Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and acquire then pay later, similar to many months so far this year. Here are what I consider to be the top ten most important fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for 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 some cryptocurrencies directly on the network of its as more people are utilizing cards to purchase crypto as well as employing 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 gives us a trifecta of big crypto news because it announces that it is going to hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is 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 the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC bash 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, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the early days of Affirm along with what it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain indicates that banks are actually losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating initially they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February