Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week had been crypto, SPACs and acquire then pay later, akin to lots of days so much this season. Here are what I think about to be the top 10 most prominent fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off of with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as more people are utilizing cards to invest in crypto as well as using 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 big crypto news because it announces that it will hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will also 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 offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC bash as he files documents using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the original days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February