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Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion

With these innovative platforms at your disposal, you can take more control of your financial future and make informed decisions that lead to greater financial well-being.
moneylion alternatives
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion
All industry sectors are expected to see an increase in fintech consumers annually between 2023 and 2027. Global fintech users are projected to number 5.62 billion by 2023, with 4.4 billion of those users coming from the digital payments sector. More than seven billion people are anticipated to utilize fintech by 2027. With MoneyLion dominating the space, we have put together a list of alternatives.
In this article

MoneyLion is a well-known name in financial technology, with a range of services, including personal loans, credit monitoring, and investment opportunities. However, consumers today have many options for managing their finances, and many are looking for alternatives that better suit their needs. 

This article will explore the top 15 Moneylion alternatives, each offering unique features and advantages.

Top 15 Apps like MoneyLion – Best Alternatives

Let’s deep dive into the top 15 alternatives to MoneyLion and why they are good options to choose from.

Apps like MoneyLionKey FeaturesNotes
BeemAI-powered expense trackingExcellent for users seeking expense analysis and insights
Robust budgeting toolsSimple for creating and managing budgets
Connects to multiple bank accountsSimplifies monitoring your overall finances
Add-on services (insurance, tax filing, loans, etc.)A bit of a “financial supermarket”
EvenAutomatic savings programBest if you struggle to save consistently
*Income/expense tracking *Provides basic spending insights
Flexible pay schedulingIdeal if pay and bill cycles don’t match
PayActiveEarly access to earned wagesTargets employees needing funds before payday
Savings features & financial educationPromotes healthier financial habits
PossibleLower-interest short-term loansGood for avoiding predatory payday loans
Flexible repaymentsEasier than rigid traditional loans
Helps build credit historyPotential for improving credit scores
HonestLoansConnects with various lendersSimplifies searching for loans
Personal, installment, & payday loan optionsCovers different borrowing needs
AlbertAI-powered savings recommendationsIdentifies areas where you can cut costs
Budgeting featuresStandard budgeting functionality
Cash advancesOffers a lifeline for urgent needs
EmpowerDetailed spending analysisGreat for seeing exactly where your money goes
Budgeting tools and savings featuresAll-in-one financial management
ChimeEarly direct depositFaster access to income
No hidden feesTransparent & user-friendly banking
High-yield savingsGrow your money a bit faster
DailyPayOn-demand access to earned wagesEmployee-focused, avoids payday loans
Budgeting toolsPromotes financial health
AvantQuick online personal loansGood if you need cash fast
Personalized loan termsTailored rates based on your credit profile
EarninAccess to unpaid wages between paychecksNo-fee model (tipping is optional)
Balance Shield overdraft protectionHelps keep your account afloat
FlexwageOn-demand earned wage accessMore employee financial wellness
Financial planning toolsEncourages budgeting and saving
CleoAI chatbot for financial questionsUser-friendly for those who aren’t finance-savvy
Expense tracking & budgetingStandard money management tools
Ingo MoneyFast, mobile check cashingIdeal if you don’t use direct deposit often
WealthfrontAutomated, diversified investingGood for hands-off wealth building
Tax optimization strategiesHelps minimize your tax burden

1. Beem

trybeemapp logo
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 17

One of the best Moneylion alternatives – Beem, is an AI-powered Smart Wallet app that has gained attention for its user-friendly approach to money management. At its core, Beem aims to simplify the often complex world of personal finance. Here’s a closer look at what Beem offers:

Expense Tracking Made Easy: Beem excels in helping users track their expenses effortlessly. By categorizing and analyzing spending patterns, it provides valuable insights into where your money is going. This feature alone can be a game-changer for those seeking better financial control.

Practical Budgeting Tools: With Beem’s robust budgeting tools, creating and managing budgets is a breeze. It allows you to set financial goals and monitor your progress. Whether saving for a vacation, paying off debt, or just trying to spend less, Beem has you covered.

Streamlined Account Management: One of the standout features of Beem is its ability to connect multiple bank accounts. This means you can see all your financial information in one place, making understanding your overall financial health easier.

