Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and purchase now pay later, comparable to lots of days so considerably this season. Allow me to share what I think about to be the top ten most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week from which has the huge news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more people are using cards to purchase crypto in addition to using 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 allows us a trifecta of big crypto news because it announces that it is going to hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to visit public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC soiree as he files paperwork while using 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 contained Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of savings account 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 first days of Affirm in addition to how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company shows that banks are losing company to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February