Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and purchase then pay later, akin to a lot of months so much this year. Allow me to share what I think about to be the top ten most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as fee offered by FintechZoom.com? We kicked the week from which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as more people are utilizing cards to buy crypto in addition to utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank gives us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they’ll also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I will have more on this and 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 soiree as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. They also announced the launch of bank accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and also the original days of Affirm along with the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company indicates that banks are actually losing business to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating at first they would boost more than $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February