Better.com is planning its fourth layoff; & more!

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Welcome to your daily FinTech news!

NEWS HIGHLIGHT

Better.com is planning its fourth layoff. It is unclear how many people will be laid off in this latest round, but one impacted worker said it would be at least 250 or more. Link here

FINTECH NEWS

#crypto

• Bitcoin Depot strikes $885M SPAC deal. The merger comes during market downturns for cryptocurrencies and SPACs. It is expected to test investor appetite for bitcoin ATMs. Link here


• Cryptos offer new payment methods and opportunities that businesses can leverage to deliver a better customer experience, generate new revenue streams, and lower costs. Link here


• Bitso launched a crypto Debit Card. Despite the recent fall in the value of cryptocurrencies, the Mexican crypto exchange unicorn says there is demand among its users for cards. Link here

#mergersandacquisitions

• Affirm scans the landscape for acquisitions. With plenty of cash, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now pay later company to continue its growth. He noted that no purchase was imminent. Link here