Banking app 'Dave,' backed by Mark Cuban, began trading on the Nasdaq on Thursday
"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," Dave co-founder and CEO Jason Wilk said in a statement announcing the news. "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.
The deal included a private investment in public equity of $210 million led by Tiger Global Management with participation from Wellington Management, Corbin Capital Partners, and Alameda Research, Dave said in a press release.Ahead of its debut, Dave held an estimated value of around $4 billion. It opened at $8.27 per share on Thursday, placing its value at around $3 billion.
Dave was founded in 2017, and provides a financial platform offering a cheaper alternative to traditional
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
El Salvador allows two Cuban journalists to enter countryEl Salvador on Wednesday said it allowed two Cuban journalists to enter the country after the reporters said they were expelled from the Communist-run island and then barred from entering Nicaragua.
Lire la suite »
Cuban women push to join business opening, cite obstacles | AP NewsHAVANA (AP) — Cuba was an early leader in recognizing women’s rights and equality after Fidel Castro’s revolution in 1959. Women were put in positions of power and responsibility, and the government legalized abortion and created day care centers, steps that allowed women to join the workforce alongside men.
Lire la suite »
US Hits 8 Cuban Officials With Travel BansThe Biden administration has slapped a travel ban on eight Cuban officials it says have been complicit in the repression of opposition protesters and other dissidents
Lire la suite »
Biden and Congress mark a year since violent Jan. 6 Capitol riotA series of remembrance events during the day will be widely attended by Democrats, but almost every Republican on Capitol Hill will be absent.
Lire la suite »
GBP/JPY pares intraday losses, finds decent support ahead of 156.00 markThe GBP/JPY cross maintained its heavily offered tone through the first half of the European session, albeit has recovered a few pips from the daily l
Lire la suite »
Biden, Congress Mark a Year Since Violent Jan. 6 InsurrectionPresident Joe Biden and members of Congress are solemnly marking the first anniversary of the U.S. Capitol insurrection.
Lire la suite »