The three warm themes in fintech information this past week were crypto, SPACs and purchase now pay later, comparable to a lot of months so much this year. Allow me to share what I think about to be the top 10 most important fintech news stories of the previous week.
Tesla buys $1.5 billion for bitcoin, plans to accept it as fee offered by FintechZoom.com? We kicked the week off having the huge news from Tesla that they’d acquired $1.5 billion of bitcoin found January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? Much more good news for crypto investors as Mastercard indicated it will support several cryptocurrencies directly on the network of its as even more folks are utilizing cards to invest in 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 allows us a trifecta of large crypto news because 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 – Mobile bank MoneyLion to travel public through blank check merger of $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to jump on the SPAC train because they announced a $2.9 billion offer with Fusion Acquisition Corp.
OppFi is actually the newest 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 will have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has decided to become a member of the SPAC soiree 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 report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly wanting to raise $500 zillion at a $25b? $30b valuation. They also announced the launch of bank account accounts within Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards from Forbes? Great profile on Max Levchin, co-founder and CEO of Affirm, as well as the first days of Affirm in addition to how it became a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company indicates that banks are losing company to their fintech rivals while as they keep their customers’ core checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week in a downsized IPO that raised just fifty four dolars million after indicating at first they will raise over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February