Mobile app Dave is trying to help consumers manage their expenses and avoid overdraft fees; its technology provides users with their lowest seven day forecasted balance based on previous spending habits; it also allows customers to borrow up to $250 to cover expenses; the app has received investment from Mark Cuban. Source
Dave launched as a fintech that helped customers avoid overdrafts by providing interest free cash advances; the fintech is now...
According to a new survey by Cornerstone Advisors 6 percent of U.S. adults with a checking account consider a digital...
Fintech startup Dave began rolling out their new bank account in May to a waiting list of two million people;...
The fintech industry is coming up on the tipping point of funding, revenue generation, and user acquisition to rival traditional finance with $20 billion in YTD fintech financing, the several SPACs, and Visa’s $2B Tink purchased. Defensive barriers have eroded.
Let’s take a moment to compare capital. While it is not the money that wins markets, it is the transformation function of that money into novel business assets that does. And while the large banks have a massive incumbent advantage with (1) installed customers and assets, and (2) financial regulatory integration (or capture, depending on your vantage point), there is a real question on whether a $1 generates more value inside of an existing bank, or outside of an existing bank — even when it is aimed at the same financial problem.
Financial Literacy Month ended yesterday (yes, April is officially Financial Literacy Month) and I have been thinking a lot about...
The founders of the venture capital firm behind the likes of fintech firms Dave, Digit, Joust, Point and Scratch, has...
CEO Brad Paterson Of Fintech Upstart Splitit On The Future Of E-commerce, Payments, Fintech, And BNPL (By Now, Pay Later)...
Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million...
Overdraft fees have suddenly become a hot topic in banking circles. And it is about time. A couple of years...