Fintech News Today: Top ten Fintech News Stories because of the Week Ending February
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 then pay later, comparable to many months so even this year. Here are what I think about to be the top ten foremost fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
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 is going to support several cryptocurrencies directly on its network as more people are using cards to purchase crypto and also utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account allows 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 its asset management clients.
Fintech News Today – Mobile bank MoneyLion to visit public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll in addition 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 become a member of the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report 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 accounts found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 customers by Company and Bain indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific 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 for the Week Ending February