Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities

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Variable Interest Entities
 9 Months Ended
Sep. 30, 2021
Variable Interest Entities [Abstract]  
VARIABLE INTEREST ENTITIES

9. VARIABLE INTEREST ENTITIES

 

As of September 30, 2021 and December 31, 2020, the following table summarizes the VIEs’ assets included in MoneyLion Inc.’s consolidated financial statements, after intercompany eliminations:

 

    September 30,     December 31,  
    2021     2020  
Assets:            
Cash   $ 2,539     $ 390  
Finance receivable     114,811       60,845  
Allowance for losses on finance receivable     (15,505 )     (8,581 )
Finance receivables, net     99,306       52,264  
Total assets   $ 101,845   $ 52,654