Fintech News Today: Top ten 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 purchase then pay later, similar to many months so considerably this season. Allow me to share what I think about to be the top ten most important fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week from with the massive news from Tesla that they’d 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? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more folks are utilizing cards to purchase crypto in addition to using cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account provides us a trifecta of big crypto news as it announces that it will hold, transfer 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 latest fintech to go on the SPAC train as they announced a $2.9 billion deal 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 additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC bash 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, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Inside The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm in addition to the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company shows that banks are actually losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating at first they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February