Moneylion, Inc. is in talks to go public through a merger with Fusion Acquisition Corp. (NYSE:FUSE), a blank-check company, according to people with knowledge of the matter. Fusion, the special purpose acquisition company, has begun discussions to raise new equity from potential investors for a transaction that's set to value the combined entity at more than $2 billion, said the people, who requested anonymity because the talks are private.

The SPAC is seeking to raise about $200 million to fund the deal, an amount that may be increased, said some of the people. A deal, if agreed, could be announced in coming weeks. It's possible terms change or talks fall apart.

Representatives for MoneyLion and Fusion didn't immediately respond to requests for comment.