Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and purchase now pay later, comparable to many weeks so much this year. Here are what I consider to be the top ten most important fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week from with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more folks are utilizing cards to buy crypto and also using 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 allows us a trifecta of large crypto news as it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to sign up for the SPAC party as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm as well as what it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company demonstrates that banks are losing company 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 in a downsized IPO that raised just fifty four dolars million after indicating initially they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February