Dave Accelerates Growth with Digital Banking Solutions – ExtraCash Leads to Another Record Quarter!

Dave (DAVE) already reaches 12.9 million members in the USA with its digital banking services and sees an opportunity for potentially 180 million customers. The target audience is 68% of Americans who are already living paycheck to paycheck. A free checking account is offered, with membership fees raised from $1 to $3, as well as 4% interest and access to ExtraCash with an advance of up to $500 and a debit card for everyday purchases. ExtraCash achieved a record of $2.8 billion (+51%) in lending and benefits from the new fee structure introduced...