Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, comparable to many weeks so far this season. Here are what I think about to be the top ten most prominent fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee offered by CNBC? We kicked the week off of with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as more folks use cards to purchase crypto and also utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account provides us a trifecta of large crypto news because it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to visit public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public through SPAC coming 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 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 soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, as well as the original days of Affirm as well as how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company indicates that banks are losing business to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February