Fintech News Today: Top ten Fintech News Stories due to 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, similar to a lot of weeks so far this season. Allow me to share what I think about to be the top ten most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment offered by CNBC? We kicked the week off of with the big news from Tesla that they’d 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? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as even more folks use cards to buy crypto as well as using 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 provides us a trifecta of large crypto news because it announces that it is going to 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 visit public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC train because they announced a $2.9 billion deal 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’ll also 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 next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC party as he files files while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm along with the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain indicates that banks are losing business to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February