Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and purchase now pay later, akin to lots of months so even this season. Allow me to share what I think about to be the top 10 most important fintech news stories of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off of that has the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more folks use cards to buy crypto as well as using 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 account provides us a trifecta of large crypto news as it announces that it will hold, transport as well as issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they’ll additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much 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 made the decision to join the SPAC party as he files documents while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and the first days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting global survey of 56,000 customers by Bain & Company shows that banks are losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories for the Week Ending February