Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week had been crypto, SPACs and purchase now pay later, akin to lots of months so even this year. Here are what I think about to be the top 10 most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week from having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as more people are utilizing cards to invest in crypto in addition to employing cards to spend their crypto.
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 large crypto news because it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public through 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 will have 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 become a member of the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts within Germany.
Within 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 also the original days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain indicates that banks are actually losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of 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 raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February