Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week were crypto, SPACs and buy then pay later, similar to many days so a lot this season. Allow me to share what I consider to be the top ten most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by CNBC? We kicked the week from having the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
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 immediately on the network of its as more people are using cards to invest in crypto as well as using 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 bank account gives us a trifecta of big crypto news as it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to go public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via 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 will have more on this and also the MoneyLion SPAC following 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 while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the early days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company shows that banks are actually losing business to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating initially they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February