#1(((( MoneyLion 24 Today Toi debit MoneyLion MoneyLion de debit Roar $5 Add mon debit debit MoneyLion® TANALAZZIN debit AWARE www debit MoneyLion HERE WE ROAR INVESTOR PRESENTATION FEBRUARY 2021#2DISCLAIMER The information, including financial information, contained herein has not been finalized and is subject to change. This confidential presentation was prepared exclusively for the benefit and internal use of the party to whom it is directly addressed and delivered in connection with the evaluation of a potential transaction (the "Business Combination") between Fusion Acquisition Corp. ("Fusion") and MoneyLion Inc. ("MoneyLion" or the "Company"). Any further distribution or reproduction of this presentation, in whole or in part, or the divulgence of any of its contents, is unauthorized. By accepting the presentation, each recipient agrees to maintain the confidentiality of the information contained herein in accordance with the confidentiality undertaking previously provided to Fusion. To the fullest extent permitted by law, in no circumstances will MoneyLion or Fusion or any of their respective subsidiaries, stockholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this presentation, its contents, its omissions, reliance on the information contained within it or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. Neither Money Lion nor Fusion has independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness. This data is subject to change. In addition, this presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of MoneyLion or the proposed business combination of Fusion and MoneyLion (the "Business Combination"), and none of Fusion, the Company or their respective affiliates or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this presentation, and the recipient disclaims any such representation or warranty. Viewers of this presentation should each make their own evaluation of Money Lion and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. This presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination or (ii) an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Fusion, MoneyLion or any of their respective affiliates. Any such solicitation will be conducted pursuant to a proxy statement. or registration statement (the "Proxy Statement") filed by Fusion, MoneyLion and/or their respective affiliates with the Securities and Exchange Commission. You should not construe the contents of this presentation as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein, and, by accepting this presentation, you confirm that you are not relying upon the information contained herein to make any decision. Forward-Looking Statements Certain statements in this presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Fusion's or the Company's future financial or operating performance. For example, projections of future Adjusted Revenue, Contribution Profit and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Fusion and its management, and MoneyLion and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against Fusion, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of Fusion, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet the New York Stock Exchange's listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of Money Lion as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that MoneyLion or the combined company may be adversely affected by other economic, business and/or competitive factors; (11) Money Lion's estimates of its financial performance; and (12) other risks and uncertainties set forth in the section entitled "Risk Factors* and "Cautionary Note Regarding Forward-Looking Statements" in Fusion's final prospectus dated June 25, 2020 filed with the SEC on June 29, 2020, the section entitled "Risk Factors" in Fusion's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020, as well as any further risks and uncertainties to be contained in the Proxy Statement filed after the date hereof. Nothing in this presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Fusion