Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, similar to a lot of months so far this year. Allow me to share what I consider to be the top 10 foremost fintech news posts of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off of with the huge 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 Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more folks use cards to buy crypto in addition to 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 savings account allows us a trifecta of huge crypto news because it announces that it will hold, transport as well as issue bitcoin as well as other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today - Mobile bank MoneyLion to visit public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public via SPAC as a result of 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 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 bash as he files documents 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 wanting to raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank accounts within Germany.
Inside 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 also the original days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals while as they continue their customers' core checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO which raised just fifty four dolars million after indicating initially they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February