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 were crypto, SPACs and purchase then pay later, comparable to lots of months so even this year. Here are what I consider to be the top 10 most prominent fintech news posts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off of having the huge news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as more folks are utilizing cards to purchase crypto and also using 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 bank account provides us a trifecta of huge crypto news as it announces that it will hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to go public via blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through SPAC coming from 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 will have more on this and also 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 increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan To Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the early days of Affirm as well as how it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain indicates that banks are losing company to their fintech rivals while as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO coming 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 would boost over $360 million.
Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February