Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, akin to many weeks so far this season. Allow me to share what I think about to be the top ten most prominent fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more people are utilizing cards to invest in crypto as well as utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of huge crypto news because it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to go public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to go public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to become a member of the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company shows that banks are actually losing business to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating initially they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February