Dave Inc. Appoints Nima Khajehnouri to Board of Directors; Announces Board Leadership Transitions
Dave Inc. (Nasdaq: DAVE) has appointed Nima Khajehnouri, a distinguished leader in AI and data engineering, to its Board of Directors and Audit Committee. This appointment follows a strategic search to enhance the company's technical leadership, with Imran Khan stepping down from the board. Additionally, Mike Pope has been named Lead Independent Director and Andrea Mitchell will chair the Nominating and Corporate Governance Committee, reflecting planned board evolution and strengthening governance.
Dave Inc. Appoints Nima Khajehnouri to Board of Directors; Announces Board Leadership Transitions
Dave Inc. (Nasdaq: DAVE) has appointed Nima Khajehnouri, a distinguished leader in artificial intelligence and data engineering, to its Board of Directors, effective immediately. Khajehnouri, who currently serves as Vice President of Engineering at Meta, will also join the Company's Audit Committee. Additionally, Dave Inc. announced several Board leadership transitions, including Mike Pope's appointment as Lead Independent Director and Andrea Mitchell's appointment as Chair of the Nominating and Corporate Governance Committee.
Dave Inc. Appoints Nima Khajehnouri to Board of Directors, Enhancing Technical Leadership and Innovation
Dave Inc. has appointed Nima Khajehnouri, an expert in AI and data engineering from Meta, Google, and Snap, to its Board of Directors and Audit Committee. This strategic move aims to strengthen the neobank's technical leadership and innovation, particularly in leveraging AI for financial services. The appointment coincides with Imran Khan's departure from the Board and other leadership changes, including Mike Pope becoming Lead Independent Director and Andrea Mitchell leading the Nominating and Corporate Governance Committee.
Dave Inc. Appoints Nima Khajehnouri to Board of Directors; Announces Board Leadership Transitions
Dave Inc. has appointed Nima Khajehnouri, an expert in artificial intelligence and data engineering, to its Board of Directors, where he will also serve on the Audit Committee. This appointment leads to Imran Khan stepping down from the Board. Additionally, Dave Inc. announced Mike Pope as the new Lead Independent Director and Andrea Mitchell as Chair of the Nominating and Corporate Governance Committee, reflecting a strategic evolution of its leadership team.
Meta, Google, Snap veteran joins Dave board as neobank leans on AI
Dave Inc. has appointed Nima Khajehnouri, an experienced engineering leader from Meta, Google, and Snap, to its Board of Directors, effective January 20, 2026. Khajehnouri will serve on the Audit Committee, bringing expertise in AI and data engineering to strengthen Dave's technical leadership. This appointment coincides with Imran Khan stepping down and other board leadership changes, including Mike Pope becoming Lead Independent Director.
Price Over Earnings Overview: Dave
Dave Inc. (NASDAQ: DAVE) recently saw a 0.67% stock spike, contributing to a 3.38% increase over the past month and a 124.85% rise over the past year. With a P/E ratio of 21.23, it is lower than the Consumer Finance industry's aggregate P/E of 32.24, which could suggest undervaluation or weaker growth prospects. Investors are advised to use the P/E ratio cautiously and consider other financial metrics and qualitative factors for comprehensive analysis.
Dave Inc (DAVE) director discloses 10b5-1 insider stock sales by funds
A director at Dave Inc. (DAVE) has reported indirect sales of Class A Common Stock on December 16, 2025, through affiliated funds, Proem Investments Master Fund LP and Proem Special Situations Fund I, LP. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025, with shares sold at weighted average prices between $189.37 and $198.94. Following these sales, the funds now indirectly hold 18,789 and 18,735 shares, respectively.
Dave Inc. (DAVE) director Imran Khan discloses planned insider share sales
Dave Inc. director Imran Khan reported multiple open-market sales of the company's Class A common stock on December 15 and 16, 2025, executed through investment funds and under a pre-arranged Rule 10b5-1 trading plan. The shares were sold at weighted average prices ranging from approximately $189.08 to $200.03 per share. Following these transactions, Khan beneficially owns 22,886 shares indirectly through Proem Investments Master Fund LP and 33,473 shares indirectly through Proem Special Situations Fund I, LP.
