Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, akin to many weeks so considerably this season. Here are what I consider to be the top 10 foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from CNBC? We kicked the week off of that has the big news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more people are utilizing cards to purchase 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 savings account gives us a trifecta of large crypto news since it announces that it will hold, transport and issue bitcoin as well as 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 offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest 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 much more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC party as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the first days of Affirm in addition to how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are losing business 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 particular week in a downsized IPO that raised just $54 million after indicating at first they will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February