Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and purchase then pay later, similar to many days so far this year. Allow me to share what I think about to be the top ten most prominent fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week from having the big news from Tesla that they’d acquired $1.5 billion of bitcoin in 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 is going to support several cryptocurrencies immediately on the network of its as even more people are utilizing cards to invest in 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 large crypto news since it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public through SPAC as a result of 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 much 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 soiree as he files files using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of bank account accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the early days of Affirm along with the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 consumers by Company and Bain demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February