Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week were crypto, SPACs and buy now pay later, akin to lots of weeks so much this year. Allow me to share what I consider to be the top ten most prominent fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment from 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 Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more folks are using cards to invest in crypto as well as using cards to spend the crypto of theirs.
Bitcoin to Come to America's Oldest Bank, BNY Mellon from The Wall Street Journal? The nation's oldest bank account provides us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today - Movable bank MoneyLion to travel public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public via SPAC from 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 also the MoneyLion SPAC next 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 bash as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna's valuation set to triple to $30bln, tells you report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the first days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide 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' central checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just $54 million after indicating initially they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February