Tuesday, October 1, 2019

Dave Finds $50M For Mobile Money Management

Los Angeles-based Dave, a fintech startup which offers up tools that helps users track their spending and avoid overdraft fees, has raised $50M more in a funding round, according to the company. The funding apparently values Dave at $1 billion. The new funding came from Norwest Venture Partners. Dave--which is led by co-founder and CEO Jason Wilk--offers up a range of financial tools which run on the company's platform to help consumers with saving money. Dave says it already has 4 million users using its financial management app, with nearly 800 on its waiting list.

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