Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and purchase then pay later, similar to many days so much this season. Here are what I consider to be the top ten foremost fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week from with the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as more folks are utilizing cards to buy crypto and also employing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account provides 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 the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC train since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to sign up for the SPAC party 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 kept Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm along with 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 consumers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February