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 buy then pay later, comparable to many months so considerably this year. Here are what I think about to be the top 10 foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by CNBC? We kicked the week from with the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as more people are using cards to buy 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 gives us a trifecta of large crypto news as it announces that it is going to hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp as they announced a $2.9 billion deal 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 additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have 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 made the decision to become a member of the SPAC soiree as he files documents using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found 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, and the original days of Affirm as well as the way it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO that raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February