Fintech News Today: Top 10 Fintech News Stories because of the Week Ending February

Fintech News Today: Top ten Fintech News Stories due to the Week Ending February. Read more

The 3 warm themes in fintech news this past week had been crypto, SPACs and purchase now pay later, comparable to many days so considerably this year. Allow me to share what I think about to be the top 10 most important fintech news accounts of the previous week.

Tesla buys $1.5 billion in bitcoin, plans to allow it as payment from CNBC? We kicked the week off that has the massive news from Tesla that they had acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the information.

Mastercard to support Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more great news for crypto investors as Mastercard indicated it is going to support some cryptocurrencies immediately on the network of its as more people are utilizing cards to purchase crypto in addition to utilizing cards to spend the crypto of theirs. 

Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of big crypto news because 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 – Movable bank MoneyLion to visit public through blank-check merger in $2.9 billion deal from Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp as they announced a $2.9 billion deal with Fusion Acquisition Corp.

OppFi is the latest fintech to go public via SPAC as a result of 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 will have more on this and the MoneyLion SPAC next week).

Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made the decision to become a member of the SPAC party 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, tells you article from Fintech Futures? Privately kept Swedish BNPL giant is reportedly wanting to increase $500 million in a $25b? $30b valuation. They also announced the launch of bank accounts in Germany.

Within The Billion-Dollar Plan In order to Kill Credit Cards offered by Forbes? Great profile on Max Levchin, CEO and co founder of Affirm, and the early days of Affirm in addition to the way it became a BNPL juggernaut.

Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting global survey of 56,000 consumers by Company and Bain indicates that banks are actually losing company to their fintech rivals while as they keep their customers’ primary checking account.

LoanDepot raises just $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week inside a downsized IPO which raised just $54 million after indicating at first they would increase over $360 million.

Fintech News Today: Top ten Fintech News Stories for the Week Ending February

Related Post