Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech news this past week were crypto, SPACs and purchase now pay later, similar to lots of weeks so far this season. Allow me to share what I think about to be the top ten most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week off of which has the big 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 coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as more people use cards to purchase 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 is going to 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 visit public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public via SPAC 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 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 the decision to join the SPAC bash as he files documents with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank accounts within 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 what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they would raise more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February