Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech news this past week had been crypto, SPACs and purchase now pay later, akin to many months so even this season. Here are what I consider to be the top ten foremost fintech news stories of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as payment offered by FintechZoom.com? We kicked the week off of which has the huge 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 Its Network from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on the network of its as more folks are using cards to buy crypto and also using 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 gives us a trifecta of large crypto news since 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 go public via blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC camp as they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public via SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will 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 decided to become a member of the SPAC soiree 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, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts found in Germany.
Inside The Billion Dollar Plan 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 as well as the way 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 Company and Bain shows that banks are actually losing company to their fintech rivals while as they keep their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week inside a downsized IPO that raised just $54 million after indicating at first they would raise more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February