Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, comparable to lots of months so much this year. Here are what I think about to be the top 10 foremost fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by CNBC? We kicked the week off of that has the big news from Tesla that they’d 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 more folks are utilizing cards to purchase crypto and also employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account provides us a trifecta of big crypto news as it announces that it is going to hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public through 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 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 join the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts within Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the original days of Affirm along with the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain indicates that banks are actually losing company to their fintech rivals even as they keep their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just fifty four dolars million after indicating initially they will increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February