Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, similar to many months so much this year. Allow me to share what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off with the big news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as even more folks use cards to invest in crypto as well as 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 bank gives us a trifecta of large crypto news since it announces that it will hold, transport and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public through SPAC 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 am going to have much 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 become a member of the SPAC soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, as well as the early days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February