Fintech News Today: Top ten Fintech News Stories due to 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 a lot of weeks so much this year. Here are what I think about to be the top 10 most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week from that has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as more people use cards to purchase crypto in addition to utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank gives us a trifecta of big crypto news since it announces that it will hold, transport as well as 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 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 additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to 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 join the SPAC party 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, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and the early days of Affirm along with how it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company demonstrates that banks are losing business to their fintech rivals while 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 in a downsized IPO that raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February