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 ended up being crypto, SPACs and buy now pay later, comparable to lots of days so even this year. Here are what I consider to be the top 10 foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off which has the massive 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 The Network of its from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as more folks are using cards to purchase 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 bank provides 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 travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to 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 party as he files paperwork 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 held Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the first days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain shows that banks are losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February