2 years ago
Dave (DAVE), a publicly-traded banking app, has made a strategical partnership with FTX US, the stateside limb of cryptocurrency speech elephantine FTX. The institution besides received a $100 cardinal concern from FTX Ventures, the exchange’s $2 cardinal task superior fund.
FTX US and Dave are presently exploring however to present integer plus payments onto Dave’s platform. FTX US volition service arsenic the exclusive spouse for immoderate crypto offerings.
The $100 cardinal concern from FTX Ventures was done a convertible note, a benignant of short-term debt.
“We consistently look to align with companies that stock our vision, person unsocial and disruptive concern models, and tin assistance thrust wide adoption of integer assets. Dave is simply a large acceptable arsenic they cheque each 3 boxes,” said FTX US President Brett Harrison successful the property release.
Dave, which counts billionaire Mark Cuban among its backers, went nationalist successful January done a $4 cardinal merger with peculiar intent acquisition institution (SPAC) VPC Impact Acquisition Holdings III.
Shares of Dave closed up 4.85% successful Monday’s trading, and were up astir 3% successful after-hours trading. The institution besides reported 4th fourth net aft the adjacent connected Monday.
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