nor the Company undertakes any duty to update these forward-looking statements. | 2#3DISCLAIMER Financial Information; Non-GAAP Financial Measures The financial information and data contained in this presentation is unaudited and does not conform to Regulation S-X. Accordingly, such information and data may not be included in any proxy or may be presented differently in any proxy statement or registration statement to be filed by Fusion with the SEC. The "Pro Forma financial data included herein has not been prepared in accordance with Article 11 of the SEC's Regulation S-X, is presented for informational purposes only and may differ materially from the Regulation S-X compliant unaudited pro forma financial statements of MoneyLion to be included in the Proxy Statement in connection with the proposed Business Combination (when available). In addition, 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit. Except as otherwise noted, all references herein to full-year periods refer to MoneyLion's fiscal year, which ends on December 31. Some of the financial information and data contained in this presentation, such as Adjusted Revenue and Contribution Profit, have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). MoneyLion defines Adjusted Revenue as gross revenue net of direct charge-offs, excluding discontinued products. MoneyLion defines Contribution Profit as Adjusted Revenue less cost of sales including processing, data and other variable expenses. MoneyLion uses these non-GAAP measures to compare MoneyLion's performance to that of prior periods for budgeting and planning purposes. Fusion and MoneyLion believe these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Money Lion's results of operations. Fusion and MoneyLion believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Money Lion's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. MoneyLion's method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Money Lion does not recommend the sole use of these non-GAAP measures to assess its financial performance. Money Lion management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in MoneyLion's financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. You should review Money Lion's financial statements, which will be included in the Proxy Statement in connection with the proposed Business Combination (when available), and not rely on any single financial measure to evaluate Money Lion's business. Other companies may calculate Adjusted Revenue, Contribution Profit and other non-GAAP measures differently, and therefore Money Lion's Adjusted Revenue, Contribution Profit and other non-GAAP measures may not be directly comparable to similarly titled measures of other companies. See the Appendix for a description of these non-GAAP measures and a reconciliation of the historic measures to MoneyLion's most comparable GAAP financial measures. This presentation contains financial forecasts of the Company, namely, MoneyLion's projected Adjusted Revenue, Contribution Profit and Net Income for 2020 through 2023. Neither the Company's independent auditors, nor the independent registered public accounting firm of Fusion, audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. These projections should not be relied upon as being necessarily indicative of future results. The projected financial information contained in this presentation constitutes forward-looking information. