Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and buy then pay later, comparable to a lot of months so much this season. Here are what I consider to be the top ten most prominent fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more great 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 purchase crypto and also employing 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 account gives us a trifecta of huge crypto news as 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 – Mobile bank MoneyLion to travel public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit 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 am going to have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC soiree as he files files while 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 contained Swedish BNPL giant is reportedly wanting to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the first days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain indicates that banks are losing business to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $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 boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February