Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and acquire now pay later, akin to a lot of weeks so much this season. Allow me to share what I consider to be the top ten most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off which has the huge news from Tesla that they had 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? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more people are utilizing cards to buy crypto in addition to utilizing 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 large crypto news as it announces that it will hold, transport and issue bitcoin and 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 newest fintech to jump on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC as a result of 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 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 using the SEC for Figure Acquisition Corp. I and intends to raise $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 account accounts in Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the first days of Affirm in addition to the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company indicates that banks are actually losing company to their fintech rivals even as they keep their customers' primary checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February