Banking app, Dave, backed by billionaire Mark Cuban, to go public

Banking app, Dave, backed by billionaire Mark Cuban, to go public

Return to previous page

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.”

Continue reading…

Return to previous page