Dave Cash Advance fees and interest rate lawsuit investigation
A law firm is investigating potential claims against Dave, a financial technology company, following a lawsuit filed by the FTC and DOJ. The investigation focuses on allegations that Dave misled consumers about cash advance amounts, charged hidden fees, used deceptive "tips," misrepresented charitable donations, and made account cancellation difficult. Consumers who used the Dave app and experienced these issues may be eligible for compensation through arbitration.
Dave Q3 2025 Earnings Report: Record Revenue & Profit Growth - News and Statistics
Dave (NASDAQ:DAVE) reported strong Q3 2025 earnings, with revenue reaching $150.8 million, surpassing Wall Street expectations by 13% and representing a 63% year-on-year growth. The company also announced a non-GAAP profit of $4.24 per share, significantly above analyst estimates, and provided an optimistic full-year revenue guidance. This performance highlights the continued strength of customer demand for its digital financial services and platform scalability.
Dave Inc. Appoints Parker Barrile as Chief Product Officer
Dave Inc. has appointed Parker Barrile as Chief Product Officer, effective November 10, 2025. Barrile, with experience from Prosper, LinkedIn, and as a former investor and board member for Dave, will lead product, design, and operations, aiming to expand financial offerings and enhance AI capabilities. This strategic hire is expected to drive innovation and growth for the neobank.
Dave (DAVE) Is Up 13.9% After Shifting to Flat Fees and Signaling Stronger 2025 Profitability - Has The Bull Case Changed?
Dave Inc. (DAVE) shares rose 13.9% after the company shifted to a flat $5 fee structure, which has increased profitability per loan and strengthened its fintech platform. Management guidance points to significant EBITDA growth for 2025, suggesting sustained profitability and adaptability amid regulatory scrutiny. This article reviews how the transparent fee structure could boost confidence in Dave Inc.'s growth and earnings trajectory.
Dave Inc. to Host Conference Call on November 4, 2025 to Discuss Q3 Financial Results
Dave Inc. (Nasdaq: DAVE) will host a conference call on November 4, 2025, at 8:30 a.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2025. The results will be released in a press release earlier the same day. Management will host the call, followed by a question-and-answer session, and the call will be available for replay on the company's website.
Insider Sale: CFO and COO and Secretary of $DAVE Sells 400 Shares
Kyle Beilman, the CFO, COO, and Secretary of DAVE, sold 400 shares of the company on September 19, 2025, for an estimated $92,400. This sale represents approximately 0.3% of his holdings, leaving him with 154,051 shares. The article also details recent insider trading activity, hedge fund movements, and analyst ratings for DAVE.
Insider Sale: Director at $DAVE Sells 1,170 Shares
Imran Khan, a director at DAVE, sold 1,170 shares of the company stock for an estimated $256,452 on September 17, 2025. This sale represents approximately 2.3% of their holdings, leaving them with 49,685 shares. The article also details recent insider trading activity by other DAVE executives, hedge fund movements, and analyst ratings and price targets for the stock.
Dave Inc. director Khan sells $1.86 million in shares
Dave Inc. director Imran Khan sold 8,535 shares of Class A Common Stock for a total of $1.86 million on September 17, 2025, through a Rule 10b5-1 trading plan. These sales occurred at prices between $216.29 and $221.75, following a year of significant stock growth. The company has also reported strong Q2 earnings and an increased share repurchase authorization.
Dave Inc. director Khan sells $8.7 million in shares
Dave Inc. director Imran Khan indirectly sold $8.7 million worth of Class A Common Stock on September 16 and 17, 2025, through a pre-arranged 10b5-1 trading plan. These sales involved 40,360 shares at prices ranging from $207.49 to $222.00, following a significant surge in Dave's stock and strong financial performance.
