Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and buy then pay later, akin to many days so far this year. Here are what I think about to be the top ten foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off of that has 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 The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as even more folks are utilizing cards to buy crypto in addition to utilizing 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 provides us a trifecta of large crypto news as it announces that it will 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 visit public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public via SPAC 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 much 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 files while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and the original days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain shows that banks are losing business 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 would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February