Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and acquire then pay later, akin to many months so far this year. Here are what I think about to be the top ten foremost fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee from CNBC? We kicked the week off of which has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more people use cards to purchase crypto as well as 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 bank account allows us a trifecta of huge crypto news because 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 – Movable bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public through SPAC as a result of 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 more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Within 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 along with how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just fifty four dolars million after indicating at first they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February