About Dave
Dave is a company based in Los Angeles (United States) founded in 2016 by Paras Chitrakar. It operates as a FinTech, and Subscription Services. Dave has raised $63.56 million across 8 funding rounds from investors including FTX, Victory Park Capital Advisors and Norwest Venture Partners. The company has 274 employees as of December 31, 2024. Dave offers products and services including ExtraCash, Dave Checking, Goals Account, and Side Hustle. Dave operates in a competitive market with competitors including Chime, Stash, Albert, Umba and Yotta, among others.
- Headquarter Los Angeles, United States
- Employees 274 as on 31 Dec, 2024
- Founders Paras Chitrakar
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dave Inc.
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Annual Revenue
$347.08 M33.96as on Dec 31, 2024
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Net Profit
$57.87 M219.27as on Dec 31, 2024
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EBITDA
$42.29 M215.36as on Dec 31, 2024
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Total Equity Funding
$63.56 M (USD)
in 8 rounds
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Latest Funding Round
$100 M (USD), Post-IPO
Mar 22, 2022
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Investors
FTX
& 5 more
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Employee Count
274
as on Dec 31, 2024
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IPO & Listings of Dave
Dave is a publicly listed company on the NASDAQ with ticker symbol DAVE in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Dave
Dave offers a comprehensive portfolio of products and services, including ExtraCash, Dave Checking, Goals Account, and Side Hustle. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instant cash advances are provided without interest fees.
Checking accounts are offered with early paycheck access.
Savings accounts are provided with high interest yields.
Surveys and job opportunities are facilitated for earnings.
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Funding Insights of Dave
Dave has successfully raised a total of $63.56M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $100 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Post-IPO — $100.0M
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First Round
First Round
(04 Oct 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Post-IPO - Dave | Valuation |
investors |
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| Jan, 2021 | Amount | Debt – Conventional - Dave | Valuation |
investors |
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| Sep, 2019 | Amount | Series B - Dave | Valuation | Norwest Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dave
Dave has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include FTX, Victory Park Capital Advisors and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blank check and private debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Tech startups are funded by S32, a venture capital entity.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Dave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Dave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dave Comparisons
Competitors of Dave
Dave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chime, Stash, Albert, Umba and Yotta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking app is offered for savings, investing, and budgeting.
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| domain | founded_year | HQ Location |
Digital banking solutions are offered to individuals through mobile apps.
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| domain | founded_year | HQ Location |
Digital banking services for consumers are offered via mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Dave
Frequently Asked Questions about Dave
When was Dave founded?
Dave was founded in 2016.
Where is Dave located?
Dave is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Dave a funded company?
Dave is a funded company, having raised a total of $63.56M across 8 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Oct 04, 2016.
How many employees does Dave have?
As of Dec 31, 2024, the latest employee count at Dave is 274.
What is the annual revenue of Dave?
Annual revenue of Dave is $347.08M as on Dec 31, 2024.
What does Dave do?
Financial solutions are offered by Dave through a mobile banking app designed to simplify personal finances. Services include instant cash advances via ExtraCash, checking accounts with early paycheck access, high-yield savings accounts, and income opportunities through surveys and job applications. The platform targets individuals seeking accessible financial tools without hidden fees, operating in the digital banking and fintech sector.
What products or services does Dave offer?
Dave offers ExtraCash, Dave Checking, Goals Account, and Side Hustle.
Is Dave publicly traded?
Yes, Dave is publicly traded on NASDAQ under the ticker symbol DAVE.
Who are Dave's investors?
Dave has 6 investors. Key investors include FTX, Victory Park Capital Advisors, Norwest Venture Partners, Mark Cuban, and S32.
What is Dave's ticker symbol?
The ticker symbol of Dave is DAVE on NASDAQ.
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