Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and acquire then pay later, comparable to a lot of days so a lot this season. Allow me to share what I consider to be the top ten foremost fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as even more folks are utilizing cards to invest in crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank allows us a trifecta of large crypto news because it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to travel public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much 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 made a decision to join the SPAC soiree as he files documents with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held 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 found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the first days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain shows that banks are actually losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating at first they would raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February