Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week had been crypto, SPACs and purchase then pay later, comparable to a lot of weeks so considerably this year. Allow me to share what I consider to be the top ten most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week off with the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more folks are utilizing cards to invest in crypto as well as 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 savings account allows us a trifecta of big crypto news because it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to travel 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 am going to have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to join the SPAC party as he files documents with 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 increase $500 huge number of at 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? Good profile on Max Levchin, CEO and co-founder of Affirm, and the original days of Affirm along with the way it evolved into a BNPL juggernaut.
Survey Reveals a hidden 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 company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February