Fintech News Today: Top 10 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 now pay later, comparable to a lot of days so much this season. Here are what I consider to be the top 10 most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week from which has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more people are using cards to invest in crypto as well as using cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank provides us a trifecta of big crypto news as it announces that it will hold, transport and 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 in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will additionally 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 made a decision to become a member of the SPAC bash as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating initially they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February