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 ended up being crypto, SPACs and buy now pay later, akin to a lot of weeks so far this year. Allow me to share what I think about to be the top ten most important fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off of having the massive news from Tesla that they'd acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as even more people use cards to purchase crypto and also employing cards to spend their crypto.
Bitcoin to Come to America's Oldest Bank, BNY Mellon from The Wall Street Journal? The nation's oldest savings account provides us a trifecta of huge crypto news since it announces that it is going to hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Movable bank MoneyLion to go public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon because they announced a $2.9 billion offer 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 also go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to become a member of the SPAC bash 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 kept Swedish BNPL giant is reportedly wanting to increase $500 million at a $25b? $30b valuation. In addition, they announced the launch of bank accounts found in Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co-founder of Affirm, and the first days of Affirm along with how it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain shows that banks are losing company to their fintech rivals while as they keep their customers' central checking account.
LoanDepot raises just $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February