Top 10 Fintech News Stories for the Week Ending February 6, 2021

As we head into Superbowl weekend listed below are what I contemplate to be the highest 10 most essential fintech information tales of the previous week (go Chiefs!).

Challenger Bank Chime Reaches The 12 Million Customer Mark from Forbes – Ron Shevlin digs into some new analysis that exhibits Chime is definitely the fifth largest financial institution within the U.S. by variety of clients right this moment.

SPACs Become the Go To Listing Vehicle for Fintech Companies from Lend Academy – SPACapalooza! SPACmania! SPACinsanity! The fintech SPAC frenzy exhibits no indicators of slowing down so we did a roundup of all of the offers introduced so far.

Klarna adding one million new customers each month from FinLedger – Talking of frenzies, purchase now pay later continues to stay the most well liked space of fintech with Klarna including one million clients a month within the U.S. since October and with a Superbowl advert as well.

Bezos May Be Stepping Down, But Amazon’s Banking Ambitions Remain from The Monetary Model – Jeff Bezos introduced he’s stepping as CEO of Amazon however this most likely gained’t imply a pullback from their forays into monetary companies.

loanDepot Expected to IPO This Week Raising Over $300 Million from Crowdfund Insider – Mortgage lender loanDepot is getting set to go public the quaint approach with a valuation of over $6 billion.

The GameStop Stock Frenzy Is Turning Into A Cautionary Tale For Fintech from Forbes – This text from Jennifer Tescher is a should learn for everybody in fintech. Our collective model has been tarnished within the final couple of weeks. Customers need merchandise which can be higher and corporations that function transparently. We have to do higher.

PayPal Earnings Paint A Picture Of The Connected Economy from PYMNTS – PayPal reported earnings this week and supplies perception into the most recent fintech tendencies. Love this quote from CEO Dan Schulman, “Immediately’s digital actuality is quickly accelerating the necessity for a digital pockets that encompasses funds, monetary companies and buying”.

Cadre Announces New $400 Million Fund from The Motley Idiot – Actual property platform Cadre has introduced it’s launching a $400 million fund with low investor minimums and a deal with working with underrepresented operators.

Investing app Stash raises $125 million as it looks to add new customers — just not day traders from CNBC – Stash pronounces a brand new funding spherical as they’ve averted the controversy that has engulfed Robinhood.

Goldman Sachs partner Adam Dell has stepped down from his role as one of the leaders on Marcus as the bank prepares for a massive transformation in its consumer business from Enterprise Insider – Adam Dell got here to Goldman Sachs by way of their acquisition of his firm, Readability Cash, as Goldman is incorporating the app into Marcus Insights.

As we head into Superbowl weekend listed below are what I contemplate to be the highest 10 most essential fintech information tales of the previous week (go Chiefs!).


Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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