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See "Forward-Looking Statements above. Actual results may differ materially from the results contemplated by the projected financial information contained in this presentation, and the inclusion of such information in this presentation should not be regarded as a representation by any person that the results reflected in such projections will be achieved. Industry and Market Data In this presentation, Fusion relies on and refers to certain information and statistics obtained from third-party sources which it believes to be reliable, including reports by market research firms. Neither Fusion nor Money Lion has independently verified the accuracy or completeness of any such third-party information. This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. | 3#4TODAY'S PRESENTERS Money Lion Dee Choubey CEO/ Co-Founder CITADEL Goldman BARCLAYS Sachs HAS Rick Correia CFO CITADEL Merrill Lynch accenture Fusion Acquisition Corp. John James CEO BetaSmartz ANGLO-SUISSE CAPITAL LIMITED Boka Group Jeff Gary CFO BlackRock AVENUE CAPITAL GROUP AIG 1⁰⁰ | 4#5FUSION ACQUISITION CORP. Fusion Acquisition Corp. ("Fusion"), a publicly traded company (NYSE: FUSE), raised $350 million at IPO on June 26, 2020 to acquire a target within the FinTech, Asset and Wealth Management sectors with an enterprise value $750 million $3 billion ACQUISITION CRITERIA Offers differentiated products or services within FinTech or Asset and Wealth Management sectors At an inflection point or can innovate through new operational techniques Has a leading or niche market position and demonstrates advantages when compared to the company's competitors Exhibits unrecognized value that can be enhanced based on further analysis and diligence Demonstrated organic growth with capacity for add-on acquisition opportunities Can benefit from being a publicly traded company, with access to broader capital markets, to achieve the company's growth strategy Strong and committed management team in place with a track record of driving growth and profitability MoneyLion® ✓ ✓ ✓ ✓ ✓ ✓ Fusion Acquisition Corp. ✓ Jim Ross Chairman Financial product innovator and experienced director. Currently a senior advisor to State Street. An ETF pioneer and instrumental in creating and bringing to market many of the world's first ETFs, including the SPDR S&P 500 ETF (NYSE: SPY) as well as the first gold ETF (NYSE: GLD) John James CEO Over 20-years' experience as successful institutional investor, asset manager, and founder and operator of multiple technology businesses. Experiences include serving as founder and CEO of BetaSmartz, a global FinTech financial services company and co-founding Boka Group, leading fund management and sovereign advisory Jeff Gary CFO Over 30-years' experience in financial services covering significant M&A, portfolio management, boards, and SPAC experience. Previously worked closely with the Avenue Capital SPAC Investment Team on two completed IPO and Business Combinations (2012-2018) | 5#6TRANSACTION OVERVIEW Implied transaction value of $2.4 billion Transaction represents 9.2x 2022E adjusted revenue and 16.5x 2021E adjusted revenue Transaction expected to be funded through a combination of FUSE's $350 million cash in trust and $250 million of PIPE financing Net proceeds from the transaction of $526 million placed on the balance sheet, net of transaction expenses Current shareholders of MoneyLion to maintain approximately 76% pro forma ownership Closing expected in the first half of 2021, subject to customary regulatory approvals Illustrative Post-Transaction Ownership Breakdown 76% 12% Seller Rollover Shares Public Stockholder Shares PIPE Investors SPAC Sponsor Shares 9% 3% | 6#7azak 153 Planet MENS OF YOUR C Cola Autotrader foo Mori AUPPG Zone SKF MoneyLion Se FREIGHT SUND Bost MoneyLion Meet Money Lion Bio MoneyLion HERE WE ROAR#8WHO WE ARE America's leading digital financial platform MoneyLion is empowering hardworking Americans to take control of their financial lives through powerful products that make it easier to borrow, save, invest and earn. All in one app. +85K All App Stores 4.7 Apple Rating 4.6 TrustPilot Rating PROVIDE FINANCIAL ADVICE AND ACCESS TO EVERY HARDWORKING AMERICAN IMPROVE YOUR FINANCIAL HEALTH Weekly spend reports and money tips 10 9.2 A financial heartbeat score based on your overall financial health Advice START AUTO INVESTING EASILY Fully managed investment account INVESTMENT ACCOUNT • 5678 MoneyLion $472.00 $150.00 in progress $450.00 Net contribution $22.00 (+4.66%) PUT INVESTING ON