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 were crypto, SPACs and purchase then pay later, akin to a lot of months so even 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 for bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week from that has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as even more people use cards to buy crypto as well as utilizing cards to spend the crypto of theirs.
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 large crypto news because it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public via SPAC coming from 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 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 made a decision to join the SPAC soiree as he files documents 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 held Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the early days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they keep 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 that raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February