Banking App Dave to Buy Back $100M Stake From FTX
Neobank Dave has agreed to pay FTX liquidators $71 million in exchange for a convertible promissory note for $100 million that FTX Ventures has provided. This note was first issued by FTX Ventures, a venture capital entity associated with the now-defunct exchange FTX. As per the revised agreement, Dave is going to secure the debt […]