Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, akin to a lot of weeks so a lot this season. Allow me to share what I consider to be the top 10 most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week off with the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as even more folks use cards to buy crypto and also using cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account provides us a trifecta of large crypto news because it announces that it will hold, transport and issue bitcoin and 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 latest fintech to jump on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public via SPAC 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 am going to have much 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 become a member of the SPAC soiree as he files documents while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, as well as the original days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 consumers by Bain & Company demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating initially they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February