Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week had been crypto, SPACs and purchase now pay later, similar to a lot of days so far this year. Here are what I consider to be the top ten most prominent fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from CNBC? We kicked the week off that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as more folks use cards to buy crypto and also employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of big crypto news as it announces that it is going to hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC from 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 am going to have more on this and 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 sign up for the SPAC soiree as he files documents using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the original days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company indicates that banks are losing business to their fintech rivals while as they keep their customers’ primary 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 $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February