Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and buy then pay later, similar to a lot of months so much this season. Allow me to share what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more people use cards to purchase crypto as well as utilizing 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 savings account provides us a trifecta of huge crypto news as it announces that it is going to hold, transport and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to visit public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC party as he files documents with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Within The Billion Dollar Plan to be able 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 along with the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February
