Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and purchase now pay later, akin to a lot of months so a lot this season. Here are what I consider to be the top 10 foremost fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week from with 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 Its Network from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more folks are utilizing cards to buy crypto in addition to using 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 account gives us a trifecta of huge crypto news as it announces that it will hold, transport and 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 jump on the SPAC train since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to go 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 and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC party as he files documents using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and 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 interesting international survey of 56,000 customers by Company and Bain demonstrates that banks are losing business to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating initially they will boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February