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 ended up being crypto, SPACs and acquire then pay later, similar to lots of weeks so much this year. Here are what I consider to be the top ten most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee offered by CNBC? We kicked the week from which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as more people are using cards to invest in crypto in addition to 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 huge crypto news because it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel 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 much more on this as well as the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC party as he files files 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 article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm as well as the way it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating at first they would increase more than $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February