Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and buy then pay later, akin to lots of months so much this year. Here are what I consider to be the top 10 most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week off having the big news from Tesla that they had 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 from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as more folks are using cards to invest in crypto and also utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of large 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 – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to visit public through SPAC as a result of 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 will have 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 the decision to become a member of the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to raise $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 zillion at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts within Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the first days of Affirm as well as what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 customers by Bain & Company indicates that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating at first they will increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February