Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and acquire then pay later, similar to a lot of weeks so even this year. Here are what I think about to be the top ten foremost fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment from CNBC? We kicked the week off that has the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as even more folks are using cards to purchase crypto and also utilizing 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 allows us a trifecta of large crypto news as it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go 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 will 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 decided to sign up for the SPAC party 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, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm as well as what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from 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 even as they keep their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating initially they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February