Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and purchase now pay later, comparable to lots of months so a lot this season. Allow me to share what I consider to be the top 10 most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week from having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as even more folks are utilizing cards to invest in crypto and also 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 allows us a trifecta of huge crypto news because it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC party 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, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the original days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers 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 coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating initially they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February