Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, akin to lots of months so much this year. Allow me to share what I think about to be the top ten most prominent fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week from with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as more people are using cards to buy crypto as well as using 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 bank account provides us a trifecta of huge crypto news since it announces that it will hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public via 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 will have much more on this and the MoneyLion SPAC following 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 soiree as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Inside The Billion Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and 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 interesting worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO that raised just fifty four dolars million after indicating at first they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February