Product and Regulatory Legal Director
Dave$245,000 - $319,000/year
- Full Time
- Expert & Leadership (9+ years)
About Dave
Dave is a financial technology company that helps individuals manage their finances through a mobile app. The app offers various financial services, including cash advances on upcoming paychecks without interest or credit checks, which helps users avoid overdraft fees. It targets lower to middle-income individuals who may struggle with traditional banking services, providing a fee-free banking experience with no overdraft, minimum balance, or ATM fees at over 32,000 locations. Dave generates revenue through subscription fees and optional services, such as helping users find side jobs and offering a credit-building service through LevelCredit. The app is designed to be user-friendly and non-judgmental, making it easier for users to navigate their financial lives. Dave's goal is to provide accessible banking services that empower individuals to manage their finances effectively.
West Hollywood, CaliforniaHeadquarters
2016Year Founded
$366MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees
Benefits
Flexible work hours & remote culture
Medical, dental, & vision
Generous PTO
401k with match
Flexible PTO
All-company in-person events
Risks
FTC and DOJ lawsuits for deceptive practices could harm Dave's reputation and finances.
Regulatory challenges during Frisch's appointment may indicate internal instability.
New CFPB rule might affect Dave's revenue model, impacting financial services offered.
Differentiation
Dave offers fee-free banking services, unlike traditional banks with hidden charges.
The app provides cash advances without interest or credit checks, aiding financial stability.
Dave's 'Side Hustle' feature helps users find additional income opportunities.
Upsides
Participation in Socure's consortium enhances fraud prevention, boosting customer trust.
Kevin Frisch's appointment as CMO may improve brand positioning and customer acquisition.
CFPB's overdraft rule aligns with Dave's model, attracting dissatisfied bank customers.
Funding
Total raised$366.04 M
Latest valuation$4.00 B
StageIPO
PRIVATE PLACEMENT VC
2/28/2022$100
SPAC PRIVATE PLACEMENT
12/31/2021$210
$4.00 BSPAC IPO
12/31/2021$254
$4.00 BDEBT
12/31/2020$100
SERIES B
8/31/2019$50
$950.00 MEARLY VC
9/30/2017$13
$66.50 M