Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The three hot themes in fintech information this past week had been crypto, SPACs and buy then pay later, comparable to lots of months so a lot this year. Here are what I think about to be the top 10 most prominent fintech news stories of the previous week.
Tesla buys $1.5 billion for 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 news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more folks are utilizing cards to purchase crypto in addition to employing 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 provides us a trifecta of large 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 travel public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp since they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the latest fintech to go 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 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 decided to join the SPAC party as he files files 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 kept Swedish BNPL giant is reportedly wanting to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, and the first days of Affirm along with how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Company and Bain demonstrates that banks are actually losing business to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February