Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and purchase then pay later, comparable to a lot of weeks so considerably this season. Allow me to share what I think about to be the top 10 most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off with the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as even more folks use cards to purchase crypto as well as employing 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 savings account allows us a trifecta of big crypto news since it announces that it is going to hold, transport as well as 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 in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC as a result of 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 will have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC bash as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the first days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting global 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’ core checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular 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 for the Week Ending February