Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and buy now pay later, akin to many months so much this season. Here are what I think about to be the top ten foremost fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment from CNBC? We kicked the week off having the big news from Tesla that they’d 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? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as more people use cards to buy crypto in addition to utilizing 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 savings account allows us a trifecta of huge crypto news as it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel 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 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 party as he files documents while using 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 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.
Within 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, and the first days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company indicates that banks are losing business to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO 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 increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February