Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and buy then pay later, akin to a lot of weeks so a lot this year. Here are what I think about to be the top ten most important fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off of which 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 allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good 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 buy 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 savings account gives us a trifecta of huge crypto news as it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to go 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 will 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 decided to become a member of the SPAC party 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 article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Company and Bain shows that banks are losing company to their fintech rivals even as they continue their customers’ central 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 will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February