Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and purchase now pay later, similar to many weeks so much this year. Here are what I consider to be the top 10 most important fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as even more folks use cards to invest in crypto and also using cards to spend their crypto.
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 huge crypto news since it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will 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 next 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 paperwork using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held 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.
Within The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the original days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain shows that banks are actually losing business to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February