Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech information this past week had been crypto, SPACs and buy now pay later, akin to a lot of weeks so much this season. Allow me to share what I think about to be the top ten most important fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to recognize it as payment offered by CNBC? We kicked the week off with 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 The Network of its coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more people are utilizing cards to buy crypto as well as 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 since 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 – Mobile bank MoneyLion to travel public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel public through SPAC as a result of 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 will have 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 decided to sign up for the SPAC soiree as he files files using 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 wanting to increase $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm as well as how it evolved into 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 customers by Company and Bain shows that banks are losing business to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just fifty four dolars million after indicating at first they would raise more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February