Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and purchase now pay later, comparable to many weeks so even this season. Allow me to share what I consider to be the top ten foremost fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week off having the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as more folks use cards to invest in crypto in addition to using 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 bank allows us a trifecta of huge crypto news as it announces that it will hold, transport 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 visit public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public through 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 am going to have more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to join the SPAC party as he files files 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 kept Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the original days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 customers by Company and Bain indicates that banks are losing business to their fintech rivals even as they continue 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 initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February