Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy now pay later, comparable to a lot of months so much this season. Allow me to share what I consider to be the top 10 foremost fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more folks are using cards to buy crypto in addition to using 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 account provides us a trifecta of large crypto news as it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest 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 more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC party as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the first days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 consumers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO coming from 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 raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February