Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and acquire now pay later, similar to lots of days so much this season. Allow me to share what I think about to be the top 10 foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by CNBC? We kicked the week from with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network 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 people are using cards to buy crypto in addition to using 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 account provides us a trifecta of large crypto news since it announces that it is going to hold, transport and issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC bash as he files files while 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 kept Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm along with what it became 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 demonstrates that banks are actually losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating initially they will increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February