Fintech News Today: Top 10 Fintech News Stories because of 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 a lot of weeks so much this year. Allow me to share what I think about to be the top 10 most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of which has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as more folks are utilizing 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 from The Wall Street Journal? The nation’s oldest bank account gives us a trifecta of large crypto news because it announces that it is going to hold, transport as well as 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 in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via 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 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 decided to join the SPAC bash as he files documents using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 zillion in a $25b? $30b valuation. Additionally, they 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, co founder and CEO of Affirm, and also the early days of Affirm in addition to how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company demonstrates that banks are losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating at first they would increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February