Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and purchase then pay later, akin to lots of days so far this season. Allow me to share what I consider to be the top 10 foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week from with the big news from Tesla that they'd acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on its network as even more folks are utilizing cards to buy crypto as well as using 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 allows us a trifecta of huge crypto news since it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today - Mobile bank MoneyLion to visit public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent 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 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 become a member of the SPAC soiree 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 report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 huge number of in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan 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 how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain shows that banks are actually losing business to their fintech rivals while as they continue their customers' core checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating at first they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February