Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and acquire then pay later, akin to many days so much this season. Allow me to share what I consider to be the top 10 most prominent fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize 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 found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more folks are using cards to invest in crypto in addition to employing 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 bank gives us a trifecta of big crypto news because it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public via SPAC from 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 am going to have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to join the SPAC bash 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, says report 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 bank accounts in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the original days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February