Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and acquire then pay later, similar to a lot of days so far this year. Here are what I consider to be the top ten foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to allow it as payment offered by CNBC? We kicked the week from which has the huge news from Tesla that they had 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 will support some cryptocurrencies directly on the network of its as even more people are utilizing cards to purchase crypto in addition to employing 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 allows us a trifecta of big crypto news as it announces that it will hold, transfer 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 through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to travel public through 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 from Bloomberg? Mike Cagney has made the decision to become a member of the SPAC soiree as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the first days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Bain & Company shows that banks are actually losing company to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises just $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 increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February