Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and purchase then pay later, similar to lots of months so much this year. Here are what I think about to be the top 10 most prominent fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week from having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more people use cards to purchase crypto in addition to 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 savings account provides us a trifecta of large crypto news as it announces that it is going to hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile 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 bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC coming from 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 am going to have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to become a member of the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm as well as how it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from 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 ten Fintech News Stories because of the Week Ending February