Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week had been crypto, SPACs and purchase now pay later, comparable to many months so far this season. Allow me to share what I think about to be the top 10 most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off that has the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more folks are using cards to invest in crypto in addition to 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 account provides us a trifecta of large crypto news since it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today - Mobile bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest 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 will have 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 decided to sign up for the SPAC soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank accounts 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 original days of Affirm along with what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company shows that banks are losing business to their fintech rivals while as they continue their customers' primary checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating at first they will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February