Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and buy now pay later, comparable to many days so far this season. Allow me to share what I consider to be the top ten foremost fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week from which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more folks use cards to invest in crypto as well as 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 account provides us a trifecta of huge crypto news as 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 via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through SPAC as a result of 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 am going to have much more on this as well as 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 party as he files files using 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 wanting to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan 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 how it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company indicates that banks are losing business to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises simply $54M in 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 will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February