Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and purchase now pay later, comparable to a lot of weeks so considerably this season. Allow me to share what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of which has the huge 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 The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more folks are using cards to invest in crypto in addition to using cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account gives us a trifecta of huge crypto news since it announces that it is going to 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 in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public via SPAC 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 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 decided to sign up for the SPAC soiree as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank accounts within Germany.
Inside 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 the first days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just $54 million after indicating initially they will boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February