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 were crypto, SPACs and buy then pay later, comparable to lots of weeks so much this year. Allow me to share what I consider to be the top ten most important fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week off of having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much 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 purchase 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 bank allows us a trifecta of big crypto news since it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have 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 made a decision to sign up for the SPAC soiree as he files documents using the SEC for Figure Acquisition Corp. I and intends to raise $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 zillion at a $25b? $30b valuation. They also announced the launch of savings account accounts in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the first days of Affirm in addition to how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain shows that banks are actually losing business to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO out of 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 for the Week Ending February