AUTOPILOT Choose an amount to Auto Invest on your schedule. Tip: $50/month is a popular choice! Investing BANKING THAT GIVES YOU MORE A lot more. Like your paycheck up to two days early with RoarMoney™-plus easy ways to borrow, save, invest, and earn. All in one app. FINANCES Over 7 Million MoneyLion debit RoarMoney is powered by MetaBank, N.A., Member FDIC See description for torms, conditions, and fees Banking GET CASH ADVANCES WITH NO INTEREST 0% APR Instacash advances up to $250 $35 $40 $45 $50 GET CASH NOW Salary Advance START BUILDING CREDIT WITH A LOW APR LOAN Credit Builder Plus™ program MoneyLion More than half of members raise their score by 60 points within 60 days Credit Building | 8#9LED BY TECHNOLOGISTS AND FINANCIAL PRODUCT EXPERTS Rohit D'Souza Executive Chairman CITADEL MERRILL A BANK OF AMERICA COMPANY Morgan Stanley Greg DePetris Head of Strategy CODA MARKETS QUADRISERV Arthur Berd Head of Advice Goldman CFM Sachs Dee Choubey CEO / Co-Founder CITADEL Goldman Sachs BARCLAYS Samantha Roady COO GAIN CAPITAL Rick Correia CFO CITADEL Jerry Weiss Head of Credit O Square citi MS MERRILL A BANK OF AMERICA COMPANY accenture Tim Hong CPO tsumobi emsense Chee Mun Foong CTO / Co-Founder simulex Bill Davaris CMO m Ogilvy Adam VanWagner General Counsel Davis Polk | 9#10Fees Elitist Selfish Dated Banking is Broken Inaccessible Impersonal Limited Misaligned | 10#11OD ZE WE ARE REWIRING THE BANKING SYSTEM SERVE HARDWORKING AMERICANS. LET DATA DRIVE OUR APPROACH. PROVIDE A COMPLETE SOLUTION. CONSTANTLY INNOVATE OUR OFFERING. GENERATE MUTUAL BENEFIT. Focus on 100+ million Americans in need of a financial partner Underserved population represents trillions of annual savings, spending and investments, a $250B revenue opportunity Understand our users' problems through data Billions of user data points identify financial pain points that drive product development and delivery 3 Offer a single platform to address all their needs Multiple product engagement increases revenue per customer at a lower cost to acquire and serve Deliver new products and advice to better serve our users Proprietary technology platform allows for a faster, lower cost product innovation cycle 3 Improve our users' financial well-being 3 Deliver differentiated value to our users, while producing strong revenue growth and profitability 11#12OUR MISSION PROVIDE FINANCIAL ADVICE AND ACCESS TO EVERY HARDWORKING AMERICAN BY REWIRING THE BANKING SYSTEM HERE WE ROAR OUR METRICS Established User Base 1.4 million users with accounts W Proprietary Tech Platform 99% automated processing Efficient Monetization 4-month payback (2) TH Accelerating Adjusted Revenue (1) $102M run-rate 197% YoY growth l.Deep Consumer Insights 1.5 billion user data points Proven Unit Economics 63% contribution profit margin Note: Data as of Q4 2020P. 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2. Payback period of LTM median cohort performance. | 12#13OUR TARGET MARKET FICO 750 700 650 600 550 $50k AMERICA'S MIDDLE CLASS 100+ Million Americans disadvantaged by the current financial system (¹) $100k Household Income $150k+ 1. TransUnion. 2. Nilson, Federal Reserve, U.S. Census Bureau, ValuePenguin; estimated 2019 debit and credit card interchange fees plus estimated revenue opportunity for point-of-sale financing using Q3 2020 LTM e-commerce sales. 3. SNL; Q3 2020 LTM service charges on deposit accounts for U.S. regulated depositories and credit unions; excludes depositories with assets under $1bn. 4. Statista; Assumes 25bps fee on -$3tn of forecasted digital asset manager AUM 5. PMA, Statista; Assumes financial services account for -35% of $8.2bn of affiliate derived revenue. MULTIPLE LARGE FEE POOLS $200 billion $42 billion Spend (2) Save (3) $10 billion Advice (4) (5) OUR CURRENT REVENUE OPPORTUNITY $250+ billion | 13#14PROPRIETARY TECH STACK DRIVES PRODUCT INNOVATION 10 Second Approvals PRODUCT LAYER INSTACASH → INVESTING PLATFORM & MICROSERVICES Payments Risk Models Chatbot 99% Automated Processing ROAR MONEY 55 Machine Learning