Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, comparable to lots of days so considerably this year. Allow me to share what I think about to be the top 10 most important fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week from having the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as more folks are using cards to purchase crypto in addition to using 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 gives us a trifecta of huge crypto news since it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll also 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 the decision to sign up for the SPAC bash as he files files with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 million in a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the early days of Affirm as well as what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 consumers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February