Former Snap Inc. Chief Strategy Officer to
Join Dave's Board of Directors
LOS ANGELES ,
Aug. 8,
2023 /PRNewswire/ -- Dave Inc. ("Dave" or the
"Company") (Nasdaq: DAVE), one of the nation's leading neobanks,
announced today that Imran Khan, the
renowned technology executive and entrepreneur, through investment
funds in which he manages, has acquired 2.5% of Dave's Class A
Common stock, through a secondary sale. In addition, Khan will join
Dave's Board of Directors, effective immediately. Khan is the
founder of Proem Asset Management and Co-Founder and CEO of the
e-commerce marketplace, Verishop. Previously, he served as the
Chief Strategy Officer at Snap Inc. and head of global internet
investment banking at Credit Suisse.
Khan brings deep experience and knowledge to Dave as a leader in
operations, ad sales, partnerships, capital markets, and corporate
strategy at both public and private companies. He was
integral in two of the largest tech IPOs in history, Snap and
Alibaba, and has a consistent track record of catalyzing growth and
scale at innovative companies.
"Dave is transforming the banking industry through its use of
innovative technology with the goal of making financial services
accessible to everyone. The Company has experienced continued
growth with steady progress towards profitability," said Khan. "I'm
passionate about working with founders to unlock the value of their
businesses and look forward to working with Jason to realize Dave's
full potential."
Dave Founder and CEO, Jason Wilk,
said, "We're honored to have such an esteemed business leader like
Imran take a position in Dave. Welcoming him to our board at this
critical point in Dave's growth period will be extraordinarily
helpful, as we scale to profitability and beyond. His decades of
experience leading high-growth companies, market expansions,
product innovations, and corporate partnerships will be a
tremendous asset to our leadership team."
About Imran
Khan
Imran Khan is the
founder and Chief Investment Officer of Proem Asset Management, an
investment firm that focuses on the technology space. Additionally,
he is the co-founder and Chief Executive Officer of Verishop, and
the Chairman of Aleph Group, Inc. Previously, Khan served as Snap
Inc.'s Chief Strategy Officer, where he oversaw the company's
corporate strategy, revenue generation, business operations and
partnerships. Under his leadership, Snap Inc. became a $1 billion-plus business from zero in a four year
period. Previously, Khan was a Managing Director and Head of
Global Internet Investment Banking at Credit Suisse where he
advised on more than $45
billion-worth of Internet M&A and financing
transactions. Khan held the role of Managing Director and Head of
Global Internet Research at JPMorgan Chase earlier in his
career.
About Dave
Dave (NASDAQ: DAVE) is a leading
U.S. neobank and fintech pioneer serving millions of everyday
Americans. Dave uses disruptive technologies to provide
best-in-class banking services at a fraction of the price of
incumbents. Dave partners with Evolve Bank & Trust, member
FDIC. For more information about the company, visit: www.dave.com.
For investor information and updates, visit: investors.dave.com/
and follow @davebanking on Twitter.
Media Contact
Kira
Sarkisian, Director of
Communications
press@dave.com
Investor Relations Contact
Sean Mansouri,
CFA
Elevate
IR
DAVE@elevate-ir.com
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SOURCE Dave Inc.