Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, akin to many months so much this season. Allow me to share what I think about to be the top 10 foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of having the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more folks are using cards to buy crypto as well as utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account gives us a trifecta of large crypto news as it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC 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 much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC party as he files files using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and the first days of Affirm as well as the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company indicates that banks are actually losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating initially they will raise more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February