Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and buy now pay later, similar to lots of weeks so much this year. Allow me to share what I think about to be the top 10 most prominent fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as fee from CNBC? We kicked the week off of that has the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as even more people are utilizing cards to buy crypto as well as employing 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 bank provides us a trifecta of large crypto news as it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public through 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 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 a decision to join the SPAC soiree as he files documents with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept 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 found in Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the first days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just fifty four dolars million after indicating at first they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February