Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and acquire then pay later, similar to lots of months so much this year. 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 for bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week from that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more people use cards to buy crypto in addition to utilizing 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 bank allows us a trifecta of large crypto news because it announces that it will hold, transfer 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 through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to sign up for the SPAC bash as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm along with what it grew to become 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 actually losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating initially they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February