Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and acquire now pay later, comparable to a lot of months so considerably this year. Here are what I consider 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 from CNBC? We kicked the week off of having the massive news from Tesla that they’d 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 some cryptocurrencies directly on the network of its as more folks use cards to purchase crypto as well as employing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank provides us a trifecta of big crypto news as it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to sign up for the SPAC soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 consumers by Bain & Company shows that banks are losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating at first they will raise more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February