Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three hot themes in fintech news this past week ended up being crypto, SPACs and purchase now pay later, akin to many months so a lot this year. Here are what I think about to be the top ten foremost fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee from CNBC? We kicked the week from having the huge news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on The Network of its coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on the network of its as even more folks are using cards to purchase crypto in addition to 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 provides us a trifecta of huge crypto news since it announces that it is going to hold, transport and issue bitcoin along with other cryptocurrencies on behalf of its asset-management clients.
Fintech News Today – Mobile bank MoneyLion to travel public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the latest 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 and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC party as he files documents 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 contained 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 Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, and the early days of Affirm along with what it grew to become a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are actually losing company to their fintech rivals even as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just $54 million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February