Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and buy then pay later, similar to many months so far this season. Allow me to share what I think about to be the top ten foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee from CNBC? We kicked the week off with the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more folks are using cards to purchase crypto in addition to utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank provides us a trifecta of huge crypto news because it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit 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 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 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 held Swedish BNPL giant is reportedly wanting to increase $500 million at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from 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 hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain shows that banks are actually losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February