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

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

The three hot themes in fintech information this past week ended up being crypto, SPACs and buy now pay later, comparable to lots of days so even this year. Allow me to share what I consider to be the top 10 most prominent fintech news accounts of the previous week.

Tesla purchases $1.5 billion in bitcoin, plans to allow it as payment from FintechZoom.com? We kicked the week off of which has the big news from Tesla that they’d acquired $1.5 billion of bitcoin contained January; bitcoin predictably soared on the news.

Mastercard to allow for Some Cryptocurrencies on The Network of its coming 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 folks are utilizing cards to buy crypto in addition to 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 savings account gives us a trifecta of huge crypto news as it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of the asset management clients of its.

Fintech News Today – Mobile bank MoneyLion to go public through blank check merger in $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC train as they announced a $2.9 billion package with Fusion Acquisition Corp.

OppFi is actually the most recent fintech to visit public via SPAC as a result of American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois based SPAC. (I will have more on this and also the MoneyLion SPAC next week).

Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to join the SPAC party as he files documents with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.

Klarna’s valuation set to triple to $30bln, says report from Fintech Futures? Privately held Swedish BNPL giant is reportedly wanting to raise $500 huge number of 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 from Forbes? Good profile on Max Levchin, co-founder and CEO of Affirm, and also the original days of Affirm as well as the way it became a BNPL juggernaut.

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

LoanDepot raises simply $54M wearing downsized IPO out of HousingWire? Mortgage lender loanDepot went public this week in a downsized IPO that raised just fifty four dolars million after indicating initially they will boost more than $360 million.

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

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