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Announced

Completed

Victory Park Capital completed an investment of $100m from Dave.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

banking application

Minority

Completed

Friendly

banking services

Private

Domestic

FinTech

Private Equity

Single Bidder

United States

Synopsis

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Victory Park Capital, a private equity firm, completed an investment of $100m from Dave, a banking application. “We are excited about the flexibility this deal gives us as we continue to expand Dave Banking for the 180m Americans who live paycheck to paycheck and deserve access to high quality financial products. Through this expanded partnership with Victory Park we will be making a meaningful impact on communities in the United States and beyond," Jason Wilk, Dave CEO.

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