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

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

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Nubank

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2013 Private fintech, challenger banks

Reviews