Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech news this past week were crypto, SPACs and buy then pay later, similar to many months so much this year. Here are what I consider to be the top 10 most important fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment offered by CNBC? We kicked the week off with the huge news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on its network as even more folks are using cards to buy crypto as well as using 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 allows us a trifecta of big crypto news since it announces that it is going to hold, transfer 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 through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to jump on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to become a member of the SPAC soiree as he files documents using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of bank accounts 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 original days of Affirm along with the way it grew to become 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 company to their fintech rivals even as they keep their customers’ central checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just fifty four dolars million after indicating at first they would raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February