Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech information this past week were crypto, SPACs and purchase now pay later, comparable to many months so even this year. Allow me to share what I think about to be the top 10 most prominent fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more people use cards to purchase crypto as well as using cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account provides us a trifecta of huge crypto news as it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to visit public through blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public through SPAC as a result of 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 will 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 decided to join the SPAC soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February