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Fintech News Today: Top ten Fintech News Stories because of the Week Ending February

Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more

The three warm themes in fintech information this past week had been crypto, SPACs and purchase then pay later, similar to many months so far this year. Here are what I think about to be the top ten most prominent fintech news accounts of the past week.

Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off having the big news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.

Mastercard to allow for 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 some cryptocurrencies directly on its network as even more folks are utilizing 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 coming from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of large crypto news as it announces that it is going to hold, transport as well as issue bitcoin along with 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 latest fintech to go on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.

OppFi is the newest fintech to go public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this and the MoneyLion SPAC following week).

Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.

Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. They also announced the launch of bank account 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, as well as the original days of Affirm along with what it became a BNPL juggernaut.

Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals even as they continue their customers’ primary checking account.

LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating initially they would increase over $360 million.

Fintech News Today: Top ten Fintech News Stories for the Week Ending February

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