Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and buy then pay later, similar to many days so a lot this year. Allow me to share what I think about to be the top 10 most important fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment from CNBC? We kicked the week from 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 The Network of its coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as even more people are using cards to invest in crypto and also 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 account allows us a trifecta of big crypto news because it announces that it will hold, transport 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 in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll additionally 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 following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC party as he files documents while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm along with how it grew to become 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 Company and Bain indicates that banks are losing company to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating initially they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February