Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, comparable to lots of days so considerably this season. Here are what I think about to be the top 10 foremost fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by CNBC? We kicked the week off of with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more people are using cards to invest in 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 savings account gives us a trifecta of big crypto news since it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public through 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 will have much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC soiree as he files documents with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm as well as 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 worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating initially they would raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February