Business

Mark Cuban-backed banking app Dave going public in $4B deal

11 days ago   |   By New York Post

Dave, the online banking platform known for its “banking for humans” catchphrase was created in 2017 to help consumers avoid overdraft fees from traditional banks.
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Mark Cuban-backed banking app Dave to go public via SPAC merger at a $4 billion valuation

Mark Cuban-backed banking app Dave to go public via SPAC merger at a $4 billion valuation

11 days ago   |   By Business Insider

Summary List Placement Dave, a banking app supported by billionaire Mark Cuban, on Monday announced it will go public through a merger with a blank-check company at a valuation of $4 billion.
Dave will merge with VPC Impact Acquisition Holdings III, a SPAC launched by Chicago-based Victory Park Capital, and includes a $210 million concurrent private placement led by Tiger Global Management. VPC completed its initial public offering for the SPAC in March.
Founded in 2017, Dave said it has helped Americans avoid billions of dollars in overdraft fees charged by banks, and has assisted over 10...
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