Dave is a fintech app that provides free or low-cost banking features to help people manage money more easily. Its mobile app offers cash advances on upcoming paychecks with no interest or credit checks, a debit card backed by a partner bank, and services like Side Hustle and LevelCredit to boost income and credit. Unlike many peers, Dave focuses on fee-free basics for lower- and middle-income users, avoiding overdraft, minimum balance, and ATM fees, while charging for optional subscriptions and add-ons. Its goal is to help users avoid common banking costs and improve financial stability through simple, accessible tools.
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Company Size
501-1,000
Company Stage
IPO
Headquarters
Los Angeles, CA
Founded
2016
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Did you lose money on Dave, Inc. stock? The Law Offices of Howard G. Smith announces securities fraud investigation after 18.11% share price decline. Investigation comes after a November 4, 2026 report concerning Dave, Inc.; shareholders who suffered losses may have claims to recover them BENSALEM, Pa.-(BUSINESS WIRE)-Investors who suffered losses on Dave, Inc. ("Dave" or the "Company") stock may have claims to recover those losses. The Law Offices of Howard G. Smith today reported that it is conducting a securities fraud investigation on behalf of Dave, Inc. (NASDAQ: DAVE) investors into whether the Company may have violated the federal securities laws. The investigation comes after a November 4, 2026 disclosure concerning Dave, Inc. Investors with losses on Dave, Inc. securities can contact The Law Offices of Howard G. Smith about the Dave, Inc. investigation to learn about potentially pursuing claims to recover their losses. Key facts for Dave, Inc. investors * Disclosure: November 4, 2026 * Stock drop: $60.88 per share, or 18.11% * Close after the drop: $275.34 on November 5, 2026 What happened? On November 4, 2026, Dave disclosed that it had received subpoenas and inquiries from government departments in Connecticut, Maryland, and New York. Among other things, the Company disclosed it received subpoenas from the New York State Department of Financial Services and the New York Attorney General requesting information regarding its products and services. On this news, Dave stock fell $60.88 or 18.11%, to close at $275.34 on November 5, 2026, thereby injuring investors. "On November 4, 2026, it was reported that Dave had received subpoenas and inquiries from government departments in Connecticut, Maryland and New York, including from the New York State Department of Financial Services and the New York Attorney General, regarding its products and services, and Dave, Inc. stock lost 18.11% of its value. Our investigation is focused on whether shareholders had the full story before that report," said Howard G. Smith of The Law Offices of Howard G. Smith. Next steps for Dave, Inc. investors The Law Offices of Howard G. Smith is examining potential claims on behalf of Dave, Inc. investors. Investors with losses can visit the firm's website, email [email protected], or call (215) 638-4847 to discuss the Dave, Inc. investigation. Common questions from Dave, Inc. investors Who is eligible? Dave, Inc. investors who bought securities and lost money may have claims, and can reach out to the firm to learn whether the Dave, Inc. investigation affects them. What is a securities fraud investigation? Through the Dave, Inc. investigation, The Law Offices of Howard G. Smith is reviewing whether the Company or its officers may have made false or misleading statements to investors in violation of the federal securities laws. Has a lawsuit been filed? This release announces an investigation of Dave, Inc. by The Law Offices of Howard G. Smith, not a lawsuit. If a securities class action is later filed, Dave, Inc. investors may be able to seek appointment as lead plaintiff. Does it cost anything? The Law Offices of Howard G. Smith works on contingency, meaning Dave, Inc. investors owe no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid solely from a recovery, if achieved, and require court approval. Whistleblower notice Individuals with non-public information about Dave, Inc. should consider their options to help the investigation or take part in the SEC Whistleblower Program. Whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Howard G. Smith at (215) 638-4847 or email [email protected]. About The Law Offices of Howard G. Smith The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question. Prior results do not guarantee a similar outcome. Contacts. Howard G. Smith The Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Email: [email protected] Telephone: (215) 638-4847 www.howardsmithlaw.com The Law Offices of Howard G. Smith. NASDAQ:DAVE Release Versions Howard G. Smith The Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Email: [email protected] Telephone: (215) 638-4847 www.howardsmithlaw.com
Dave Inc. will report third-quarter 2026 results on November 4, after market close. Analysts expect higher revenues and earnings per share. The Zacks Consensus Estimate puts revenues at $191.15 million, up 26.76% year over year. Earnings are expected at $4.45 per share, up 4.95%. In the second quarter, Dave posted adjusted earnings of $4.12 per share, up 48% from a year earlier. Revenues rose 30% to $170.8 million. Dave raised its full-year 2026 revenue guidance to $725 million-$735 million. Investors will watch member growth, credit quality, and margins, as higher marketing and product spending may limit operating leverage.
