Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The 3 warm themes in fintech news this past week ended up being crypto, SPACs and buy then pay later, comparable to many days so much this season. Allow me to share what I think about to be the top ten most important fintech news posts of the previous week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as payment from CNBC? We kicked the week from having the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.
Mastercard to allow for Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies immediately on the network of its as more people are utilizing 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 savings account allows us a trifecta of big crypto news as it announces that it will hold, transport and issue bitcoin as well as other cryptocurrencies on behalf of its asset management clients.
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 jump on the SPAC train as they announced a $2.9 billion package 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 much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has made a decision to join the SPAC party 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, says report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 huge number of in a $25b? $30b valuation. They also announced the launch of bank accounts within Germany.
Within The Billion-Dollar Plan to be able to Kill Credit Cards from Forbes? Good profile on Max Levchin, co founder and CEO of Affirm, and the first days of Affirm as well as the way it became a BNPL juggernaut.
Survey Reveals a concealed Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 consumers by Company and Bain demonstrates that banks are losing company to their fintech rivals while as they continue their customers’ central checking account.
LoanDepot raises just $54M in downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO which raised just $54 million after indicating at first they would increase over $360 million.
Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February