Models CREDIT BUILDER PLUS C Money Movement Cross-Sell Rewards Instant Transfers On Our Rails PAY OVER TIME Launching In 2021 Prototype to Delivery < 6 Months SECURED CARD Launching In 2021 CRYPTO PLATFORM Launching In 2021 Decisioning In-House CRM Compliance | 14#15DEEP INSIGHT INTO FINANCIAL & NON-FINANCIAL BEHAVIOR 2411 13M+ 1B Connected bank Transaction data accounts points per day 100+ Integrated data sources Vast Real-Time Consumer Data Flows 3B Inferences, categorizations, predictions per day Proprietary Data Platform 14K Insights per user Unique Consumer Intelligence | 15#16WHO WE SERVE Data Driven Customer Segmentation Informs Product Innovation 8.5 The Builder 6.5 The Adventurer 5.0 The Optimist ||||| 3.0 The Hopeful 8.5 MoneyLion FINANCIAL PROFILE The Builder "I'm just working hard to build the future that my wife and I have always wanted." 55% 38% INCOME $75K+ ASSETS $25K+ 43% 45% <25K 55% INVESTORS HOME OWNERS DEBT Save Buffered against day-to-day emergencies with goal oriented savings/investing plans. Spend Spends less than they earn. Budgets to keep spending under control for future. CREDIT 670+ Score High scores on average. Handles debt well and pays off credit card balances every month. Shield The most protected segment with health, life, disability, auto, and HO/renter's insurance. We help The Builder with integrated products that help them control their finances and build future wealth. | 16#17PRODUCTS ESSENTIAL TO DAILY LIFE IN TIMES OF EXCESS Roar Money Digital checking account with cash management & e-commerce features Investing Fully managed investment account all Moneylion ← O INVESTMENT ACCOUNT 5678 MoneyLion $472,⁰⁰ +$150.00 in progress Ⓒ $450.00 Net contribution Add 9:41 AM 1W Withdraw ▲ $22.00 (+4 Your Return ( My all MoneyLion X 9:41 AM SELECT INSTACASH AMOUNT $30 $35 $40 $45 $50 Get $40 now You currently have $90 available. Get up to $50 at a time. 9:41 AM ur loan payment schedule Ⓡ Loan payment $19.80 $19.80 on May 25 every two weeks on Fridays imber, you also pay $19.99/month for access to Credit Builder Plus NEXT IN TIMES OF NEED Instacash 4 0% APR salary advance offering Credit Builder Plus Credit building program with personal loans | 17#18ROARMONEY Demand Deposit Account Banking that gives you more. A lot more. Like your paycheck up to two days early with RoarMoneySM plus easy ways to borrow, save, invest, and earn. All in one app. Cash + Crypto* Rewards *Coming in 2021 $→ Get Paid 2 Days Early Mastercard Price Protection Up to $1,000 9:41 ← RoarMoney MoneyLion Cash is waiting for you! Start using Shake 'N' Bank now! Balance $1,234.90 Ⓡ Add money Virtual card ....1234 Recent transactions $ Starbucks January 10, 2020 Cash deposit January 10, 2020 Transfer Physical card ....1234 : See all $2.85 $150.00 S A | 18#19INSTACASH 0% APR Salary Advances Get paid on your terms. In seconds. Start making life easier with Instacash. Get up to $250 anytime. No interest. No monthly fee. No credit check. Users love Instacash - NPS +80 % No Interest 8 No Credit Check O Cash in Seconds 9:41 ← SELECT INSTACASH AMOUNT $30 $35 $40 $45 $50 GET $40 NOW .... You currently have $90 available. Get up to $50 at a time. | 19#20CREDIT BUILDER PLUS Powerful Credit Building Program Build credit while you save. Establish a credit history or rebuild your credit with Credit Builder Plus - no hard credit check. Lion's Share Loyalty Program your way to $0 membership cost. $- Credit Builder Loan up to $1,000 Monitor Credit Health 60 Point Increase in First 60 days 9:41 Quick View Credit score Powered by TransUnion® Payment history Age of credit Loans Credit utilization Credit inquiries HOME Last updated Aug 15 P 620 LOANS History FINANCES L Simulator CREDIT ▲ 60 40% 24 Years 176% 4 $0 > REWARDS 20#21INVESTING Fully Managed Investment Account Investing in yourself is this easy. Reach your goals faster with managed portfolios and auto investing - no management fees or minimums. Crypto investing coming soon. $ Auto Investing e Personalized Portfolios GLOBAL X Collateralize Your Account W Wilshire 9:41 ↓ Investing MoneyLion Balance $1,234.90 Add money $450.00 Net contribution ▲ $22.00 (+4.66%) Your Return Ⓡ Transfer tall. J F M A M J JASON D Moderately Conservative Mix $202.12 : $500 $250 $100 $50 | 21#22ADVICE EMPOWERING A BETTER FINANCIAL LIFE UNDERSTANDING OUR USERS' FINANCIAL LIVES ENABLES US TO PROVIDE TAILORED GUIDANCE AND PRODUCTS THROUGH OUR AUTOMATED ADVICE PLATFORM TO ACHIEVE THEIR GOALS MoneyLion 10 SAVE 1 $1,321.