Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and buy then pay later, comparable to lots of months so far this season. Allow me to share what I think about to be the top ten foremost fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to accept 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 contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as more people use cards to purchase crypto and also utilizing 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 savings account allows 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 offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go 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 am going to have more on this and also the MoneyLion SPAC next 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 soiree as he files documents with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report 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 savings account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the original days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February