Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and acquire then pay later, similar to a lot of months so far this season. Here are what I consider to be the top 10 foremost fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off of which has the massive news from Tesla that they’d 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? Much more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as even more folks are utilizing cards to invest in 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 account gives us a trifecta of large crypto news as it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will 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 decided to join the SPAC party as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the original days of Affirm along with the way it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain shows that banks are losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular 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 ten Fintech News Stories for the Week Ending February