Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, comparable to a lot of months so much this year. Here are what I consider to be the top 10 most important fintech news posts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more folks 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 coming from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of big crypto news since it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
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 jump on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest fintech to travel 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 will have more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to sign up for the SPAC soiree as he files files with the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 zillion in a $25b? $30b valuation. Additionally, they announced the launch of savings account accounts found in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and the original days of Affirm in addition to the way it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises just $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just fifty four dolars million after indicating at first they would raise over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February