FTX Ventures Invests $100 Million in Dave, the Digital Bank

Dave announced a strategic partnership with the FTX US exchange. As part of the collaboration, the investment fund affiliated with the trading platform, FTX Ventures, will invest $100 million in the digital bank.

“We are convinced that blockchain technology has the potential to improve the financial sector worldwide. By joining forces with the world-class leader FTX US, we obtain a ticket for entry into the digital assets space, where new growth opportunities can be found and the client experience improved,” he said.

Dave is developing a banking app where you can open an account, issue a debit card, and obtain a small payday loan. The startup’s CEO Jason Wilk noted that under the partnership with FTX, cryptocurrencies will be integrated into the app.

Earlier, the Danish fintech startup Lunar raised €70m and launched a platform for trading cryptocurrencies.

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