Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and purchase now pay later, akin to a lot of months so much this season. Allow me to share what I consider to be the top ten foremost fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off which has the huge news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as more folks are using cards to purchase crypto in addition to employing 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 since it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump 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 coming from 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 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 documents 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 kept Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm along with the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 customers by Bain & Company indicates that banks are actually losing company to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just $54 million after indicating initially they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February