Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and buy then pay later, comparable to many weeks so considerably this season. Allow me to share what I consider to be the top ten most important fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by CNBC? We kicked the week off of with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as even more people are using cards to invest in crypto in addition to using 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 bank account provides us a trifecta of large crypto news as it announces that it will hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
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 jump on the SPAC bandwagon as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public via 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 much more on this and also 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 soiree 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 contained Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the original days of Affirm along with what it became 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 Company and Bain indicates that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February