Dave enters non-binding LOI for sponsor bank partnership

Dave Inc. announced Non-binding letter of intent for strategic partnership with Unnamed fintech sponsor bank (publicly traded parent) on November 12, 2024.

Primary

Dave Inc.

Counterparty

Unnamed fintech sponsor bank (publicly traded parent)

Structure

Non-binding letter of intent for strategic partnership

Date

November 12, 2024

Sub-sector

Neobank

Dave diversifies key banking relationships with a highly respected fintech sponsor bank to support current and future credit and banking products.

Primary company

Dave Inc.

Counterparty

Unnamed fintech sponsor bank (publicly traded parent)

Amount

Not disclosed

Event date

November 12, 2024

Sub-sector

Neobank

HQ

Not disclosed

Structure

Non-binding letter of intent for strategic partnership

Source published

November 12, 2024

Publisher

GlobeNewswire

Source: manilatimes.net