* Savings and investments 10/10 EXCELLENT $0 9:41 AM Saving for your dreams is the first step to achieving them. $200 9 $400 7 SCORE See my safety net You $600 $800 $1K SAVE SPEND SHIELD SCORE (ro 22#23PRECISION GUIDED ADVICE Now Avoid overdraft fees Our current value proposition Manage surprise expenses Next Paycheck Improve my credit score Build a rainy-day fund Pay my bills Where our Advice will guide our users fGPS™ Technology Next Year Open an investment account Afford a Vacation 97% Achievable Buy a House 95% Achievable Next Decade Save for College 72% Achievable Buy a Car 12% Achievable Retirement+ Travel the World 91% Achievable Kids Inheritance 13% Achievable | 23#24INTRODUCING MONEYLIFE Content that drives low-cost user acquisition and engagement Engage Users through MoneyLife Videos + influencers + community Expand top of funnel Financial advice and education Drive Better Economics Increase cross-sell Earn rewards to shop or save Reduce CAC MoneyLife The peer to peer money network MOST POPULAR Stacey Finley Growing your Stack Podcast Explore COMMUNITY All Channels Most Popular Self Made Noly Gala Black Wallet Ron Fin RECOMMENDED I care the most about. My Pins Debt Student loans. Trading, Small business, Gig Nation Sphen Taylor Savy Athlete Daniel Norris Car Retirement March OTS, PLEGAL TEND Family Investing dsew Investing Realestate, O O O O OO TELL US insurance Jobs, Exec Factor Money Moms Ann teeley O TARGET Sign In TES CA | 24#25CORE GROWTH DRIVERS Significant upside from scaling proven products and strategy MoneyLion roo Continue penetrating enormous addressable Now market Increase top of funnel conversion Cross-sell products with platform approach Rollout of new products Y af og | 25#26NEW PRODUCTS LAUNCHING IN 2021 Pay Over Time Payment flexibility so users can finance RoarMoney purchases over single or multiple installments Note: Adjusted Revenue from these products not included in financial projections debit MoneyLion Secured Credit Card Allows users with investible assets of $250 - $10,000 to collateralize their assets and free up liquidity Crypto Platform Trade, round-up and earn rewards in digital assets and use a crypto wallet for P2P payments | 26#27FINANCIAL ROADMAP HERE WE ROAR MoneyLion ← O $472.00 +$150.00 In progress INVESTMENT ACCOUNT 5678 MoneyLion $450.00 Net contribution 10 Add funds 1W 9:41 AM Withdraw funds 1M ▲ $22.00 (+4.66%) Your Return Ⓒ My noufolio ALL More options#28PLATFORM APPROACH DRIVES DIVERSE REVENUE MODEL (2 Interchange Investing Wealth-RIA Admin Fees PAYMENTS Roar Money K Out-of-Network ATM Fees ADVICE Admin Fee Affiliates Product Recommendation and Affiliate Fees Instacash Instant Transfer Convenience Fees Tips FEES Credit Builder Plus K VIP Membership INTEREST Credit Builder Plus Interest Income Instant Transfer Convenience Fees | 28#29RAPID, LOW-COST USER GROWTH Only $11 million in 2020P marketing expense Investing $195+ million over 2021E - 2023E 461 Q1'19 644 Q2'19 745 Q3'19 894 Q4'19 YoY Growth 113% 980 Q1'20 YoY Growth 59% 1,021 YoY Growth 56% 1,165 YoY Growth 60% 1,434 Q2'20 Q3'20 Q4'20 TOTAL USERS (000s) Note: Reflects cumulative number of users with an account as of a given period. 