Fintech Pioneer Dave Maintains Current Plaid Pricing Despite Major JPMorgan Data Access Agreement
Dave (NASDAQ:DAVE) announced that the new data access agreement between Plaid and JPMorgan will not impact Dave's existing agreement or pricing structure with Plaid. CEO Jason Wilk stated this is a "huge win for consumers" who rely on fintech services for innovative products using cash flow data. Dave, a leading U.S. neobank, continues to provide banking services to millions of Americans using disruptive technologies.
Dave Inc. CEO Wilk sells $4.2m in shares
Dave Inc. CEO Jason Wilk sold approximately $4.2 million worth of Class A Common Stock across multiple transactions on September 12 and 15, 2025, executed at a price of $230.01 per share under a Rule 10b5-1 trading plan. The shares sold were simultaneously acquired through the conversion of Class V Common Stock. This news follows strong Q2 2025 earnings for Dave Inc., exceeding analyst expectations and leading to raised price targets, despite investor concerns over rising delinquency rates.
Dave Introduces CashAI v5.5
Dave Inc. has announced the full implementation of CashAI v5.5, an advanced version of its AI-driven cash flow underwriting engine. This update significantly enhances the system's ability to assess credit risk by nearly doubling its feature set and optimizing for Dave's new fee structure, based on over 7 million recent ExtraCash™ originations. The company anticipates that v5.5 will lead to expanded access to ExtraCash™ for members, improved credit performance, and gross profit expansion, with full benefits expected in Q4 and beyond.
Dave Inc. Launches Enhanced CashAI v5.5, Improving Credit Access and Financial Performance for Members
Dave Inc. has fully implemented CashAI v5.5, an advanced AI-driven cash flow underwriting engine, to enhance credit access and financial performance for its members. The updated model, trained on over 7 million ExtraCash™ originations, offers more accurate risk assessments, leading to higher approval amounts and reduced delinquency rates. Dave anticipates modest benefits in Q3 2025, with full advantages expanding into Q4, reinforcing its competitive advantage in consumer credit underwriting.
Dave Introduces CashAI v5.5
Dave Inc. has launched CashAI v5.5, an enhanced version of its AI-driven cash flow underwriting engine. This new iteration nearly doubles the feature set, was trained on over 7 million recent ExtraCash™ originations, and aims to improve credit outcomes by increasing approval amounts, boosting conversion, and reducing delinquency rates. The company expects a full positive impact on credit performance and gross profit expansion by the fourth quarter of 2025.
Wilk Jason, CEO of Dave Inc., sells $1.5m in shares
Jason Wilk, CEO of Dave Inc. (NASDAQ:DAVE), sold 7,557 shares of Class A Common Stock for over $1.5 million on September 4, 2025. This transaction follows a significant surge in Dave Inc.'s stock and a strong second-quarter earnings report that surpassed analyst expectations. The company also recently increased its share repurchase authorization.
Dave Inc. CFO Beilman sells $712k in Class A common stock
Dave Inc. CFO and COO Kyle Beilman sold 3,571 shares of Class A Common Stock for approximately $712,156 on September 4, 2025, primarily to satisfy tax obligations. The sales occurred across three transactions with prices ranging from $199.42 to $201.95. This comes after Dave Inc. reported strong Q2 2025 earnings, surpassing analyst expectations, and subsequently raised its full-year revenue guidance.
Dave Inc at Canaccord Conference: Strategic Growth and Innovation
Dave Inc presented at Canaccord Genuity’s 45th Annual Growth Conference, highlighting significant Q2 revenue growth of over 60% to $131 million and a near 300% surge in EBITDA to over $50 million. The FinTech company emphasized its AI-driven Cache AI system maintaining low loss rates and its expansion into a Buy Now, Pay Later (BNPL) offering, alongside a new share repurchase authorization of $125 million. CEO Jason Wilk discussed how their unique approach to consumer credit, without requiring direct deposits, and a lean, digital-first operational model allows them to serve a broad market profitably with significantly lower customer acquisition costs compared to competitors.
