Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and purchase now pay later, similar to lots of days so much this season. Here are what I think about to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off of having the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more people use cards to invest in crypto and also using 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 account provides us a trifecta of huge crypto news as it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public through SPAC from 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 am going to have more on this and also the MoneyLion SPAC next 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 bash as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden 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 company to their fintech rivals while 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 initially they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February