Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and purchase now pay later, comparable to lots of weeks so even this year. Here are what I consider to be the top 10 most important fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off which has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as more folks are using 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 bank account gives us a trifecta of large crypto news since 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 travel public through blank-check merger in $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 deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to become a member of 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 held Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the early days of Affirm as well as how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February