Add ons: Apart from the above. Beem has other add-ons. Get affordable car insurance quotes, file taxes for absolutely free and pick the best personal loans and high-yield savings accounts.

2. Even

even
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 18

Even is another financial app that has gained popularity recently. Even focuses on helping users optimize their income and expenses to reduce financial stress and improve overall financial health. Here’s what Even brings to the table:

Automatic Savings: Even’s automatic savings feature is a game-changer. It analyzes your income and spending patterns and accordingly sets aside money in a dedicated savings account.

Expense Tracking: Even provides insights into your spending habits so you can cut costs and save more. Understanding your spending patterns is crucial for financial success and Even makes it easy.

Flexible Pay Scheduling: One of Even’s standout features is its flexible pay scheduling. If your paycheck aligns differently from your bill due dates, Even can help by allowing you to schedule payments when it’s most convenient.

3. PayActive

payactiv
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 19

PayActive takes a different approach by targeting employee financial wellness. PayActive’s primary goal is to provide employees access to a small portion of their earned wages before they get their salary. This promotes financial stability and reduces reliance on payday loans and overdraft fees.

Access to Earned Wages: PayActive allows employees to get a portion of their already earned wages, addressing immediate financial needs without resorting to high-interest loans. This timely access to funds can be a game-changer for those living paycheck to paycheck.

Savings and Financial Education: In addition to wage access, PayActive offers savings features and financial education resources to help employees build better financial habits. This holistic approach to financial wellness empowers employees to take control of their finances.

Employer Partnerships: PayActive collaborates with employers to provide this financial wellness benefit to their employees. This benefits employees and contributes to a more financially stable and productive workforce.

4. Possible

possible finance
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 20

Possible is a Moneylion alternative that has emerged as a alternative to traditional payday loans. It recognizes that many individuals face unexpected expenses or cash-flow challenges and offers a more affordable and flexible solution.

Reasonable Interest Rates: Possible offers short-term loans with interest rates significantly lower than traditional payday lenders. This helps borrowers avoid the debt cycle often associated with payday loans.

Flexible Repayment: Borrowers can choose a repayment schedule that suits their financial situation. This makes it easier to manage the loan without incurring late fees or penalties.

Builds Credit: Possible reports repayments to credit bureaus, allowing borrowers to establish or improve their credit scores over time.

5. HonestLoans

Honest Loans
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 21

HonestLoans operates as a platform that connects borrowers with a network of lenders. It simplifies the loan application process and offers personal, installment, and payday loans.

Streamlined Application: HonestLoans streamlines the loan application process, saving borrowers time and effort.

Multiple Loan Options: Borrowers can explore various loan options, selecting the one that best aligns with their financial needs and goals.

Secure and Transparent: HonestLoans maintains a secure and transparent platform, ensuring the safety and privacy of borrowers’ personal and financial information.

Also Read: Solo Funds Alternatives

6. Albert

albert
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 22

Albert combines the power of artificial intelligence with human guidance to help users make sound financial decisions, save money, and reduce unnecessary expenses.

Savings Recommendations: Albert provides personalized recommendations on how users can save money and cut unnecessary expenses. It analyzes spending patterns and identifies potential areas for savings.

Budgeting Tools: Users can create and manage budgets within the app, helping them stay on track with their financial goals.

Cash Advances: Albert offers cash advances to users, providing them with financial support when needed. This feature can be a helpful safety net for unexpected expenses.

7. Empower 

empower
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 23

Empower is an all-in-one financial app designed to help users optimize their financial lives. It offers tools for tracking spending, saving money, and making informed financial decisions.

Spending Analysis: Empower’s spending analysis feature helps users track their expenses and gain insights into their financial habits. This information empowers users to make informed decisions about their spending.

moneylion alternative apps
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 24

8. Chime

chime
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 25

Chime has gained recognition as a modern mobile banking platform. It offers many features to make managing money more accessible, from early direct deposit to no hidden fees.

Early Direct Deposit: Chime allows users to receive their paychecks up to two days before traditional banks, giving them quicker access to their money.

