Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week had been crypto, SPACs and buy now pay later, similar to many months so a lot this season. Allow me to share what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? 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 in addition to employing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account provides us a trifecta of large crypto news as 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 via blank check merger in $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 package with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC from 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 and also 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 documents with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the original days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating initially they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February