Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, akin to many weeks so far this year. Allow me to share what I think about to be the top 10 foremost fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off of 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 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 some cryptocurrencies directly on its network as even more people are utilizing cards to purchase crypto in addition to 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 savings account gives us a trifecta of huge crypto news since it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to travel 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 and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to sign up for 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, tells you article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the first days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February