Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and buy then pay later, comparable to lots of days so considerably this year. Allow me to share what I consider to be the top ten most important fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week from that has the big 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 from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as even more people are using cards to invest in crypto in addition to utilizing 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 bank account allows us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public through blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to go public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to become a member of the SPAC party as he files documents while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm as well as how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain indicates that banks are losing company 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 particular week inside a downsized IPO that raised just $54 million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February