Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and purchase now pay later, comparable to lots of days so a lot this year. Allow me to share what I think about to be the top ten most important fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week from having the huge 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 Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as even more people are utilizing 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 bank allows us a trifecta of big crypto news because it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public through SPAC coming 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 and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards offered by 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 as a result of The Financial Brand? An interesting global survey of 56,000 customers by Company and Bain demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific 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 due to the Week Ending February