Fintech News Today: Top 10 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, comparable to a lot of months so considerably this year. Allow me to share what I consider to be the top 10 most prominent fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off with the huge 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 Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as even more people use cards to purchase crypto and also 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 because it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to go 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 much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC bash as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the early days of Affirm along with the way it evolved into 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 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating at first they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February