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 now pay later, similar to a lot of months so considerably this year. Here are what I think about to be the top ten most important 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 off of having the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as more people use cards to purchase crypto as well as 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 gives us a trifecta of large crypto news because it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public through SPAC as a result of 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 will 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 decided to join the SPAC party as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. They also announced the launch of bank 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, and also the original days of Affirm in addition to how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises simply $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 would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February