> ## Content Index > Fetch the complete content index at: https://fintekcafe.com/llms.txt > Use this file to discover other available public pages before exploring further. # Fintech Newsletter for 2/13/21 - URL: https://fintekcafe.com/fintech-newsletter-for-2-13-21/ - Published: 2021-02-14T04:56:03.000Z - Updated: 2026-05-14T07:40:37.000Z - Author: FinTekCafe - Tags: newsletter Below are news related to fintech industry this week. ## General News **Robinhood**, online no fee based stock broker, is facing scrutiny from Congress and regulators over its decision to block users from purchasing shares of GameStop.(read my [post on GameStop](https://fintekcafe.com/gamestop-and-short-squeeze/)) **Bank of New York Mellon Corp**,one of the america's oldest banks,announced its entry into the bitcoin market.Bank said that it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients **MasterCard** said in a statement that it is preparing to support cryptocurrencies directly on its network this year. Quote below on the rise of digtal assets > “The trend is unmistakable,” Raj Dhamodharan, executive vice president of digital asset and blockchain products,MasterCard ## Venture Capital and IPO **Opportunity Financial (OPFI)**, a fintech that partners with banks to offer loans to consumers with low credit scores, is going public through SPAC(read my [blog article on SPAC](https://fintekcafe.com/what-are-search-funds-spac-special-purpose-acquistion-company-and-spe/) as a vehicle for IPO) Mobile banking platform **MoneyLion** Inc has agreed to go public through a merger with [SPAC](https://fintekcafe.com/what-are-search-funds-spac-special-purpose-acquistion-company-and-spe/) firm Fusion Acquisition Corp, in a deal that values the equity of the combined company at $2.9 billion. Online retail lender ****loanDepot** raised just $54 million by offering 3.9 million shares at $14 Tillit, a fintech startup that is building buy now, pay later(BNPL) for B2B purchases. (read my post on "[BNPL](https://fintekcafe.com/what-are-buy-now-pay-later-bnlp-fintech-companies/)") is said to be closing on latest round of funding. **Northmill Ban**k is conducting a capital round of $30 million to accelerate the geographical expansion > “When we now start to see a shift in banking towards smarter and more customer-oriented products, driven by customers' changing demands and behaviors, we as Sweden's only completely cloud-based bank see great opportunities to meet the new demands and be a positive driver for better banking services for all."-Hikmet Ego, CEO and co-founder of Northmill Bank BharatPe,India's next fintech unicorn,has raised $108M in latest round of funding with valuation at $900M. The company provides universal QR code for payment processing. SoLo funds,fintech company that wants to replace payday lenders with community -based lending, as raised $10M in latest rounds of funding. Human Interest,a sanfranciso based affordobal full service 401k provider for small and mid sized business,completed $105M in series C funding ## New posts this week. [What are Search Funds,SPAC(special purpose acquisition company) and SPE?“Entrepreneurship through acquisition”(eTA) is a model wherein entrepreneurs buybusinesses that have proven product-market fit and generating revenue. Why would someone sell a business like that?There could be many reasons, such as the business owner getting older and no-onein the family wants t…![](https://fintekcafe.com/content/images/2019/09/logo-2.png)FinTekCafeFinTekCafe![](https://images.unsplash.com/photo-1557754897-ca12c5049d83?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MXwxMTc3M3wwfDF8c2VhcmNofDN8fGVudHJlcHJlbnVlcnxlbnwwfHx8&ixlib=rb-1.2.1&q=80&w=2000)](https://fintekcafe.com/what-are-search-funds-spac-special-purpose-acquistion-company-and-spe/) [GameStop and Short SqueezeBackgroundMost of you may already be aware of the episode with GAME STOP (NYSE: GME) stock,which is now all over the news. The sequence of events went something likethis. There was a high level of short interest in “GME.” Allegedly an increasednumber of retail investors from the Reddit ’wallstre…![](https://fintekcafe.com/content/images/2019/09/logo-2.png)FinTekCafeFinTekCafe![](https://images.unsplash.com/photo-1611967556157-d5c8830b5161?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MXwxMTc3M3wwfDF8c2VhcmNofDZ8fGdhbWVzdG9wfGVufDB8fHw&ixlib=rb-1.2.1&q=80&w=2000)](https://fintekcafe.com/gamestop-and-short-squeeze/) **If you have any comments or have any topic request for the blog, then please leave your feedback at**