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 ended up being crypto, SPACs and buy now pay later, similar to many days so much this year. 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 for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off that 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 support 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 several cryptocurrencies immediately on its network as more people use cards to buy crypto and also 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 large crypto news as it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public via SPAC coming from 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 become a member of the SPAC bash 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, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the first days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 customers by Bain & Company shows that banks are actually losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating at first they will boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February