Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech news this past week ended up being crypto, SPACs and purchase now pay later, similar to lots of days so even this season. Here are what I think about to be the top ten foremost fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off having the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as even more people are using cards to purchase crypto in addition to 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 gives us a trifecta of huge crypto news as it announces that it is going to hold, transport and issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to join the SPAC party as he files files with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the early days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company indicates that banks are losing company to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating at first they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February