Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and purchase now pay later, akin to many days so a lot this season. Here are what I consider to be the top 10 most important fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee from CNBC? We kicked the week off of having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as more folks are using cards to buy crypto in addition to employing 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 account allows us a trifecta of large crypto news as it announces that it is going to hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public via blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will 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 offered by Bloomberg? Mike Cagney has made the decision to sign up for the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the early days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just fifty four dolars million after indicating initially they would boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February