Bank-App MoneyLion to Buy Even Financial for Up to $440 Million

Mobile banking-app startup MoneyLion Inc. agreed to buy Even Financial Inc., which creates a marketplace for financial products, for as much as $440 million.

The purchase price includes a $360 million upfront payment of cash and preferred shares, and as much as $80 million payable in preferred shares, New York-based MoneyLion said Thursday in a statement. Even Financial investors include Goldman Sachs Group Inc., Citigroup Inc.’s ventures group and American Express Co.’s venture business.

The Even purchase is MoneyLion’s second acquisition in about a month, following its agreement in November to acquire Malka Media Group LLC, a digital media and ...