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 were crypto, SPACs and purchase then pay later, comparable to many weeks so considerably this year. Allow me to share what I consider to be the top ten most important fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off that has the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more folks use cards to purchase crypto and also 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 bank 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 deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have 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 documents with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts in Germany.
Within The Billion-Dollar Plan to be able 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 in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain indicates that banks are actually losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in 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 because of the Week Ending February