Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech information this past week had been crypto, SPACs and purchase then pay later, comparable to many months so much 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 for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off having the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more folks are utilizing cards to invest in crypto and also using 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 account provides us a trifecta of huge crypto news because it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public through blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll 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 decided to join the SPAC party as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain shows that banks are actually losing company 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 specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February