Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and buy now pay later, similar to lots of weeks so a lot this year. Here are what I think about to be the top 10 foremost fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by CNBC? We kicked the week off of that has the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? Much more great news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more people use 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 coming from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of large crypto news as it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to jump on the SPAC bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to become a member of the SPAC party 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, affirms article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Inside The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company indicates that banks are actually losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating at first they would increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February