Dave Inc.

Dave Inc. is a leading neobank that provides a mobile-first financial services platform to help everyday Americans manage their money. The company serves millions of members who are often underserved by traditional financial institutions, offering short-term liquidity, fee-free banking, and financial management tools. Founded in 2017, Dave Inc. aims to expand financial access and improve consumer financial health. Since its inception, over 19 million members have signed up for the Dave app, with over 14 million having used at least one product. The flagship product, ExtraCash, offers members up to $500 of short-term credit in the form of discretionary overdraft through a bank partner. This product helps bridge liquidity gaps between paychecks without interest, late fees, or credit checks. Dave Inc. uses its proprietary AI-powered underwriting engine, CashAI, to evaluate each member's cash flow in real-time. To date, the company has provided members with over $22 billion in ExtraCash. This offering is complemented by Dave Checking, a fee-free demand deposit account with FDIC pass-through insurance, and a suite of personal financial management tools. Since inception, Dave Inc. has donated over $25 million to charity and other causes.