Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, akin to lots of weeks so a lot this year. Allow me to share what I consider to be the top 10 foremost fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week from that has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as even more people are utilizing cards to buy crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of big crypto news as it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to visit public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will additionally 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 next 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, affirms article 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 bank accounts found in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO that raised just fifty four dolars million after indicating initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February