Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and acquire now pay later, comparable to many days so a lot this year. Allow me to share what I consider to be the top ten most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off with the big news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as more people are using cards to purchase crypto and also 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 gives us a trifecta of big crypto news because it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via 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 deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public through SPAC as a result of 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 will have more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to join the SPAC bash as he files files while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and also the first days of Affirm in addition to the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company shows that banks are losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating initially they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February