Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and buy now pay later, comparable to lots of days so considerably this year. Here are what I consider to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee from CNBC? We kicked the week from with the huge 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 is going to support several cryptocurrencies directly on the network of its as more folks are utilizing cards to invest in crypto and also employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of big crypto news as it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to go public through 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 am going to have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC party as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and also the original days of Affirm as well as how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just fifty four dolars million after indicating at first they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February