Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech information this past week had been crypto, SPACs and buy then pay later, akin to many days so far this season. Allow me to share what I think about to be the top ten most important fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off of having the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as even more folks are utilizing cards to purchase 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 gives us a trifecta of huge crypto news since it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public via SPAC coming from 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 more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join 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, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the first days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating at first they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February