Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week were crypto, SPACs and buy now pay later, comparable to a lot of months so considerably this season. Allow me to share what I think about to be the top 10 foremost fintech news stories of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to allow it as fee from CNBC? We kicked the week off of with the massive news from Tesla that they had acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More great news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on its network as more people are using cards to invest in 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 provides us a trifecta of large crypto news because it announces that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today – Movable bank MoneyLion to visit public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the latest fintech to go on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to travel public through SPAC from 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 am going to have much more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made the decision to become a member of the SPAC bash 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 increase $500 huge number of in a $25b? $30b valuation. In addition, they announced the launch of savings account accounts found in Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the early days of Affirm as well as the way it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 consumers by Bain & Company indicates that banks are actually losing business to their fintech rivals even as they continue their customers’ primary checking account.
LoanDepot raises simply $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just fifty four dolars million after indicating at first they would increase over $360 million.
Fintech News Today: Top ten Fintech News Stories due to the Week Ending February