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit YoY Growth 79% 2,569 YoY Growth 74% 4,461 2021E 2022E YoY Growth 57% 6,987 2023E | 29#30POWER OF THE PLATFORM ARPU $148 100% of Users 1+ Product Note: ARPU relates to LTM median cohort performance. ARPU $200 40% of Users 2+ Products ARPU $248 15% of Users 3+ Products PATH TO PRIMARY FINANCIAL RELATIONSHIP ▶ Platform approach with compelling product suite drives increasing cross-sell and ARPU expansion Dramatic increase in already highly attractive unit economics from single product to multiple product Powers both strong revenue growth and margin expansion | 30#31GROWING ADJUSTED REVENUE DIVERSIFICATION Q4 2020P RUN-RATE Interest Advice 6% 6% Payments 7% Adjusted Revenue: $102M Fees 81% Advice 18% Payments 17% 2023E Interest 5% Adjusted Revenue: $424M Fees 60% Note: Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit ▸ Diversified contribution from multiple revenue models and products ► User cross-sell drives meaningful increase in payments revenue Monetization of recently launched affiliates product driving expansion of advice revenue | 31#32FINANCIAL RESULTS FROM SCALING OUR PROVEN PRODUCTS ADJUSTED REVENUE (¹) $millions '20P - '23E CAGR 77% 40 76 2019A 102 144 258 424 2022E CONTRIBUTION PROFIT (2) $millions 2023E Margin '20P - '23E CAGR 104% 2 4% 2019A 39 51% 2020 Prelim. 65 94 65% 63% Q4 2020P 2021E Run-Rate 184 71% 2022E 2020 Q4 2020P 2021E Run-Rate Prelim. Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2. Contribution Profit defined as Adjusted Revenue less cost of sales including processing, data and other variable expenses. Contribution Profit is a non-GAAP measure. See Appendix for reconciliation of Contribution Profit to GAAP Net Income. 332 78% 2023E | 32#33ADJUSTED REVENUE BRIDGE: Q4 2020P RUN-RATE TO 2021E $millions 102 Growth 25% Q4 2020P Run-Rate 21 Growth 143% Fees 148% Increase in Marketing Spend (1) 11 Growth 94% 6 79% Increase in Users Growth 61% Advice 4 Payments Note: Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Based on 2020P marketing expense. Growth 40% Interest 144 2021E | 33#34POWERFUL MODEL GENERATING PROFITABLE GROWTH FINANCIAL OVERVIEW $millions unless indicated otherwise Adjusted Revenue (1) Contribution Profit (2) Net Income (3) KEY METRICS Adjusted Revenue Growth Contribution Profit Margin User (000s) Payment Volume Originations 2019A $40 $2 ($92) 4% 894 2020P $277 $120 $76 $39 ($24) 90% 51% 1,434 Q4 2020P Run-Rate $512 $410 $102 $65 ($26) 197% 63% (4) 2021E $144 $94 ($28) 88% 65% 2022E 2,569 $1,511 $942 $258 $184 ($23) 80% 71% 2023E N/A 4,461 6,987 $696 $3,672 $5,599 $620 $2,045 $3,319 Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2. Contribution Profit defined as Adjusted Revenue less cost of sales including processing, data and other variable expenses. Contribution Profit is a non-GAAP measure. See Appendix for reconciliation of Contribution Profit to GAAP Net Income. 3. From continuing products. Fair value of warrants is based on 4Q 2020P for the calculation of Q4 2020P Run-Rate Net Income. 4. Represents growth over Q4 2019A run-rate Adjusted Revenue. $424 $332 $18 65% 78% '20P - '23E CAGR 77% 104% 70% 122% 101% | 34#35ATTRACTIVE INITIAL VALUATION RELATIVE TO PEERS FV / 2021E revenue / 2021E growth 2020P-2022E Revenue CAGR 17x MoneyLion 0.2x 9x 84% 39x FV/2022E Median: 16x affirm 1.0x 30x 31% 35x afterpay 0.5x 24x 56% 22x OpenLending 0.2x 16x 71% 22x Square 0.6x 17x 33% 19x 12x SoFi ::: 0.3x 55% 16x 12x 0.3x 47% FV / 2021E Revenue ■FV / 2022E Revenue 41x 31x High-growth High-growth Upstart FinTech / Payments (1) Financial SaaS (¹) adyen bill.com Avalara Anaplan coupa ilincino. Q2 Duck Creek Technologies lightspeed S shopify 1.1x 23x 35% 19x 1.0x 1⁰⁰ 23% Source: Factset as of 01/22/2021, Management estimates, company filings Note: Calendarized to 12/31 year end; Revenue metrics for Shopify, Afterpay, Lightspeed based on gross revenue; Revenues for Open Lending and Upstart based on fees charged from bank and lending partners; Revenues for SoFi based on management projections. FV for SoFi based on SPAC share price and cap table from investor presentation. 