Banking app Dave to go public via merger with Victory Park-backed SPAC: Reuters

Banking app Dave is going public via a merger with VPC Impact Acquisition Holdings III Inc, a blank check company backed by Victory Park Capital, reported Reuters.

Banking app Dave is going public via a merger with VPC Impact Acquisition Holdings III Inc, a blank check company backed by Victory Park Capital, reported Reuters. The transaction puts Dave at a valuation of $4 billion. Centerview Partners LLC is serving as exclusive financial advisor to Dave on the transaction while Orrick, Herrington & Sutcliffe LLP is serving as legal advisor. Citigroup and Jefferies are serving as capital markets advisors to VPCC and co-placement agents on the PIPE. White & Case LLP is serving as legal advisor to VPCC. Dave is backed by Mark Cuban.

Source: Reuters