Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy then pay later, similar to a lot of months so considerably this year. Allow me to share what I consider to be the top 10 most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week from that has the big news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as even more folks use cards to invest in crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank allows us a trifecta of big crypto news because it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to visit public via blank check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually 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 and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to join the SPAC party 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, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 million in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the original days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 customers by Company and Bain indicates that banks are actually losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating at first they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February