Dave Inc. Expands Share Repurchase Authorization to $125 Million Following Strong Buyback Activity
Dave Inc. announced an increase in its share repurchase authorization to $125 million, replacing a previous $50 million authorization. The company has already deployed approximately $25 million in repurchases since August 6th and over $45 million year-to-date, reflecting confidence in its outlook and commitment to disciplined capital allocation. Dave intends to continue opportunistic repurchases based on market conditions and business performance.
Dave Inc. Expands Share Repurchase Authorization to $125 Million Following Strong Buyback Activity
Dave Inc. has increased its share repurchase authorization to $125 million, replacing a previous $50 million authorization. The company has already deployed approximately $25 million in repurchases since its second-quarter earnings report and invested over $45 million year-to-date in buybacks and RSU net settlements. This move reflects management's confidence in Dave's positive outlook, strong balance sheet, and commitment to disciplined capital allocation.
Dave Inc. Announces Participation in Upcoming Investor Conferences in August 2025
Dave Inc., a leading U.S. neobank, announced its participation in several investor conferences in August 2025. The company will present and host one-on-one meetings at the Oppenheimer 28th Annual Technology, Internet & Communications Conference, engage in a fireside chat at the Canaccord Genuity 45th Annual Growth Conference, and hold virtual meetings at the 7th Annual Needham FinTech & Digital Transformation Conference. This engagement aims to enhance investor visibility and foster relationships within the financial community.
Dave Inc. to Host Conference Call Discussing Q2 2025 Financial Results on August 6
Dave Inc. will host a conference call on August 6, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ending June 30, 2025. The company will release its financial results via a press release before the call, which will include a Q&A session with management. A replay and transcript will be available on the company's website.
Dave App Hit With 600 Consumer Claims: Hidden Fees and Misleading Practices Exposed by FTC
Over 600 consumers have filed arbitration claims against Dave (NASDAQ: DAVE) for alleged misleading marketing and hidden fees associated with its ExtraCash product. These claims, filed through Janove PLLC, assert that Dave broke promises of "no hidden fees" and "instant cash advances," instead charging unexpected subscriptions, coercing "tip" payments, and withholding funds. This legal challenge follows lawsuits filed by the FTC and DOJ in late 2024 accusing Dave of deceptive marketing and unfair recurring fees, highlighting a broader scrutiny of fintech practices targeting vulnerable consumers.
Dave Inc. Executives Sell Shares Worth Over $48 Million
Three executives at Dave Inc. have sold over $48 million worth of Class A Common Stock. CEO Jason Wilk sold shares totaling over $38 million, CFO Kyle Beilman sold shares exceeding $7.4 million, and Director Michael W. Pope sold shares worth over $3.2 million, all under Rule 10b5-1 trading plans. These transactions significantly reduced their direct share ownership in the company.
Dave Inc. Announcement: If You Have Suffered Losses in Dave
The Rosen Law Firm is encouraging investors who suffered losses in Dave Inc. (NASDAQ: DAVE) to contact them regarding a potential securities class action lawsuit. This comes after the Justice Department and FTC announced a civil enforcement action against Dave Inc. and its CEO for alleged violations related to deceptive advertising, hidden fees, and misrepresentation of customer tips. Dave's share price fell 8% following this news on December 31, 2024.
Dave Inc. Announcement: If You Have Suffered Losses in Dave
The Rosen Law Firm is investigating potential securities claims against Dave Inc. (NASDAQ: DAVE) due to allegations of materially misleading business information and deceptive advertising practices. This follows a civil enforcement action by the Justice Department and FTC against Dave Inc. and its CEO for alleged violations, which caused an 8% drop in Dave's share price. Investors who purchased Dave securities are encouraged to contact The Rosen Law Firm regarding a prospective class action to recover losses.
