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 were crypto, SPACs and purchase then pay later, akin to lots of months so considerably this year. Allow me to share what I think about to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to allow it as payment offered by CNBC? We kicked the week off of that has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for 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 will support some cryptocurrencies immediately on the network of its as even more people are using cards to invest in crypto and also utilizing 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 savings account allows us a trifecta of huge crypto news because it announces that it will hold, transport as well as issue bitcoin as well as 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 most recent fintech to jump on the SPAC bandwagon because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to travel public via SPAC as a result of 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 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 made a decision to sign up for the SPAC soiree as he files files while using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, tells you 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 accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm along with the way it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 customers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M wearing 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 initially they would boost more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February