Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, similar to lots of months so far this year. Here are what I consider to be the top 10 foremost fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week from that has the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more folks use cards to purchase crypto in addition to utilizing 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 provides us a trifecta of big crypto news as it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have 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 become a member of the SPAC party as he files documents with 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 increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and also the original days of Affirm along with what it became 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 while as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February