Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and acquire then pay later, akin to many days so even this year. Allow me to share what I consider to be the top ten foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off that has the huge 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 The Network of its from The Wall Street Journal? Much 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 as well as employing 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 gives us a trifecta of large crypto news since it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public through SPAC 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 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 decided to join the SPAC soiree 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, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the early days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February