Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, comparable to many weeks so even this season. Allow me to share what I consider to be the top 10 foremost fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off that has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained 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 great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more people are utilizing cards to purchase crypto as well as utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of big crypto news because it announces that it will hold, transfer 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 through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via 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 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 decided to join the SPAC bash as he files documents while 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 held Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in 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 also the first days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating initially they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February