Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and purchase then pay later, akin to a lot of days so far this year. Here are what I consider to be the top 10 most important fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off of that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as even more people are using cards to buy crypto as well as using 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 large crypto news since it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today - Mobile bank MoneyLion to travel public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they'll additionally 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 following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC party as he files files 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 million at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the original days of Affirm as well as how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain indicates that banks are losing company to their fintech rivals even as they continue their customers' primary checking account.
LoanDepot raises simply $54M wearing downsized IPO out of 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 boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February