Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and buy then pay later, akin to a lot of weeks so much this season. Allow me to share what I consider to be the top 10 most important fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by CNBC? We kicked the week from having the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
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 will support some cryptocurrencies directly on the network of its as more people are utilizing cards to invest in crypto and also 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 provides us a trifecta of big crypto news since 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 travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to go 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 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 made the decision to sign up for the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain indicates that banks are losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which 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