Fintech News Today: Top 10 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 a lot of months so far this season. Allow me to share what I think about to be the top ten most important fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of that has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more folks use cards to purchase 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 because 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 of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC as a result of 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 as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC bash as he files documents using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Within 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 concealed 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 losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February