Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week were crypto, SPACs and buy then pay later, similar to a lot of months so a lot this season. Allow me to share what I think about to be the top 10 foremost fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off that has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as more people are utilizing cards to buy crypto in addition to employing 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 bank account gives us a trifecta of large 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 – Movable bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to go public through SPAC 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 am going to have 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 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 increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the first days of Affirm along with the way it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 consumers by Company and Bain demonstrates that banks are losing business to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises simply $54M wearing 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 raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February