Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week had been crypto, SPACs and purchase now pay later, akin to lots of weeks so considerably this season. 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 accept it as fee from FintechZoom.com? We kicked the week from 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 Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as more people are utilizing cards to purchase crypto in addition to 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 account 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 - Mobile bank MoneyLion to visit public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public through SPAC as a result of 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 much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC soiree as he files documents while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 zillion at a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.
Within 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 original days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide 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 simply $54M wearing downsized IPO out of 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 will raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February