Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, akin to lots of months so a lot this season. Allow me to share what I think about to be the top 10 most important fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week from 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 allow for Some Cryptocurrencies on The Network of its from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as even more folks use cards to purchase crypto in addition to utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America's Oldest Bank, BNY Mellon from The Wall Street Journal? The nation's oldest savings account provides us a trifecta of big crypto news because it announces that it will hold, transfer as well as issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today - Movable bank MoneyLion to visit public via blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to travel 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 am going to have more on this as well as the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to become a member of the SPAC bash as he files files with 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 wanting to raise $500 huge number of at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts within Germany.
Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm in addition to what it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 consumers by Company and Bain indicates that banks are losing business to their fintech rivals even as they keep their customers' core checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February