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 a lot of days so far this year. Allow me to share what I think about to be the top ten foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off with the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as even more folks are utilizing cards to purchase crypto and also utilizing 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 savings account gives us a trifecta of huge crypto news since it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC train since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public via SPAC coming 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 more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC party as he files files using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the original days of Affirm along with the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain indicates that banks are losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating initially they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February