Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and purchase then pay later, akin to many weeks so far this season. Here are what I consider 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 from which has 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 The Network of its coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more folks use cards to purchase crypto and also employing 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 allows us a trifecta of big crypto news because it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public through blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll 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 also the MoneyLion SPAC next 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 party as he files documents 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 held Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm as well as what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO out of 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 boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February