Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and buy now pay later, similar to many months so far this season. Allow me to share what I consider to be the top ten most important fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week off of which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more folks use cards to buy crypto in addition to using cards to spend the crypto of theirs.
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 huge crypto news as it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will 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 become a member of the SPAC party as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $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 increase $500 zillion at a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the original days of Affirm in addition to how it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they would raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February