Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and buy now pay later, similar to a lot of months so even this year. Allow me to share what I consider to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off of having the massive news from Tesla that they'd acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as even more folks use cards to invest in crypto and also using cards to spend their crypto.
Bitcoin to Come to America's Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation's oldest bank provides us a trifecta of big crypto news as it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Movable bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they'll also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have more on this as well as the MoneyLion SPAC next 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 soiree as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the early days of Affirm along with the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they keep their customers' core checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just fifty four dolars million after indicating at first they would increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February