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 acquire then pay later, akin to a lot of weeks so even this year. Here are what I consider to be the top 10 most important fintech news accounts of the previous week.
Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? 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 news.
Mastercard to support 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 immediately on its network as even more people are utilizing cards to invest in crypto in addition to employing 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 gives us a trifecta of big crypto news as it announces that it is going to hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.
Fintech News Today – Movable bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC bandwagon since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to go public via SPAC 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 am going to have much more on this and the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to join the SPAC soiree as he files paperwork while using 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 kept Swedish BNPL giant is reportedly looking to raise $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts within Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the early days of Affirm as well as what it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals while as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just $54 million after indicating at first they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February