Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and acquire then pay later, akin to many days so considerably this year. Allow me to share what I think about to be the top ten most important fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week from with the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more folks are using 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 savings account provides us a trifecta of huge crypto news as it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to join the SPAC party as he files files 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 kept Swedish BNPL giant is reportedly wanting to raise $500 zillion in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and the first days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company shows that banks are losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating at first they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February