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Dave.com
Dave (also known as Dave.com) is a digital banking service that works off of tips and subscription fees rather than overdraft fees. Services Dave is most well known for offering customers a free cash advance as opposed to expensive overdraft fees found at legacy banks. The company does not charge interest, or origination or similar fees, instead charging for expedited service, and a monthly fee to use the service, and giving the option to "tip" the company. Lauren Saunders, of the National Consumer Law Center, expressed concern that some users may feel compelled to tip resulting in it being not too different from paying interest. Dave has also launched a banking service, Dave Banking. It was released in 2019. It is available through a partnership with Evolve Bank & Trust. It also has a service for finding side-work called SideHustle. History ''Shark Tank'' star Mark Cuban led a $3 million seed investment round in the company, saying he was crushed by overdraft fees in hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jason Wilk
Jason Wilk is an American entrepreneur and the founder and CEO of Dave, a publicly traded financial services company on NASDAQ. He grew up in Los Angeles, California. Wilk created several small businesses before selling a video advertising network called AllScreen for $85 million in 2015. That gave him the money to start Dave, a digital banking upstart that works off of tips and subscription fees rather than overdraft fees. Over the years, Dave has grown to more than 10 million users and went public in January, 2022 at a valuation close to $4 billon. Early life Wilk was born in Los Angeles, California, where he also spent his youth. He attended Loyola Marymount University in California, where he played golf. Initially, Wilk wanted to be a professional golfer, but at college decided to pursue entrepreneurship instead. He graduated from Loyola Maymount in 2007. Career Early career Wilk's first business venture was a retail website for golf equipment called 1DaySports.com. He sold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |