Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week had been crypto, SPACs and buy then pay later, similar to lots of months so far this season. Allow me to share what I think about to be the top 10 most prominent fintech news posts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week from having the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as more people are utilizing cards to purchase crypto as well as utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to go public through blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp since 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 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 also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to sign up for the SPAC soiree as he files documents with 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 contained Swedish BNPL giant is reportedly looking to raise $500 million in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts within Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the early days of Affirm as well as what it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain shows that banks are losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating initially they would raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February