Dave’s cover photo
Dave

Dave

Financial Services

Los Angeles, California 19,560 followers

We started Dave for one reason: banks weren’t built for people like us, and we knew we deserved better.

About us

Fighting for the underdog – We started Dave for one reason: banks weren’t built for people like us, and we knew we deserved better. Like David slaying Goliath, we set out to take on banks and their predatory ways. Our first fight? Making overdraft fees a thing of the past by spotting members the money they needed, without charging them $38. Why? Because it’s the right thing to do. Since then, we’ve continued to bring our members the products traditional banks won't: $500 advances, fee-free goal tracking, and simple ways to find Side Hustles when you’re behind on your budget. We’ve grown a lot since we started, but one thing has never changed: We’re building products that level the financial playing field.

Industry
Financial Services
Company size
201-500 employees
Headquarters
Los Angeles, California
Type
Public Company
Founded
2016

Locations

Employees at Dave

Updates

  • View organization page for Dave

    19,560 followers

    2024 was a record-breaking year for Dave as Jason and Kyle shared! 🚀 We closed out Q4 with our strongest performance yet—driven by incredible member growth, AI-powered innovation, and world-class execution by our team. 📈 $101M in revenue (+38% YoY) 💰 $33M in Adjusted EBITDA (+234% YoY) ⚡️ ExtraCash Volume up 44% YoY to $1.5B 📉 28-Day Delinquency improved 24% YoY With this momentum, we’re excited to build an even better member experience in 2025. Huge thanks to our team for making it happen! 💚 Check out the Q4 and full-year 2024 results: https://lnkd.in/gQ_FSq9n

    View profile for Jason Wilk

    CEO at Dave

    Congrats to the Dave team for closing out a record setting 2024, driven by strength across all key areas of our business. Here are some highlights from the quarter: -$101 million of revenue, up 38% YoY, driven by 17% growth in monthly transacting members and 18% increase in ARPU -Adjusted EBITDA of $33 million (33% margin), up 234% YoY -ExtraCash Volume: up 44% YoY to $1.5 billion driven by 17% growth in avg. origination size  -28-Day Delinquency Rate: improved 53bps or 24% YoY to 1.66% In 2025, we plan to build on this foundation of record-breaking performance while delivering a superior experience for our members. Please see Q4 and full-year 2024 results here https://lnkd.in/gQ_FSq9n

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  • View organization page for Dave

    19,560 followers

    With today being the last day of Black History Month, we’re proud to celebrate the voices and contributions of our Black professionals not just in February, but every day. Meet Chris Albert, our Corporate Counsel, who helps manage Dave’s strategic partnerships and vendor relationships. His passion for fintech is rooted in our mission, "Dave’s member centric mission of building products that level the financial playing field really stood out to me as a compelling 'why' for the work I do." For Chris, Black History Month is more than a time of reflection—it’s a catalyst for continued education and progress. And when it comes to inspiring the next generation, his advice is clear: "authenticity is an asset." Let’s continue celebrating and uplifting Black voices beyond February.

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  • View organization page for Dave

    19,560 followers

    Meet Al Kadiri, Director of DevX and Infrastructure Engineering at Dave! 🚀 Growing up, Al had a passion for numbers, which led him to pursue finance certifications in college, following in his dad’s footsteps. Now, in fintech, he combines his love for technology with his fascination for finance. At Dave, he leads our SRE and DevX teams, ensuring a strong foundation for Dave’s infrastructure. For Al, representation in the workplace is about broadening perspectives and shrinking blind spots. He honors Black History Month by reflecting on past sacrifices and paying it forward. He hopes to inspire the next generation of Black professionals by, “catching them early, working with organizations that support college-age aspiring engineers, and mentoring young Black students by guiding them through what they need to know and learn to land their first opportunities.” His advice? “Be patient. Learn as much as you can early, and everything will flow naturally.” And his go-to mantra? “DO IT NOW!” Thanks for all you do, Al! 😀

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  • View organization page for Dave

    19,560 followers

    Looking back at these memories from last year’s holiday party, we’re reminded of the power of connection. As a virtual-first company with team members across the country and roots in Los Angeles, we’ve seen how resilience, support, and gratitude make us stronger together. Through every challenge, we’ve come together as a team, lifting each other up. As we move toward 2025, we are thankful for the unwavering support and the community we’ve built—no matter where we are. 💚 #TeamDave #BetterTogether 

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  • View organization page for Dave

    19,560 followers

    Congratulations to the following Daves who were recognized in the last quarter of the year for exemplifying Dave's company values, Saro Shanlian, Giancarlo Escobar, Daniel Loera, Timothy Unger, CPA, and Danielle Lange. You’ve shown what it means to be member centric, helpful, persistent, transparent, and better together. A big shoutout to Jimmy Muga for receiving our Committed Leader Award! Your dedication, leadership, and unwavering support for your team make you a true role model for the business. 

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  • View organization page for Dave

    19,560 followers

    Excited to share that Dave has exceeded our growth and profitability expectations in Q3, building on our momentum from the first half of 2024. We reported record Q3 revenue growth, up 41% YoY to $93 million, marking our fourth consecutive quarter of accelerating growth. We also generated $25 million in Adjusted EBITDA in Q3, which is up $27 million YoY and represents a 27% margin. Here are some additional highlights: 📈 CAC: $15, improved 14% YoY while new member acquisition increased 4% 👥 Monthly Transacting Members: 2.4 million, up 23% YoY 💵 ExtraCash originations: up 46% YoY to $1.4 billion while our 28-Day Delinquency Rate improved 64bps or 26% to 1.8% With improved margins, strong marketing efficiency, and continued discipline on our fixed cost case, we're set to finish the year stronger than ever. We raised our full year 2024 Revenue and Adjusted EBITDA guidance to $340–$343 million and $71–$74 million, respectively. Finally, given the scale and strong member growth we’ve achieved, we are thrilled to announce that we entered into a non-binding Letter of Intent (LOI) to form a strategic partnership with one of the most highly respected bank partners to sponsor our credit and banking products. This new bank partner will further diversify our key commercial relationships in support of Dave’s mission of leveling the financial playing field for everyday Americans. Listen to the call: https://lnkd.in/gdZpN-cM View our full Third Quarter 2024 Earnings Presentation: https://lnkd.in/gQ_FSq9n

    • Summary of key numbers from Dave's 2024 Q3 Earnings
  • View organization page for Dave

    19,560 followers

    Proud to see our Founder and CEO, Jason Wilk, on the stage at TechCrunch Disrupt 2024 discussing the challenges and successes of scaling Dave over the years, our commitment to supporting our members, and the future of neobanks. Watch the full session here: https://lnkd.in/ggQAF-v7

  • View organization page for Dave

    19,560 followers

    Proud to celebrate Stephanie Dieppa Garcia's journey at Dave as Latinx & Hispanic Heritage Month comes to a close. She started six years ago as a customer service agent, worked her way up to QA engineer, and was recently promoted to software engineer, building the same tools she once used. Her story is an inspiration of growth and determination! As a proud Puerto Rican, Stephanie shares, "Growing up in a culture that values close-knit relationships taught me the importance of meaningful connections. It motivates me to foster a positive and supportive work environment." Her advice to young Latinx professionals? Celebrate your culture and share your traditions – they spark conversations and build inclusivity. Thanks for all that you do Stephanie!

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