Why did Dave buy back $100m note from FTX?

Fintech Dave buys back $100M note from troubled FTX for $71M, distancing from crypto amid expansion and FTX's legal woes. Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX.

Will Dave repurchase a $100 million convertible promissory note from FTX?

Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX. This development comes as a response to the bankruptcy and legal challenges surrounding FTX.

Is Dave a FTX company?

Despite the complexities arising from its association with FTX, Dave continues to innovate and grow. The company, known for its no-fee checking accounts and cash advance services, has raised over $536.3 million across nine funding rounds.