Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week ended up being crypto, SPACs and buy now pay later, similar to lots of days so even this year. Allow me to share what I think about to be the top ten foremost fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off of which has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more folks are using cards to invest in crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank gives us a trifecta of large crypto news because it announces that it is going to hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February