Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and acquire then pay later, akin to a lot of weeks so even this season. Here are what I think about to be the top 10 foremost fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as fee from CNBC? We kicked the week off which has the big news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more folks are utilizing cards to invest in crypto as well as utilizing 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 provides us a trifecta of huge crypto news because it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to travel public through blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally 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 from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC bash as he files files with 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 kept Swedish BNPL giant is reportedly wanting to raise $500 million in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and also the first days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals while as they keep 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 will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February