Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and buy then pay later, akin to lots of months so even this season. Here are what I consider to be the top 10 foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of that has the huge 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 The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more people are utilizing cards to invest in crypto as well as utilizing cards to spend the crypto of theirs.
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 because it announces that it will hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to visit public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public through SPAC coming 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 will 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 join the SPAC party as he files documents while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February