Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week had been crypto, SPACs and acquire now pay later, comparable to many weeks so far this season. Allow me to share what I consider to be the top 10 most prominent fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week from that has the big 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 Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as more people are using cards to buy crypto and also 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 provides us a trifecta of large crypto news because it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion package 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 am going to have much more on this as well as the MoneyLion SPAC following 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 paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank 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 early days of Affirm along with the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company shows that banks are losing business to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February