The banking app Dave and VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital, entered into a business combination agreement that will result in Dave becoming a publicly traded company with an expected equity value of approximately $4 billion.
Dave, a banking app, secured a $100 million credit facility from Victory Park Capital, a global alternative investment firm. The funding will support the growth of Dave’s banking product and accelerate the company’s expansion into new products and features.
Investment firm Victory Capital Park entered a debt financing agreement of A$100 million ($71.2 million) with digital retail finance and payments company Zip Co Limited.
Victory Park Capital provided an £80 million ($103.77 million) debt facility to Laybuy, a New Zealand buy now, pay later service partnering with more than 4,500 retail merchants. Laybuy will use the funding to expand in the UK.
Victory Park Capital announced that it named Jason Brown partner. Brown was previously a managing director in corporate and restructuring finance at GE Capital, where he spent more than 10 years.
Victory Park Capital announced it named Jason Brown as partner. Brown, a 20-year financial services veteran will lead the firm’s new Los Angeles office.