Rosen Law Firm Encourages Dave Inc. Investors to Inquire About Securities Class Action Investigation - DAVE
The Rosen Law Firm is investigating potential securities claims on behalf of Dave Inc. (NASDAQ: DAVE) shareholders following allegations that the company issued materially misleading business information. This investigation comes after the Justice Department and FTC filed a civil enforcement action against Dave Inc. and its CEO, Jason Wilk, for allegedly misleading consumers with deceptive advertising, hidden fees, and misrepresentations about customer tips and cancellation processes. As a result of these revelations, Dave's share price dropped 8% on December 31, 2024.
Rosen Law Firm Encourages Dave Inc. Investors to Inquire About Securities Class Action Investigation - DAVE
The Rosen Law Firm is investigating potential securities claims against Dave Inc. (NASDAQ: DAVE) following a civil enforcement action by the Justice Department and FTC alleging misleading business practices. Investors who purchased Dave securities may be entitled to compensation through a class action lawsuit, which seeks to recover losses stemming from the alleged issuance of materially misleading business information. Dave's stock price fell 8% after the announcement of the government's lawsuit on November 12, 2024.
Dave Inc. Announcement: If You Have Suffered Losses in Dave
The Rosen Law Firm is investigating potential securities claims against Dave Inc. (NASDAQ: DAVE) following a civil enforcement action by the Justice Department and FTC. The lawsuit alleges misleading advertising, hidden fees, misrepresentation of customer tips, and charging recurring fees without an easy cancellation process, which led to an 8% drop in Dave's share price on December 31, 2024. Shareholders who purchased Dave securities are encouraged to contact The Rosen Law Firm to potentially join a class action suit for compensation.
Dave Inc. Investor News: If You Have Suffered Losses in
The Rosen Law Firm is investigating potential securities claims against Dave Inc. (NASDAQ: DAVE) following allegations from the Justice Department and FTC regarding deceptive advertising, hidden fees, and misrepresentation of customer tips. The lawsuit claims Dave Inc. misled consumers, leading to an 8% drop in its share price on December 31, 2024. Investors who purchased Dave securities are encouraged to contact The Rosen Law Firm to inquire about joining a prospective class action to recover losses.
Dave Inc. Authorizes $50 Million Share Repurchase Program to Enhance Shareholder Value
Dave Inc. has announced a $50 million share repurchase program for its Class A common stock, reflecting the company's confidence in its financial strength and growth potential. The program, without a fixed expiration date, aims to enhance shareholder value through various repurchase methods based on market conditions. CFO Kyle Beilman highlighted the program as an effective capital allocation tool given the company's current valuation and optimistic outlook for cash generation.
Dave Inc. Announces $50 Million Share Repurchase Authorization
Dave Inc. announced that its Board of Directors has authorized a share repurchase program worth up to $50 million of its Class A common stock. The program, which has no fixed expiration date, reflects the company's confidence in its financial strength, growth potential, and ability to generate free cash flow, aiming to enhance shareholder value. Dave expects to begin repurchasing shares imminently, subject to market conditions and other strategic considerations.
DAVE Investor News: Rosen Law Firm Encourages Dave Inc. Investor
The Rosen Law Firm is investigating potential securities claims on behalf of Dave Inc. (NASDAQ: DAVE) shareholders due to allegations of materially misleading business information and deceptive practices. This follows a civil enforcement action by the Justice Department and FTC against Dave Inc. and its CEO, Jason Wilk, concerning misleading advertising, hidden fees, and misrepresentations. Dave's share price fell 8% on December 31, 2024, after this news, and investors are encouraged to join a prospective class action.
Dave Inc. Announces Simplified 5% Fee Structure for ExtraCash Service
Dave Inc. has updated its ExtraCash service fee structure to a simplified 5% fee, with a $5 minimum and $15 cap, replacing the previous optional tips model. This change, which has received positive early feedback, aims to enhance member experience and will be fully implemented for all members in early 2025. The company also confirmed that transfers from ExtraCash to Dave Checking accounts will incur no additional fees.
