Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and buy now pay later, akin to lots of weeks so even this year. Here are what I consider to be the top 10 most prominent fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week off of which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more folks use cards to buy crypto and also utilizing 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 gives us a trifecta of huge crypto news since it announces that it is going to hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC soiree 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, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm along with the way it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company indicates that banks are losing company to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week in 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 due to the Week Ending February