This week's list of top stories in fintech:

The seven 2021 fintech trends that will shape 2022

• Buy Now Pay Later Faces a Reckoning
• Fintech Goes Public
• We are Finally Seeing Changes in Overdrafts
• Embedded Finance Takes Center Stage
• Cash Flow Underwriting Becomes the Data Enrichment Layer
• Central Bank Digital Currencies Continue to Develop
• The Rise of Web3 in Banking

Dave challenger bank goes public through SPAC

• Closed up 3% to $8.53
• Raised $210m in PIPE led by Tiger Global
• Valuation at more than $3.2b
• 10 million members
• Saved members over $1b in overdraft fees

Petal nears unicorn status with fresh $140M in capital to upend ‘broken’ traditional credit system

• The company’s new valuation is $800 million — more than triple what Petal was valued at when it announced a $55 million Series C round in September of 2020
• Petal has tripled its user base and more than quadrupled its revenue

China’s digital currency comes to its biggest messaging app WeChat, which has over a billion users

• Tencent-owned WeChat, China’s largest messaging app and one of the country’s biggest payment services, will begin supporting the country’s sovereign digital currency.
• The move by WeChat, which has over 1 billion users, to support the digital currency could provide it with a huge boost if people begin to pay with it.

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Until next time.