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Dave
Personal financial management app
- 201-500 employees
- Fintech
- B2C
- Personal finance
- SaaS
- Central LA, Los Angeles, CA
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Company mission
To build products that level the financial playing field!
10% employee growth in 12 months
Our take
Dave is a digital banking service provider that is setting out to shake up and reinvent digital banking for the better. Dave was founded by three friends who were ‘fed up' with overdraft fees and not being able to work out how much money they had left before payday
Dave was launched with a variety of different money management tools designed to save their customers from overdraft fees. Using an algorithm, it can work out how likely a client will be able to repay their loans based on their income history and checking account. Since its launch, Dave has gained over 4 million users and has a valuation of $1 billion. The ultimate plan of Dave is to grow to disrupt the legacy financial system by providing a convenient digital alternative.
Dave faces competition from companies such as Flow, a credit management company, and Olivia AI, a financial assistant app, but outperforms both in both funding rounds and overall valuation. Dave is unique in that it gives its users small loans that they can pay back after payday, with no fees, which allows people to rebuild their credit history.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Virtual First Environment with Home Office Stipend, Social Events, and More
- Premium Health, Dental, Vision, Disability, and Life Insurance Plans
- Financial Advisor and Financial Wellness Support
- Flexible Paid Time Off, including Juneteenth and Winter Break
- Generous Parental and Family Caregiver Leave
- 401(k) Savings Plan with Company Match
Company values
- We care deeply about our members
- Being helpful is part of our DNA
- We are open, honest, and straightforward
- We don't give up when things get challenging
- Opportunity exists for everyone at Dave
Funding (last 2 of 3 rounds)
Sep 2019
$50m
SERIES B
Oct 2017
$13.3m
EARLY VC
Total funding: $66.3m
This company has top investors
Leadership
Jason Wilk
(Co-Founder & CEO)Having founded 1DaySports.com in 2006, Jason also started AllScreen in January and WriteyBoard in April 2010. They used this experience to co-found Dave in September 2016, and have been CEO since.
Paras Chitrakar
(Co-Founder & CTO)Also co-founded ResumeBucket.com in 2008 and AllScreen in 2010.
John Wolsnin
(Co-Founder)Also co-founded Wax Music and Beastly Creative. Worked as Head of Design at Honey before co-founding Dave in 2016.