Royal Bank of Canada Boosts Stake in Dave Inc.

Royal Bank of Canada significantly increased its stake in Dave Inc., a fintech company that offers fee-free overdraft protection and other financial services. According to a recent SEC filing, Royal Bank of Canada acquired an additional 6,845 shares of DAVE stock during the first quarter, bringing its total holdings to 10,590 shares.

The value of these shares is approximately $1.84 million, representing about 0.08% of Dave's outstanding stock. This move by Royal Bank of Canada comes as the company continues to expand its services and user base.