Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake

FTX Ventures, the enterprise venture fund that engages in strategic investments in early stage companies, has made a deal with Dave, an AI-powered personal finance app. Under the terms of the agreement, FTX will invest a total of $100 million in Dave, taking a significant stake in the company. The funding will help Dave to grow and reach its milestones in the coming years. The investment will also allow FTX to help Dave better understand consumer trends, allowing them to capitalize on new opportunities. This move signals FTX’s commitment to the fintech industry and to Dave in particular.