Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week had been crypto, SPACs and acquire then pay later, akin to many weeks so even this year. Allow me to share what I think about to be the top ten most prominent fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off that has the big news from Tesla that they’d acquired $1.5 billion of bitcoin contained 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 several cryptocurrencies immediately on the network of its as more folks are using cards to invest in crypto and also employing 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 provides us a trifecta of large crypto news as it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest 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 much more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to join the SPAC bash as he files documents while 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 wanting to raise $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 customers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating initially they will increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February