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 had been crypto, SPACs and buy then pay later, akin to many weeks so even this year. Here are what I consider to be the top ten most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee from CNBC? We kicked the week from having the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network coming 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 more people are utilizing cards to purchase 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 savings account allows us a trifecta of huge crypto news since it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally 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 decided to become a member of the SPAC bash as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm along with what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Company and Bain indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO that raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February