Shares of Dave (DAVE) are moving lower after Upstart (UPST) yesterday morning announced the launch of Cash Line, a revolving line of credit “that gives consumers ongoing access to money as needed.” Cash Line provides a guaranteed minimum of $200 for all approved consumers and up to a $5,000 revolving line, Upstart said in a statement. Shares of Dave, which has a competing product, are down 2% to $176.51 in early trading.
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