Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and acquire now pay later, akin to lots of weeks so even this year. Here are what I consider to be the top ten foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from CNBC? We kicked the week off of which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more folks are using 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 savings account allows us a trifecta of huge crypto news since it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public via SPAC 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 will have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the first days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 consumers by Company and Bain indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO out of 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 will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February