Categories
Markets

Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February

Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more

The 3 warm themes in fintech information this past week were crypto, SPACs and purchase then pay later, akin to lots of months so far this year. Here are what I consider to be the top 10 most prominent fintech news stories of the past week.

Tesla buys $1.5 billion in bitcoin, plans to recognize it as fee offered by CNBC? We kicked the week off that has the massive news from Tesla that they’d acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the news.

Mastercard to support Some Cryptocurrencies on The Network of its from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it will support several cryptocurrencies immediately on the network of its as more people are using cards to purchase crypto and also employing cards to spend the crypto of theirs. 

Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest bank account allows us a trifecta of large crypto news since it announces that it will hold, transfer as well as issue bitcoin as well as other cryptocurrencies on behalf of the asset management clients of its.

Fintech News Today – Mobile bank MoneyLion to go public via blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the most recent fintech to go on the SPAC camp because they announced a $2.9 billion deal with Fusion Acquisition Corp.

OppFi is the most recent fintech to go public through SPAC from American Banker? Opploans announced a rebrand to OppFi as they’ll 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 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 soiree as he files files using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.

Klarna’s valuation set to triple to $30bln, affirms report from Fintech Futures? Privately held Swedish BNPL giant is reportedly looking to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of bank account accounts in Germany.

Within The Billion Dollar Plan To Kill Credit Cards from Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the early days of Affirm as well as the way it evolved into a BNPL juggernaut.

Survey Reveals a concealed Customer Exodus in Banking from The Financial Brand? An interesting worldwide survey of 56,000 customers by Bain & Company demonstrates that banks are losing business to their fintech rivals while as they continue their customers’ core checking account.

LoanDepot raises just $54M in downsized IPO coming from HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO which raised just $54 million after indicating initially they will boost over $360 million.

Fintech News Today: Top 10 Fintech News Stories for the Week Ending February

Leave a Reply

Your email address will not be published. Required fields are marked *