Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and acquire then pay later, comparable to lots of weeks so considerably this year. Allow me to share what I think about to be the top 10 most important fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment from FintechZoom.com? We kicked the week off having the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as even more folks use cards to buy crypto as well as using 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 provides us a trifecta of large crypto news as it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to go public via SPAC as a result of 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 will 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 the decision to sign up for the SPAC bash as he files files while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February