Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February

Fintech News Today: Top ten Fintech News Stories because of the Week Ending February. Read more

The 3 warm themes in fintech information this past week ended up being crypto, SPACs and acquire now pay later, comparable to a lot of days so far this year. Allow me to share what I consider to be the top ten most prominent fintech news posts of the past week.

Tesla purchases $1.5 billion in bitcoin, plans to allow it as fee from FintechZoom.com? We kicked the week off having the big news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.

Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies directly on the network of its as 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 savings account 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 – Mobile bank MoneyLion to go public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC bandwagon since they announced a $2.9 billion offer with Fusion Acquisition Corp.

OppFi is the most recent fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also 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 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 increase $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 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.

Inside The Billion Dollar Plan to be able 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 what it became a BNPL juggernaut.

Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing international survey of 56,000 consumers by Bain & Company demonstrates that banks are losing business to their fintech rivals even as they continue their customers’ central checking account.

LoanDepot raises simply $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 initially they would increase over $360 million.

Fintech News Today: Top 10 Fintech News Stories for the Week Ending February

Charles Riley

http://fiil.pro