Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and buy then pay later, akin to many weeks so much this year. Allow me to share what I consider to be the top ten most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of having the huge 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 from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as even more people are utilizing cards to invest in crypto and also 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 bank account provides us a trifecta of huge crypto news as it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today - Movable bank MoneyLion to go public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through 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 and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC soiree as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the first days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed 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' core checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February