Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and buy now pay later, similar to lots of months so even this year. Allow me to share what I think about to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off of with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as even more folks use cards to invest in crypto as well as using cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account provides us a trifecta of big crypto news since 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 – Mobile bank MoneyLion to go public through blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will 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 made the decision to become a member of the SPAC soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the first days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company demonstrates that banks are 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 specific week in a downsized IPO that raised just fifty four dolars million after indicating at first they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February