Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and buy then pay later, akin to a lot of weeks so considerably this season. Allow me to share what I consider to be the top ten most important fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week from with the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as even more people are utilizing 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 coming from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of large crypto news because it announces that it will hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public through SPAC as a result of 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 more on this as well as 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 become a member of the SPAC party as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. They also announced the launch of bank accounts found 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, and the original days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain shows that banks are losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February