Dave is a mobile-only neobank targeting Americans who live paycheck to paycheck. Dave's core product is ExtraCash, a short-term cash advance of up to $500 that members use to cover everyday expenses between paychecks. ExtraCash requires no credit check or FICO score, charges a flat 5% fee (minimum $5), and has an average advance of around $210 repaid in roughly 11 days. Dave also offers a free demand deposit account — Dave Checking — accessible via a Mastercard debit card, which complements ExtraCash by enabling instant, free advance transfers. Dave generates revenue through three sources: ExtraCash service fees (the dominant driver), interchange and deposit income from Dave Checking, and a $3/month membership fee. Dave's underwriting is powered by CashAI, a proprietary AI model trained on over 180 million ExtraCash originations, using real-time cash flow data rather than FICO scores. The short loan duration creates rapid repayment feedback that continuously retrains CashAI, improving risk segmentation and enabling higher approval amounts. With roughly 280 employees and no physical branches, Dave operates with high fixed-cost leverage. Dave acquires members primarily through digital and TV advertising, supplemented by word-of-mouth (historically about a third of new members), at a CAC of roughly $19. Dave's growth strategy focuses on member acquisition, deepening ExtraCash utilization, and cross-selling the Dave Debit Card to drive higher ARPU. Dave is also developing a BNPL product targeted for testing in Q1 2026.