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 had been crypto, SPACs and purchase then pay later, similar to many months so far this season. Here are what I consider to be the top ten most important fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week off having the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
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 will support some cryptocurrencies directly on the network of its as more folks are utilizing cards to invest in crypto and also utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank provides us a trifecta of huge crypto news because it announces that it is going to hold, transport as well as issue bitcoin along with 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 from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to 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 join the SPAC soiree as he files documents using 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 wanting to increase $500 million in a $25b? $30b valuation. Additionally, they announced the launch of bank accounts in Germany.
Within The Billion-Dollar Plan To Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm as well as how it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 customers by Bain & Company shows that banks are losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just $54 million after indicating initially they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February