Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, akin to a lot of days so far this year. Allow me to share what I think about to be the top ten most important fintech news accounts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week from having the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as even more folks are using cards to purchase crypto as well as utilizing cards to spend the crypto of theirs.
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 big crypto news because it announces that it is going to hold, transport and issue bitcoin and 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 offered by 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 actually the newest fintech to travel public through SPAC from 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 as well as 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 become a member of the SPAC bash as he files files with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account 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 along with what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February