dave

Dave, the Los Angeles banking app that launched a debit card with no monthly fees, is going public through a so-called blank-check company, the startup announced Monday.

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When fully vaccinated employees at one of L.A.'s biggest venture firms began trickling back into the office at the beginning of May, they felt a bit uncomfortable.

"Everyone felt awkward," remembers Mark Suster, Upfront Ventures' General Partner. "It was really awkward sitting in front of people again."

After more than a year confined to only seeing a few family members face-to-face and perhaps the occasional masked walk with friends and colleagues, it felt strange to suddenly be sitting unmasked next to each other in conference rooms.

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Popular finance management app Dave has snagged former Apple executive Jarad Fisher, who conceived and designed the Apple Card. He will join the company as its chief commercial officer and follows a slew of other recent hires as the company tries to raise its profile.

The three-year-old startup run by co-founder Jason Wilk rolled out a digital bank account and debit card last year with no monthly fees. It saw two million user sign-ups for the wait list. Billionaire Mark Cuban was an early investor and board member of the Los Angeles-based company.

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