Mark Kuban-sponsored banking app Dave goes for $ 4 billion in a SPAC deal

Dave, a US-based banking app backed by billionaire Mark Cuban, has announced that it will merge with a Victory Park Capital (VPC) sponsored special purpose vehicle (SPAC) to become a publicly traded company.

Dave was founded in 2017 and currently has around 10 million customers

The two parties claim the transaction will lead to a valuation of $ 4 billion.

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