Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week ended up being crypto, SPACs and purchase then pay later, comparable to lots of weeks so even this season. Allow me to share what I think about to be the top ten most important fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off with the massive 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 immediately on its network as even 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 from The Wall Street Journal? The nation's oldest savings account provides us a trifecta of big crypto news because it announces that it will hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today - Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to go public via 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 much more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to sign up for the SPAC bash 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 held Swedish BNPL giant is reportedly looking to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Within The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the early days of Affirm along with how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing company to their fintech rivals even as they continue their customers' central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February