Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week were crypto, SPACs and acquire now pay later, akin to a lot of months so a lot this season. Allow me to share what I consider to be the top ten most important fintech news stories of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment from CNBC? We kicked the week off which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more people are utilizing cards to purchase crypto as well as utilizing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of huge crypto news as it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public via blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public through 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 will have 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 bash as he files files while 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 held Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. They also announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the original days of Affirm in addition to what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just fifty four dolars million after indicating at first they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February