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 acquire now pay later, similar to lots of days so considerably this year. Here are what I think about to be the top ten most prominent fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week from which has the big 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 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 even more people are using cards to purchase crypto and also 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 gives 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 in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC coming 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 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 offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC bash as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February