Inside Dave's New Pricing Strategy: 5% Fee Replaces Tips - What Changes for 4M+ Users?
Dave Inc. (Nasdaq: DAVE) has transitioned from its optional 'Tips' model to a fixed 5% fee structure for its ExtraCash service, with a $5 minimum and $15 cap per transaction. This strategic move eliminates instant transfer fees to Dave Checking accounts and aims to improve revenue predictability and customer lifetime value, while early testing shows positive member feedback.
DAVE Investor News: Rosen Law Firm Encourages Dave Inc. Investors to Inquire About Securities Class Action Investigation - DAVE
The Rosen Law Firm has initiated an investigation into potential securities claims on behalf of Dave Inc. (NASDAQ: DAVE) shareholders. This follows allegations that Dave Inc. issued materially misleading business information, particularly concerning a civil enforcement action by the Justice Department and FTC regarding deceptive advertising, hidden fees, and misleading practices with customer tips and monthly fees. Dave's share price dropped 8% after this news.
DOJ Amends Complaint Against Online Bank Dave Inc. - Investors of Dave Inc. Stock Urged to Contact Kehoe Law Firm, P.C. - DAVE
Kehoe Law Firm, P.C. is investigating potential class action securities claims against Dave Inc. following amendments by the DOJ to the FTC's lawsuit. The complaint alleges that Dave and its CEO, Jason Wilk, engaged in deceptive practices, including hidden fees and misleading app interfaces that encouraged substantial tips. Dave Inc. stock experienced a more than 10% decline in intraday trading after the news broke.
FTC Continues to Go After Online Cash Advance Providers
The FTC has filed a complaint against Dave, Inc. for deceptive advertising, undisclosed fees, misleading "tips," and unauthorized subscription renewals related to its online cash advance services. This action follows similar complaints against Brigit and FloatMe, demonstrating the FTC's ongoing efforts to regulate online cash advance providers and enforce consumer protection laws like the FTC Act and ROSCA. The FTC has successfully secured refunds for consumers from previous cases, signaling continued scrutiny in this sector.
Dave (DAVE) Partners with Major Bank to Expand Services for 11M Members
Dave Inc. (Nasdaq: DAVE) has signed a non-binding letter of intent with a publicly-traded sponsor bank to expand its ExtraCash product origination, manage deposit accounts, issue debit cards, and provide ACH processing. This partnership aims to diversify Dave's commercial relationships and enhance banking services for its over 11 million members. The final agreement is subject to definitive negotiations, after which the sponsor bank's identity will be announced.
Dave Announces Letter of Intent to Enter into Strategic Partnership with Leading Sponsor Bank
Dave Inc. announced a non-binding letter of intent for a strategic partnership with a leading, publicly-traded sponsor bank. This partnership aims to expand Dave's ExtraCash product, manage member deposit accounts, issue debit cards, and develop new banking and credit products. The collaboration will support Dave's mission of providing accessible financial services to everyday Americans.
Dave Inc. to Make Nasdaq Debut in January
Dave Inc., a West Hollywood-based fintech company, is set to go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022 after its merger with SPAC VPC Impact Acquisition Holdings III Inc. The merger values the company at $4 billion, and its Class A common stock and warrants are expected to begin trading on or about January 6. Dave, known for helping consumers avoid overdraft fees and offering low-cost banking alternatives, has over 11 million users and reported significant revenue growth in Q3 2021.
The Dave App Promises Low-Cost Cash Advances—What’s the Catch?
The Dave app offers cash advances up to $100 for a $1 monthly fee, seemingly a low-cost alternative to payday loans. However, experts highlight that its optional "tipping system" and the effective APR it creates, along with a 2020 data breach and pending class-action lawsuit, raise concerns about its transparency and security. While it can help avoid missed bill payments, users are cautioned against viewing it as free money or a primary financial solution.
