Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and acquire then pay later, comparable to lots of days so far this year. Here are what I think about to be the top ten foremost fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by CNBC? We kicked the week from having the big news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as more folks are using cards to invest in crypto and also 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 huge crypto news as it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public through SPAC from 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 from Bloomberg? Mike Cagney has made the decision to become a member of the SPAC soiree as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm along with how it grew to become 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 losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO from 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 will raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February