Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and buy then pay later, comparable to lots of weeks so a lot this season. Here are what I consider to be the top 10 most important fintech news accounts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off of that has the huge 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 The Network of its from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on the network of its as even more folks use 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 coming from The Wall Street Journal? The nation's oldest bank allows us a trifecta of big crypto news because it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today - Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon as they announced a $2.9 billion deal 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 in addition 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 offered by Bloomberg? Mike Cagney has decided to sign up for the SPAC party as he files paperwork with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna's valuation set to triple to $30bln, affirms report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to increase $500 zillion in a $25b? $30b valuation. They also announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Bain & Company shows that banks are losing business to their fintech rivals while as they keep their customers' primary 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 raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February