Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and purchase now pay later, comparable to a lot of days so much this season. Here are what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off of with the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more folks use cards to buy crypto as well as 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, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the early days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company shows that banks are losing business to their fintech rivals while as they keep 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 that raised just fifty four dolars million after indicating at first they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February