Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week ended up being crypto, SPACs and purchase now pay later, akin to a lot of days so a lot this season. Allow me to share what I consider to be the top 10 foremost fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week from which has the huge 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 coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as even more people are using cards to invest in crypto and also 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 bank account allows us a trifecta of huge crypto news since it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to jump on the SPAC camp since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go 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 much more on this as well as 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 sign up for the SPAC party 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, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts within Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company indicates that banks are actually losing business to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February