Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and buy then pay later, similar to many months so a lot this year. Allow me to share what I consider to be the top 10 foremost fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of that has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more folks are using cards to buy crypto and also 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 provides 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 its asset-management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public via SPAC coming 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 am going to 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 made a decision to become a member of the SPAC bash as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm as well as the way it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company indicates that banks are actually losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just $54 million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February