No Hidden Fees: Chime prides itself on transparency, with no monthly fees, overdraft fees, or foreign transaction fees.

High-Interest Savings Account: Chime provides a savings account with a competitive interest rate to help users grow their money.

Also Read: Best Klover Alternatives

9. DailyPay

dailypay
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 26

DailyPay is allows employees to get a section of their earned wages before the official payday. This service aims to improve financial stability by reducing the reliance on costly payday loans.

On-Demand Pay: DailyPay allows employees to access their earnings as soon as they’ve earned them, providing greater flexibility and financial control.

Budgeting Tools: DailyPay offers budgeting and financial planning tools to help users manage their money effectively.

10. Avant

 avant
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 27

Avant specializes in online personal loans, catering to individuals needing funds for debt consolidation or unexpected expenses.

Quick Approval: Avant provides quick approval and funding, making it a convenient option for those needing fast access to funds.

Personalized Loan Offers: Avant tailors loan offers to individual credit profiles, ensuring borrowers receive terms that fit their financial situations.

Also Read: Best Dave Alternatives

11. Earnin

earnin
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 28

Earnin offers earned wage access that allows employees to access earned but unpaid wages between their paychecks. Users can choose to tip for the service voluntarily.

No Fees: Earnin operates on a tipping model, meaning users can choose to tip for the service but are not obligated to do so.

Balance Shield: Earnin offers Balance Shield to help users avoid overdrafts by automatically transferring money when their bank account balance is low.

12. Flexwage

flexwage
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 29

Flexwage focuses on financial wellness and helps employees gain access to their earned wages when they need them. It offers tools to assist with budgeting and saving.

On-Demand Pay: Flexwage allows employees to request a portion of their earned wages before the scheduled payday.

Financial Planning: Flexwage offers resources and tools to help users improve their financial wellness, including budgeting assistance.

Also Read: Best Brigit Alternatives

13. Cleo

cleo
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 30

Cleo is an AI-powered financial assistant designed to help users manage their money more effectively. It provides insights, budgeting assistance, and savings features.

Chat-Based Interface: Users can interact with Cleo through a chat-based interface, making it easy to ask financial questions and get advice.

Expense Tracking: Cleo tracks users’ spending habits and provides insights into their financial behavior.

14. Ingo Money

Ingo
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 31

Ingo Money offers a convenient solution for mobile check cashing. Users can deposit checks using their smartphones, making it easier to access their funds.

Quick Check Deposits: Ingo Money allows users to deposit checks quickly and securely using mobile devices.

Fee Structure: Users may incur fees for check deposits, which vary based on the type of check and the processing speed.

Also Know About: How to borrow money from different sources

15. Wealthfront

Wealthfront
Apps like MoneyLion – Top 15 Best Alternatives for MoneyLion 32

Wealthfront is an automated investing platform offering various investment strategies to help users grow their wealth. It employs a robo-advisor to make investment decisions.

Diversified Portfolios: Wealthfront creates diversified portfolios based on users’ risk tolerance and financial goals.

Tax Optimization: Wealthfront uses tax-loss harvesting to help users minimize their tax liabilities.

Also Read: Alternative to cash app

Conclusion

The financial technology landscape continues to evolve, providing individuals with various tools and services to manage their finances more efficiently. Each option caters to different financial needs, whether accessing earned wages on demand, obtaining personal loans, or automating investments. The key is to select the Moneylion alternative that aligns most closely with your unique financial goals and preferences. 

Top of the list is Beem, simply because of its multi-faceted approach to personal finance. Beem offers a range of services to upgrade your basic way of life that is unparalleled to others. From free tax filing to the best quotes for car insurance, personal loans, and high-yield savings accounts, the app has something for everyone.

With these innovative platforms at your disposal, you can take more control of your financial future and make informed decisions that lead to greater financial well-being.

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Author

Team Beem

Team Beem

Team Beem brings you the latest in the world of personal finance to you. From tips and tricks on how to manage money to how to get cash for emergencies, Beem is your destination for all the information you need to be smart about your money.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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