In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This insightful piece by Channel News Asia reports that Mark Cuban-backed banking app Dave is set go public in US$4 billion SPAC merger. Read on.
“REUTERS: Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the banking app at US$4 billion.
Launched in 2017, Dave is an app used to help Americans avoid billions of dollars in overdraft fees charged by traditional banks. It currently has 10 million customers.”