Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and purchase then pay later, akin to a lot of weeks so much this season. Allow me to share what I consider to be the top ten most important fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment from CNBC? We kicked the week off of which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more people use cards to buy crypto as well as 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 huge crypto news because 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 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 actually the most recent fintech to visit public via SPAC from 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 much 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 sign up for the SPAC soiree as he files files 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 kept Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the early days of Affirm as well as the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company shows that banks are losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating initially they would raise more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February