New Montco group wants to protect you from getting scammed. County officials say the collaboration may be the first of its kind and is particularly important as some companies prey on those who are struggling. by Erin McCarthy Published Sept. 28, 2026, 2:52 p.m. ET Listen to article - 3:15 min Montgomery County officials are starting a new consumer protection collaboration and taking on cash-advance apps in one of its first cases. Montgomery County District Attorney Kevin R. Steele and the Montgomery County Board of Commissioners announced the effort Monday, saying that the solicitor's office and district attorney's office would work together to investigate issues that impact the finances, health, and well-being of residents. "When companies engage in unlawful or deceptive conduct that harms our residents, we will use every available tool to hold them accountable," Steele said in a statement. "This is the first long-term partnership on consumer protection that we're aware of," Montgomery County Commissioner Neil K. Makhija said in an interview. He added that it is particularly important given continued economic uncertainty. "People are struggling to cover everyday needs," Makhija, a public interest attorney, said. "Some companies see that and they see an opportunity to make a profit." Some digital lending apps are among those companies, according to Montgomery officials. Traditional payday lending involves taking out a short-term, high-interest loan due on a consumer's next payday. The practice is illegal in many states, including Pennsylvania and New Jersey. But Montgomery County officials say some apps continue to give out similar loans, disguised as interest-free cash advances. On Monday, the county district attorney's office filed two lawsuits against the apps MoneyLion and Dave, alleging that the companies provide short-term cash advances and then tack on fees, tips, and other charges so they effectively function as high-interest loans, violating Pennsylvania law. Spokespeople for MoneyLion and Dave did not immediately return requests for comment. More than a million Pennsylvanians have used these apps, Makhija said, and officials hope to learn through the lawsuits how many Montgomery County residents have been impacted. Suits such as these can result in financial settlements or orders to stop illegal practices, the commissioner said. "The reason this is so powerful is that we are not bound by the fine print" that consumers often agree to when they sign up for these apps, Makhija said. "Consumers today unknowingly are waiving their rights to a jury trial... what we are able to do is take action on behalf of the Commonwealth by our district attorney." The county accounted for this effort in its 2026 budget for the district attorney's office. "These cases pay for themselves: You're addressing harm and you're able to recover funds to continue the work," Makhija said. "This is not a cost sink for the county." As part of the consumer-protection collaboration, Montgomery County also sued some of the country's largest social media companies over youth mental health impacts, and joined other local districts attorney in a suit against online ticket-reseller Vivid Seats over hidden fees. Montgomery County residents can email [email protected] with tips about ongoing cases or other issues, Makhija said. Erin McCarthy As the Consumer Reporter, I tell stories about how Philadelphians are spending their money.
Dave and dLocal are both profitable fintech companies with strong growth, but they serve different markets. Dave is a US consumer neobank focused on cash-flow tools, whilst dLocal provides payments infrastructure for emerging markets. Dave's Q2 revenue rose 30% year-over-year to $170.8 million, with adjusted EBITDA up 48% to $75.5 million. New members increased 32% to 951,000. However, the company relies heavily on US consumer credit and faces regulatory considerations. dLocal's Q2 showed faster growth, with payment volume surging 92% to $17.7 billion and revenues up 56% to approximately $400 million. Net revenue retention reached 153%. The company raised its 2026 guidance and operates across multiple emerging markets. dLocal trades at a forward price-to-sales of 2.41 times, below its one-year median, whilst Dave trades at 5.45 times, above its median. Analysts view dLocal as offering a more attractive risk-reward profile currently.
Dave Inc. rolled out CashAI V6, its latest underwriting model, to roughly one-third of its user base by August, aiming to boost profitability whilst controlling losses. The model uses more than 700 features, including nearly 400 new ones, and is trained on approximately 215 million originations. In the second quarter of 2026, Dave's annualised revenue per monthly transacting member rose 11% year-over-year and 5% sequentially. Total revenues climbed 30% to $170.8 million. ExtraCash originations reached $2.3 billion in the quarter, up 27% year-over-year, while the 28-day past-due rate improved 14 basis points to 2.12%. Dave added 951,000 new members at a $19 customer acquisition cost, lifting monthly transacting members 17% to 3.08 million. Management plans to raise ExtraCash limits above $500 and expects nearly all members to have either no fee cap or a $20 cap by late August.
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Industries
Company Size
501-1,000
Company Stage
IPO
Headquarters
Los Angeles, CA
Founded
2016
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs