Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and acquire then pay later, akin to many months so much this year. Here are what I think about to be the top 10 most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of which has the huge news from Tesla that they'd acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as more people are utilizing cards to purchase crypto and also using cards to spend the crypto of theirs.
Bitcoin to Come to America's Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation's oldest savings account allows us a trifecta of huge crypto news because it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Movable bank MoneyLion to go public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC soiree as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the original days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company indicates that banks are losing business to their fintech rivals while as they keep their customers' core checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February