Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy now pay later, similar to a lot of months so considerably this year. Here are what I consider to be the top 10 most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment offered by CNBC? We kicked the week off of having the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its 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 provides us a trifecta of huge crypto news since it announces that it will hold, transfer and 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 in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will 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 made the decision to join the SPAC soiree as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just $54 million after indicating at first they will raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February