Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and purchase then pay later, comparable to lots of weeks so a lot this year. Allow me to share what I consider to be the top ten foremost fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week off of having the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more folks are using cards to purchase crypto and also using 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 bank allows us a trifecta of big crypto news as it announces that it will hold, transport as well as issue bitcoin as well as 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 from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC as a result of 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 more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC bash as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the early days of Affirm as well as the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company shows that banks are losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just $54 million after indicating initially they will increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February