Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, akin to a lot of months so considerably this season. Allow me to share what I consider to be the top ten most important fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off which has the big news from Tesla that they had acquired $1.5 billion of bitcoin contained 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 will support some cryptocurrencies immediately on its network as even more folks use cards to purchase crypto and also employing cards to spend the crypto of theirs.
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 big crypto news since it announces that it will hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC bash as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts 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, and also the early days of Affirm in addition to the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars 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