Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech news this past week were crypto, SPACs and buy now pay later, similar to a lot of months so even this year. Here are what I consider to be the top 10 most prominent fintech news accounts of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off of which has the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as more folks are using cards to buy crypto in addition to utilizing 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 savings account allows us a trifecta of large crypto news since it announces that it is going to hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Movable bank MoneyLion to travel public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to go public through SPAC from 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 am going to have much more on this as well as 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 become a member of the SPAC bash as he files files using the SEC for Figure Acquisition Corp. I and intends to increase $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.
Inside The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and the original days of Affirm along with how it evolved into 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 business to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating at first they will raise over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February