Dave went public via a SPAC merger with VPC Impact Acquisition Holdings III in a $4bn deal.

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.