Dave

Description

Dave is a leading US challenger bank on a mission to put everyone’s financial mind at ease with free overdraft cash, budgeting and side gigs.

Overview
Type: Private
Funding Status: Series B
Foundation year: 2016
Location: Los Angeles, California, United States
Number of employees: 101-250
Founders: Jason Wilk, John Wolanin, Paras Chitakar
Website: https://dave.com/
Target geographic market:

North America

About Product/Service
Core product offerings for individual/retail customersChecking Account
Regulators/ComplianceEvery account is protected by banking-level security and FDIC-insured up to $250,000
The Base Currency$ (USD)
 
Openning a current account (business and personal)Free
Monthly fees$1
Issuing physical card and deliveryFree
Money transfers/paymentsFree
ATM withdrawalsFree
OverdraftsThe account doesn't charge overdrafts while still allowing digital bill payments (sends checks on your behalf)
(a) a personal accountYes

Key people

Jason Wilk
Jason Wilk Co-founder and CEO

Funding rounds

Last Funding Date Sep 30, 2019
Last Funding Amount $50M
Last Funding Type Series B
Total Funding Amount $73M
Number of Funding Rounds 5

Financials

Customer/Products segments Banking, Payments, Personal Finance
Type of customersIndividuals
Number of investors 15
Number of lead investors1
Names of lead investorsNorwest Venture Partners

Tech stack

Competitors

Save comparison
Founding Date Type Tags
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