Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, similar to a lot of months so even this year. Allow me to share what I think about to be the top ten foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as fee from CNBC? We kicked the week off which has the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more folks are using cards to invest in crypto in addition to using 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 bank allows us a trifecta of big crypto news since 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 go public through blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public through SPAC coming from 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 much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to become a member of the SPAC party as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan In order 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 what it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Bain & Company indicates that banks are losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February