an equity value of over $2.9 billion from the contribution of $350 million in cash from Fusion’s trust account and an additional private investment from other investors including BlackRock and Apollo Global Management.

The additional funding will be used to support MoneyLion’s working capital and scale its platform and suite of products.