Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and acquire now pay later, akin to a lot of months so far this season. Here are what I think about to be the top 10 most prominent fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more folks are utilizing cards to invest in crypto in addition to utilizing 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 allows us a trifecta of large crypto news since it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC as a result of 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 as well as 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 join the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Inside The Billion Dollar Plan 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 what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company shows that banks are losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February