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 customers | Checking Account |
---|---|
Regulators/Compliance | Every 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 delivery | Free |
Money transfers/payments | Free |
ATM withdrawals | Free |
Overdrafts | The account doesn't charge overdrafts while still allowing digital bill payments (sends checks on your behalf) |
(a) a personal account | Yes |
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 customers | Individuals |
Number of investors | 15 |
Number of lead investors | 1 |
Names of lead investors | Norwest Venture Partners |
Tech stack
Competitors
Founding Date | Type | Tags | |
x![]() Think Money is one of the largest and longest-... | 2002 | Private | Challenger banks, fintech |
x![]() Timo provides banking services in Vietnam | 2015 | Challenger banks, fintech | |
x![]() BankMobile is a mobile application that offers a... | 2015 | Private | fintech, challenger banks |
x![]() Fenergo is the digital enabler of client and... | 2009 | Private | Fenergo |
x![]() Amaiz is a UK banking service that transforms the... | 2017 | Private | Challenger banks, fintech |