Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and purchase now pay later, similar to many days so considerably this year. Here are what I consider to be the top 10 most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment from CNBC? We kicked the week from which has the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more folks are utilizing cards to buy 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 bank provides us a trifecta of huge crypto news as it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to go public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition 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 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 files while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 million in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the first days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February