Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and acquire now pay later, comparable to many days so far this year. Allow me to share what I consider to be the top 10 most prominent fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week off of with the huge 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 The Network of its from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as more folks are using cards to invest in crypto in addition to employing 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 bank account allows us a trifecta of big crypto news because it announces that it is going to hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to visit public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to sign up for the SPAC bash as he files files while using the SEC for Figure Acquisition Corp. I and intends to raise $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 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Inside 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, as well as the first days of Affirm as well as the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Company and Bain shows that banks are actually losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just fifty four dolars million after indicating at first they would boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February