Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and purchase then pay later, akin to lots of weeks so even this season. Here are what I consider to be the top ten foremost fintech news posts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment from FintechZoom.com? We kicked the week off of which has the huge news from Tesla that they'd acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as even more folks use cards to purchase crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America's Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation's oldest bank account gives us a trifecta of big crypto news since it announces that it is going to hold, transport as well as issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today - Mobile bank MoneyLion to travel public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public through SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they'll also 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 while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna's valuation set to triple to $30bln, says article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. Additionally, they announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, as well as the original days of Affirm as well as how it became a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing international survey of 56,000 customers by Bain & Company demonstrates 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 that raised just fifty four dolars million after indicating initially they would increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February