Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, akin to many weeks so much this year. Allow me to share what I think about to be the top ten foremost fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week from with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as even more folks are using cards to purchase crypto as well as utilizing cards to spend their crypto.
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 big crypto news since it announces that it will hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent 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 am going to have 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 made the decision to join the SPAC party as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts within Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Company and Bain indicates that banks are actually losing company 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 particular week in a downsized IPO that raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February