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 acquire then pay later, akin to a lot of months so far this year. Here are what I consider to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week from with the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good 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 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 allows us a trifecta of huge crypto news as 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 go public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC party as he files files with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the early days of Affirm in addition to how it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company shows that banks are actually losing company to their fintech rivals even as they keep 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 at first they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February