Fintech News Today: Top 10 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 purchase now pay later, akin to lots of days so far this year. Allow me to share what I think about to be the top ten most important fintech news posts of the past week.
Tesla buys $1.5 billion for bitcoin, plans to recognize it as fee from FintechZoom.com? We kicked the week from that has the massive news from Tesla that they'd acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the news.
Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as more people are utilizing 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 provides us a trifecta of large crypto news since it announces that it will hold, transport and issue bitcoin along with other cryptocurrencies on behalf of the asset-management clients of its.
Fintech News Today - Mobile bank MoneyLion to travel 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 because they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is the latest fintech to visit public via SPAC from American Banker? Opploans announced a rebrand to OppFi as they'll additionally go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC soiree as he files paperwork while 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 kept Swedish BNPL giant is reportedly looking to raise $500 huge number of at a $25b? $30b valuation. They also announced the launch of bank account accounts in Germany.
Within The Billion-Dollar Plan In order 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 in addition to how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Bain & Company shows that banks are losing business to their fintech rivals even as they continue their customers' primary checking account.
LoanDepot raises simply $54M wearing downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO that raised just fifty four dolars million after indicating at first they will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February