Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and buy now pay later, comparable to lots of days so even this season. Allow me to share what I consider to be the top 10 most prominent fintech news accounts of the past week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week from that has the big news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as even more people are utilizing cards to invest in crypto as well as 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 bank account gives us a trifecta of big crypto news as it announces that it will hold, transport and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest fintech to visit public through SPAC 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 will have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to sign up for 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 contained Swedish BNPL giant is reportedly looking to increase $500 zillion at a $25b? $30b valuation. In addition, they announced the launch of bank accounts in Germany.
Inside The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and also the original days of Affirm as well as the way it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting international survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating at first they will boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February