Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, similar to a lot of days so a lot this season. Here are what I think about to be the top 10 foremost fintech news posts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week from which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as more people use cards to invest in crypto as well as 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 gives us a trifecta of big crypto news because it announces that it is going to hold, transfer as well as issue bitcoin along with 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 from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will in addition 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 decided to sign up for the SPAC party as he files files using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the first days of Affirm as well as the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Bain & Company indicates that banks are actually losing company to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February