Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The 3 warm themes in fintech information this past week ended up being crypto, SPACs and buy now pay later, akin to a lot of months so much this year. Allow me to share what I consider to be the top 10 foremost fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment offered by FintechZoom.com? We kicked the week off with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
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 more people are using cards to buy crypto and also utilizing 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 gives us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train as 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 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 following 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 party as he files documents while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, says article from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Within 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 the original days of Affirm along with what it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain indicates that banks are actually losing company to their fintech rivals even as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating initially they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February
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