Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week were crypto, SPACs and buy then pay later, akin to lots of weeks so even this year. Allow me to share what I consider to be the top 10 most important fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? 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 information.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as even more people use cards to purchase crypto and also utilizing 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 allows us a trifecta of huge crypto news because it announces that it will hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to visit public through blank check merger of $2.9 billion deal from 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 actually the most recent fintech to go public via SPAC as a result of 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 will have much 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 paperwork using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 million in a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the first days of Affirm as well as how it grew to become 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 demonstrates that banks are losing business to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just $54 million after indicating at first they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February