Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and buy then pay later, similar to lots of weeks so far this season. Allow me to share what I think about to be the top ten foremost fintech news accounts of the past week.
Tesla buys $1.5 billion in 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 had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on its network as more people are using cards to buy crypto and also using cards to spend their crypto.
Bitcoin to Come to America's Oldest Bank, BNY Mellon from The Wall Street Journal? The nation's oldest bank account provides us a trifecta of large crypto news as it announces that it is going to hold, transfer and issue bitcoin along with other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today - Mobile bank MoneyLion to go public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I am going to have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC soiree as he files paperwork using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna's valuation set to triple to $30bln, says report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 zillion in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts found in Germany.
Inside The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm in addition to what it grew to become a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are losing company to their fintech rivals even as they keep their customers' core checking account.
LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO which raised just $54 million after indicating initially they will increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February