Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and acquire then pay later, akin to many months so much this season. Here are what I consider to be the top 10 foremost fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off of that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
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 its network as more people use cards to buy 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 account provides us a trifecta of big crypto news as it announces that it will hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to visit public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public through SPAC from 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 am going to have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to sign up for the SPAC bash as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts within Germany.
Within The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and the first days of Affirm along with how it became 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 customers by Company and Bain shows that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating at first they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February