Fintech News Today: Top ten Fintech News Stories due to the Week Ending February
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, akin to lots of months so even this season. Allow me to share what I think about to be the top 10 most important fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off of which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support 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 folks are utilizing cards to invest in crypto and also 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 allows us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via SPAC from 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 am going to have much 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 become a member of the SPAC soiree as he files documents while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 million at a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the early days of Affirm in addition to the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises just $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 at first they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February