Fintech News Today: Top ten Fintech News Stories for the Week Ending February. Read more
The three warm themes in fintech information this past week had been crypto, SPACs and buy then pay later, comparable to many days so considerably this year. Here are what I consider to be the top ten most important fintech news stories of the past week.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment from CNBC? We kicked the week from which has the huge news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to support Some Cryptocurrencies on Its Network from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support some cryptocurrencies immediately on its network as even more people use cards to buy crypto in addition to 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 gives us a trifecta of big crypto news since it announces that it will hold, transport as well as issue bitcoin and 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 offered by Reuters? MoneyLion becomes the latest fintech to go on the SPAC train since they announced a $2.9 billion package with Fusion Acquisition Corp.
OppFi is actually the most recent fintech to go public via SPAC coming 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 from Bloomberg? Mike Cagney has decided to sign up for the SPAC bash as he files files with 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 raise $500 zillion in a $25b? $30b valuation. In addition, they announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan To Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co-founder of Affirm, and the first days of Affirm along with what it evolved into a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An interesting international survey of 56,000 customers by Bain & Company indicates that banks are losing company 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 particular week inside a downsized IPO that raised just $54 million after indicating initially they would boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February