Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and purchase then pay later, comparable to a lot of days so considerably this year. Here are what I think about to be the top 10 most important fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week from having the big news from Tesla that they'd acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as more folks are using cards to purchase crypto as well as using 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 bank gives us a trifecta of huge crypto news because it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today - Movable bank MoneyLion to visit public via blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through SPAC from 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 as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to sign up for the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of savings account accounts found in Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Company and Bain indicates that banks are actually losing business to their fintech rivals while as they continue their customers' central checking account.
LoanDepot raises just $54M wearing downsized IPO coming 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 raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February