Dave Inc. (NASDAQ: DAVE) is a neobank that operates a mobile-first financial services platform targeting everyday Americans underserved by traditional financial institutions. The company makes money primarily through its ExtraCash product, a discretionary overdraft advance of up to $500 per transaction carried out through bank partners, with no interest, late fees, or credit check, alongside a membership fee structure and fee-free banking tools. Founded in 2017 and headquartered in the United States, Dave has accumulated over 19 million sign-ups since inception, with over 14 million members having used at least one product as of the 10-K filed March 2, 2026. The platform also includes financial management tools and a spending account. Dave uses proprietary underwriting technology called CashAI to assess credit risk at the transaction level. CEO is listed as a director and principal executive officer in the filing; Kyle Beilman serves as Chief Financial Officer and Chief Operating Officer.

Revenue model

Revenue is generated through ExtraCash advance fees, optional express transfer fees, and membership fees paid by members of the Dave app. ExtraCash advances are originated through bank partners, and the company earns on transactional volume. Funding costs are tied to interest rates, as disclosed in the FY2025 10-K.

Products and services

ExtraCash: discretionary overdraft advances up to $500, no interest or late fees, originated via bank partners. Fee-free banking account with debit card. Financial management tools accessible via the Dave mobile app. Proprietary underwriting model CashAI for real-time credit assessment.

Customers and end markets

Individual consumers, specifically everyday Americans described in the filing as often underserved by traditional financial institutions. Over 19 million total sign-ups and over 14 million members who have used at least one product as of the 10-K filed March 2, 2026.

Value-chain role

Dave operates as a technology intermediary and neobank, originating financial products through FDIC-insured bank partners rather than holding a bank charter itself. Bank partners hold member deposits, which are eligible for FDIC pass-through deposit insurance. Dave provides the consumer-facing app, underwriting technology, and member relationship.

Geographic exposure

United States, based on the filing's description of serving everyday Americans. No international operations are referenced in the provided excerpts.

Source: SEC 10-K, filed 2026-03-02

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