1. Financial data for peer group based on median financial metrics. | 35#36APPENDIX III WE GIVE EVERYONE ACCESS#37TRANSACTION OVERVIEW ESTIMATED TRANSACTION SOURCES & USES $millions, except share price Proposed sources Fusion shares issued to seller Fusion cash in trus PIPE financing Founder shares Total sources Proposed uses Fusion shares issued to seller Cash to pro forma balance sheet Founder shares Transaction expenses Debt paydown Total uses $2,204 350 250 88 $2,892 $2,204 526 88 45 29 $2,892 PRO FORMA ENTERPRISE VALUATION AT CLOSE $millions, except share price Total shares outstanding Illustrative share price Equity value (-) Excess cash on balance sheet Enterprise value 2021E EV / Revenue 2022E EV / Revenue 289.2 $10.00 $2,892 ($526) $2,366 16.5x 9.2x Note: Assumes no redemptions from trust. Excludes impact of 7.5 million of seller shares subject to an earnout at $12.50 and 10.0 million of seller shares subject to an earnout at $16.50. Excludes impact of 17.5 million public warrants and 8.1 million private. placement warrants. Assumes 100% stock consideration. At MoneyLion's election, a portion of the available cash may be paid to the sellers, in which case the stock consideration will be reduced proportionately. | 37#38RECEIVABLE FINANCING STRATEGY: INVEST IN AMERICA (IIA) Key IIA Investor Attributes Value to MoneyLion Substantial transfer of credit risk from MoneyLion to IIA through a "true sale of assets" No IIA recourse to MoneyLion Ability to finance every current and future product created by MoneyLion Unique reinvestment model reduces effective cost of capital Originations Financed via IIA $millions 100+ 2019A CAGR: -200% 400+ 2020P 900+ 2021E Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit Investor Profile IIA Fund Structure Lockup Reinvestment Auditor ▪ Institutional investors represent over 80% of IIA funding ▪ Accredited U.S. investors . Fixed return target Daily pledging of receivables ■ Excess return accrues to MoneyLion ▪ 12-48 months ▪ Effective cost of capital resulting from compounding benefit of reinvestment ▪ Deloitte | 38#39UNAUDITED HISTORICAL INCOME STATEMENT ($millions) Selected Income Statement Adjusted Revenue Fees Payments Advice Interest Total Adjusted Revenue (¹) Total Expenses Pre-Tax Income Change in Fair Value of Warrants (benefit) / loss Net Income from Continuing Products Discontinued Products Tax (benefit) / loss Net Income Including Discontinued Products Contribution Profit (2) Contribution Profit Margin Twelve Months Ended December 31 2019A $30 5 3 2 $40 127 ($87) 4 ($92) 12 (0) ($79) $2 4% 2020 Prelim. $61 6 3 5 $76 99 ($23) 1 ($24) 2 (0) ($22) $39 51% Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Adjusted Revenue defined as gross revenue net of direct charge-offs, excluding discontinued products. Adjusted Revenue is a non-GAAP measure. See Appendix for reconciliation of Adjusted Revenue to GAAP Total Revenue. 2. Contribution Profit defined as Adjusted Revenue less cost of sales including processing, data and other variable expenses. Contribution Profit is a non-GAAP measure. See Appendix for reconciliation of Contribution Profit to GAAP Net Income | 39#40RECONCILIATION TO NON-GAAP FINANCIALS: ADJUSTED REVENUE ($millions) Total Revenues, Net (GAAP) Direct Charge-Offs Revenue from Discontinued Products Non-Operating Income Adjusted Revenue (Non-GAAP) Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit Twelve Months Ended December 31 2019A $64 (7) (16) (1) $40 2020 Prelim. $81 (3) (1) (0) $76 | 40#41RECONCILIATION TO NON-GAAP FINANCIALS: CONTRIBUTION PROFIT ($millions) Net Income (GAAP) Add Back: Total Operating Expenses (1) Income tax (benefit) expense Less: Directly Attributable Costs Underwriting Expenses Bank and Payment Processor Fees Direct Charge-Offs Compensation & Benefits IT Professional Fees Other Operating Expenses Other Direct Costs Revenue from Discontinued Products Non-Operating Income Contribution Profit (Non-GAAP) Note: 2020 results are preliminary and unaudited, and subject to change in connection with the completion of the audit 1. Total operating expenses as classified in the audited financial statements Twelve Months Ended December 31 2019A ($79) 143 (0) (18) (7) (7) (4) (16) (1) $2 2020 Prelim. ($22) 103 (0) (8) (14) (3) (4) (4) (1) (0) $39 41#42HERE WE ROAR ro MoneyLion