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 then pay later, similar to lots of days so considerably this season. Here are what I think about to be the top ten most important fintech news stories of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as payment from CNBC? We kicked the week off of with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network 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 purchase crypto and also using 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 bank gives us a trifecta of big crypto news as it announces that it is going to hold, transport and issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to sign up for the SPAC party as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm as well as the way it became 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 Company and Bain demonstrates that banks are actually losing business to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February