Assessment
Dave is used by US consumers who run short between paychecks and want a small advance instead of an overdraft or payday loan. Its ExtraCash product advances up to $500 with no credit check, interest, or late fees, and members can also open a checking account through Coastal Community Bank and other partner banks. Each advance carries a fee of 5% or $5, whichever is greater, which puts it in the middle of the cash advance market on price, and its closest competitors are EarnIn, MoneyLion, Brigit, and Chime.
Jason Wilk co-founded Dave in 2017 and leads it as chief executive. It went public on Nasdaq in January 2022. In the quarter to June 2026 it reported revenue of $170.8M, up 30%, net income of $6.7M, and 3.08 million monthly transacting members. ExtraCash originations grew 27% to $2.3B in the quarter, and the share of advances 28 days past due improved to 2.12%. The company is defending a federal lawsuit, first brought by the FTC and now led by the Department of Justice, over how ExtraCash was marketed.
It fits a US worker with regular income who wants a fast, small advance and a simple bank account in one app. It is a weaker fit for someone who needs more than $500 or wants to build credit with a traditional loan, and a member should compare the 5% fee with free earned-wage access offered through some employers.
Rating by criterion
We score each of the eight criteria out of 100.
Sector criteria
Use it for small gaps between paychecks. ExtraCash advances up to $500, and the CashAI model looks at more than 180 data points, such as income and spending, in place of a credit score.
Expect money fast. Dave says ExtraCash can arrive in five minutes or less, instant transfers to a Dave checking account cost nothing extra, and average settlement is about 12 days.
Repay on the agreed date. There are no late fees or interest, and Dave manages risk through its underwriting, with 2.12% of advances 28 days past due in the June 2026 quarter.
Expect to work inside its app. Dave links to your existing bank account to judge eligibility, and its budgeting and account tools live in the Dave app.
Vendor criteria
The product line is widening. Dave added Dave Flex, a pay-in-four credit card, in early testing in April 2026, alongside checking, a goals account, and its DaveGPT assistant.
Sign-up takes minutes in the app. Support runs mostly through the app and DaveGPT, which can set up direct deposit and manage advances.
Know the fee before you advance. ExtraCash costs the greater of $5 or 5% of the amount, and Dave removed the old fee cap for some members in 2026.
Read the membership terms. Dave charges a subscription, and the FTC and Department of Justice case concerns how fees and the membership were presented.
Against its peers
These are the other companies in lending and credit infrastructure, with their ratings.
User comments
We read Dave’s June 2026 quarterly results and filings to see what members value, and set them against the main limit a member meets.
- Upside
- Downside
Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation.
Based on: Dave, second quarter 2026 results; Dave, quarterly report for June 2026.
Fact file
| Legal entity | Dave Inc. |
|---|---|
| Chief executive | Jason Wilk, founder |
| Revenue, June 2026 quarter | $170.8M, up 30% |
| Monthly transacting members | 3.08 million, up 17% |
| ExtraCash originations | $2.3B in the quarter |
| Partner banks | Coastal Community Bank and Evolve Bank & Trust |
Competitive landscape
Cash advance and banking apps a US consumer would compare with Dave.
Dave: 74
- Dave74
- Beforepay79
- EarnIn73
- Creditspring72
- MoneyLionNot reviewed
- BrigitNot reviewed
- ChimeNot reviewed
Comparisons
Key leadership
Jason Wilk co-founded Dave and has led it as chief executive since it started. He earlier founded the video network AllScreen.
How this review was created
This profile gives our own assessment of Dave to companies selecting a Lending & credit infrastructure provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Dave gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on November 2, 2026.
Source pages
- Dave home page: https://dave.com/ (As of November 2, 2026)
- Dave, about us: https://dave.com/about (As of November 2, 2026)
- Dave second quarter 2026 results: https://www.sec.gov/Archives/edgar/data/1841408/000119312526335119/dave-ex99_1.htm (As of November 2, 2026)
- Dave quarterly report, June 2026: https://www.sec.gov/Archives/edgar/data/1841408/000119312526335154/dave-20260630.htm (As of November 2, 2026)
- CNBC, Dave begins trading on Nasdaq: https://www.cnbc.com/2022/01/06/mark-cuban-backed-dave-begins-trading-on-nasdaq-after-completing-spac.html (As of November 2, 2026)