Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week were crypto, SPACs and acquire now pay later, similar to lots of months so a lot this year. Allow me to share what I consider to be the top 10 most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment from CNBC? We kicked the week off which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more folks are using cards to invest in crypto in addition to using cards to spend the crypto of theirs.
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 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 of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public via SPAC coming from 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 am going to have much more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC soiree as he files paperwork with 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 contained Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the early days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just fifty four dolars million after indicating at first they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February