Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, similar to a lot of days so considerably this season. Allow me to share what I consider to be the top ten most important fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week off of with the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more people are using cards to purchase crypto as well as using 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 savings account gives us a trifecta of huge crypto news since it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go 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 will have much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to become a member of the SPAC party as he files paperwork while using 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 zillion in a $25b? $30b valuation. They also announced the launch of bank accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm in addition to the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Company and Bain shows that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating initially they would boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February