Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, similar to lots of weeks so considerably this season. Here are what I consider to be the top 10 most important fintech news posts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week from that 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 allow for Some Cryptocurrencies on The Network of its 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 its network as more folks 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 coming from The Wall Street Journal? The nation's oldest bank account provides us a trifecta of large crypto news since 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 go public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to join the SPAC soiree as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna's valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and also the early days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Company and Bain indicates that banks are losing company to their fintech rivals while as they continue their customers' primary checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating initially they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February