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 buy now pay later, similar to lots of days so a lot this season. Here are what I consider to be the top ten most prominent fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week from having the huge news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more people are using cards to buy crypto and also 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 because it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today - Movable bank MoneyLion to visit public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they will 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 offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC bash as he files documents using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, affirms article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Within 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, and also the early days of Affirm as well as 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 global survey of 56,000 consumers by Bain & Company indicates that banks are actually losing company to their fintech rivals while as they continue their customers' core checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February