Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and purchase then pay later, akin to lots of months so much this year. Here are what I consider to be the top ten foremost fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off which has the huge news from Tesla that they’d 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 great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as even more folks are utilizing cards to invest in crypto in addition to using cards to spend the crypto of theirs.
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 because it announces that it will hold, transport 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 in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to go public through 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 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 the decision to sign up for the SPAC party as he files paperwork 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 held Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the original days of Affirm along with how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 consumers by Company and Bain demonstrates that banks are losing company to their fintech rivals even 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 in a downsized IPO that raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February