Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech information this past week had been crypto, SPACs and acquire now pay later, akin to a lot of months so even this year. Here are what I think about to be the top 10 most important fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off which has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more folks use cards to purchase crypto in addition to utilizing 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 savings account allows us a trifecta of big 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 – Mobile bank MoneyLion to visit public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of savings account accounts in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just fifty four dolars million after indicating initially they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February