Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and purchase then pay later, similar to many months so much this year. Here are what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of having the big news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more folks are utilizing cards to purchase crypto as well as utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account gives us a trifecta of big crypto news since it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to travel public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will in addition 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 decided to sign up for the SPAC party as he files files using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank account accounts in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February