Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three hot themes in fintech news this past week were crypto, SPACs and acquire then pay later, comparable to many weeks so considerably this season. Here are what I consider to be the top ten most prominent fintech news accounts of the past week.
Tesla purchases $1.5 billion in bitcoin, plans to accept it as payment offered by FintechZoom.com? We kicked the week off that has the huge news from Tesla that they had 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 good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on its network as more people use cards to purchase crypto and also using 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 gives us a trifecta of big crypto news since it announces that it is going to hold, transfer and issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Movable bank MoneyLion to go public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to jump on the SPAC camp because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is the newest fintech to visit public via 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 am going to have more on this and also the MoneyLion SPAC next week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to sign up for the SPAC bash as he files documents with the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of savings account accounts within Germany.
Inside The Billion Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, and also the early days of Affirm along with the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Company and Bain demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO that raised just $54 million after indicating initially they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February