Dave is the finance version of David and Goliath taking on the big banks and helping millions with money challenges.
Dave is the highest ranked personal financial management app in the country.
Dave was founded in 2016 by Jason Wilk, John Wolanin, & Paras Chitakar. The company is headquartered in Los Angeles, California.
Dave helps the 4 in 5 Americans who live paycheck to paycheck thrive, not just survive. The company is a financial ecosystem that empowers all Americans with the tools they need to live stable financial lives.
Dave has created the world’s friendliest banking product that automatically budgets, offers $100 of overdraft advances at no interest, helps find new job opportunities and plants trees when we help you. Dave Banking is the first account to automatically build credit by reporting everyday payments like rent and utility bills to the credit agencies.
Dave now counts over 4 million users for its financial management app and has roughly 800,000 people on the waiting list to use its banking service. The company has partnered with CreditPop to let you report rent payments to major credit bureaus — to give you a serious credit-building edge.
Dave's investors include Mark Cuban, SV Angel, Norwest Partners, TCG, Section32, JP Morgan, Capital One along with other venture and angel investors. The company raised $50M from a "Series B" financing on Oct 1, 2019. The round brings Dave's total funding to $186.3M to date.
Dave has received a $1B valuation from its latest "Series B" round on Oct 1, 2019, to become the newest unicorn in the fintech space.