Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and buy now pay later, comparable to many days so a lot this year. Allow me to share what I think about to be the top 10 most important fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week from which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as more people use cards to invest in crypto in addition to 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 allows us a trifecta of large crypto news as it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to visit public via 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 deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally 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 next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to sign up for the SPAC soiree as he files documents 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 kept Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm in addition to the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain indicates that banks are losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February