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 acquire then pay later, comparable to many days so far this year. Here are what I consider to be the top ten foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee 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 coming from The Wall Street Journal? 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 using cards to invest in crypto in addition to employing 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 gives us a trifecta of large crypto news because 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 – Mobile bank MoneyLion to travel public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have more on this as well as 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 looking to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company indicates that banks are losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just fifty four dolars million after indicating at first they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February