Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week ended up being crypto, SPACs and buy now pay later, akin to many days so far this year. Allow me to share what I consider to be the top ten foremost fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by CNBC? We kicked the week off of having the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for 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 some cryptocurrencies directly on its network as even more people are utilizing cards to invest in crypto as well as 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 savings account provides us a trifecta of huge crypto news since it announces that it will hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this as well as the MoneyLion SPAC next 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 bash 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 article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 consumers by Company and Bain shows that banks are losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February