Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, comparable to lots of days so far this year. Allow me to share what I consider to be the top ten most important fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off that has the big news from Tesla that they had 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 from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as even more people use cards to buy crypto as well as employing 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 gives us a trifecta of big crypto news because it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Mobile bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion offer 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'll in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have much more on this as well as 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 party as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $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. Additionally, they announced the launch of bank account accounts within Germany.
Inside The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the original days of Affirm along with the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company shows that banks are losing company to their fintech rivals while as they keep their customers' core checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating initially they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February