From CNBC: 2024-12-20 12:30:01

Jason Wilk, CEO of Dave, recalls the challenging time when shares dipped below $5 in June 2023. Despite the struggle, Dave turned profitable, boasting a 934% surge in 2024. Fintech firms like Dave and Robinhood are promising investments for the future, according to analyst Devin Ryan.

Dave caters to underserved Americans with fee-free accounts and small loans averaging $180. The company earns around $9 per loan and helps users avoid expensive credit options like bank overdraft fees. With a debit card and revenue from interchange fees, Dave aims to continue its success in the fintech market.

Read more: Fintechs are 2024’s biggest gainers among financials