Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and purchase now pay later, comparable to lots of weeks so considerably this year. Allow me to share what I consider to be the top ten foremost fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off having the big news from Tesla that they'd 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? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as even more people use cards to buy crypto in addition to employing 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 bank provides us a trifecta of huge crypto news because it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Mobile bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via 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 am going to have much more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC soiree as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, affirms article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank 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, and the early days of Affirm in addition to the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company indicates 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 from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February