Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, similar to a lot of days so much this year. Here are what I think about to be the top ten foremost fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as even more people are using cards to invest in crypto and also employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of large crypto news since it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to go public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public through 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 much 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 made the decision to sign up for the SPAC bash as he files documents with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. They also announced the launch of bank account accounts in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm along with how it became 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 Company and Bain indicates that banks are actually losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February