Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, akin to lots of weeks so even this season. Allow me to share what I think about to be the top 10 most important fintech news stories of the past week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more folks are using cards to purchase crypto as well as 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 allows us a trifecta of huge crypto news since it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to go public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this and 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 files while using 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 million at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm along with the way it grew to become 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 consumers by Bain & Company demonstrates that banks are losing business to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating initially they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February