Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and purchase now pay later, comparable to many months so much this season. Allow me to share what I think about to be the top 10 most prominent fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
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 the network of its as even more people use cards to buy crypto in addition to 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 huge crypto news since it announces that it will hold, transfer and issue bitcoin along with 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 offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is 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 am going to have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC soiree as he files documents using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the original days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company indicates that banks are actually losing business to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February