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FTX Ventures, an early-stage venture capital firm, has struck a deal with Dave, a fintech startup that turns high-interest debt into investments, for a $100 million stake in the company. The agreement gives FTX Ventures a significant minority stake in Dave, allowing them to help the company explore new opportunities and growth strategies. The investment is expected to help Dave further its expansion, as it seeks to become a top player in the debt relief and financial wellness markets. In addition, Dave will benefit from FTX Ventures’ expertise in financial technology and venture capital, which should help the business to grow and reach its full potential. The deal marks a major move towards better serving Dave’s customers and taking advantage of the rapidly-expanding debt relief industry.
