Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, comparable to many months so far this season. Here are what I think about to be the top ten most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week off that has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more people use cards to invest in crypto as well as using cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account gives us a trifecta of large crypto news because it announces that it is going to hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this as well as 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 bash as he files files while using 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 held Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in 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, as well as the original days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company shows that banks are actually losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February