Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and purchase then pay later, akin to a lot of days so far this season. Allow me to share what I consider to be the top ten most important fintech news accounts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee from CNBC? We kicked the week off which has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more folks are using cards to buy crypto as well as using cards to spend their crypto.
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 big crypto news since it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to join the SPAC bash as he files documents 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 held Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company shows that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February