Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and buy then pay later, similar to many weeks so considerably this year. Allow me to share what I think about to be the top 10 foremost fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off of which has 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 The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more people use cards to buy crypto in addition to 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 bank allows us a trifecta of big crypto news since it announces that it will hold, transfer as well as issue bitcoin along with 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 from Reuters? MoneyLion becomes the latest fintech to go on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go 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 next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm along with what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing global 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 just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February