Announced
Completed
Financials
Sources
Press Release
Dave -
Investor Presentation
VPC Impact Acquisition Holdings III -
SEC Announcement
VPC Impact Acquisition Holdings III -
Completion Announcement
Dave -
SEC Announcement
VPC Impact Acquisition Holdings III -
SEC Announcement
VPC Impact Acquisition Holdings III -
SEC Announcement
VPC Impact Acquisition Holdings III -
Tags
Majority
Acquisition
Reverse Takeover
Merger
De-SPAC
Private
FinTech
banking application
banking services
United States
Private Equity
Friendly
Single Bidder
Domestic
Completed
Synopsis
Dave, a banking application developer, went public via a SPAC merger with VPC Impact Acquisition Holdings III, a special purpose acquisition company sponsored by Victory Park Capital, in a $4bn deal. The deal included a $210m PIPE investment led by Tiger Global Management, with participation from Wellington Management, Alameda Research and Corbin Capital Partners. “We are thrilled to partner with VPCC and our new board of directors as we continue our mission to build products that level the financial playing field. This new influx of capital will allow us to invest in our business and in turn, help more people living paycheck to paycheck who traditional banking system has failed to support. We’re looking forward to hitting the ground running," Jason Wilk, Dave CEO.
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