Dave

Sr. Product Manager, Banking Platform

United States

Dave Logo
$138,000 – $222,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Neobank, BankingIndustries

Requirements

Candidates should possess 4+ years of experience as a Product Manager or equivalent product experience, along with over three years of experience in the financial technology industry, preferably with digital banks or issuing platforms. They should also have 3+ years of work experience in building feature-rich banking user experience using a sponsor bank and 3rd party partners.

Responsibilities

The Sr. Product Manager will develop a banking platform strategy and roadmap to align with Dave’s overall business and product roadmap, leveraging expertise in sponsor bank integrations, user migrations, and card issuance to support Dave’s growth. They will collaborate with line of business owners to support their strategy, come up with innovative solutions using payment technology, and manage Dave’s banking processing costs while working closely with cross-functional teams to define product requirements, prioritize features, and ensure successful delivery.

Skills

API
Banking
Product Management
Integration
Debit
ACH
Vendor Management
Partner Management
Financial Infrastructure

Dave

Mobile app for fee-free financial services

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.

Key Metrics

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.

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