Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and acquire then pay later, akin to a lot of weeks so considerably this year. Allow me to share what I think about to be the top ten most important fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week from that has the huge 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 coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as more people use cards to buy crypto as well as employing 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 gives us a trifecta of large crypto news since it announces that it will hold, transport and 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 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 actually the most recent fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally 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 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 using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 customers by Company and Bain indicates that banks are losing company to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February