Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February. Read more
The three warm themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, comparable to many weeks so far this year. Here are what I think about to be the top 10 most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee offered by FintechZoom.com? We kicked the week off of with the massive news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as more people are using cards to invest in 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 bank account allows us a trifecta of large crypto news since it announces that it will hold, transport and issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Mobile bank MoneyLion to visit public via blank-check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC train as they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to go public through 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 much 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 files using the SEC for Figure Acquisition Corp. I and intends to bring up $250 million.
Klarna’s valuation set to triple to $30bln, affirms article from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Within The Billion-Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and the early days of Affirm in addition to how it evolved into a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company shows that banks are actually losing company to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just fifty four dolars million after indicating initially they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February