Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy then pay later, akin to lots of days so far this season. Allow me to share what I consider to be the top 10 foremost fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off having the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for 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 more folks use cards to purchase crypto in addition to employing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account provides us a trifecta of big crypto news as it announces that it will hold, transport and issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through 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 deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go 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 will have more on this and also 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 sign up for the SPAC party as he files paperwork 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 kept Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and also the original days of Affirm as well as what it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting global 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 simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating initially they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February