Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and purchase now pay later, similar to a lot of days so much this year. Allow me to share what I consider to be the top 10 most prominent fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment offered by CNBC? We kicked the week from that has the big news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network 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 using cards to purchase crypto and also utilizing 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 large crypto news as it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC coming 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 will 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 become a member of the SPAC party as he files paperwork while 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 increase $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and the first days of Affirm in addition to the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February