Dave Raises $13.3 Million
October 20, 2017
7:30 am
Credit: dave.com
According to a recent SEC filing, fintech startup Dave has raised $13.3 million in financing from an undisclosed investor.
More than 25% of Americans overdrafted in the past 12 months, and 10% have overdrafted more than eight times. Dave is a U.S.-only app that predicts upcoming expenses and lets users borrow up to $75 to prevent an expensive overdraft fee, as well as providing users with access to 0% interest advances. Membership is just a dollar a month, with the first 30 days free.