‘We’re alive and kicking’: CEO of banking application Dave desires to dispel uncertainties immediately after this year’s 97% inventory plunge

Essential Points

Cell banking application company Dave has sufficient funds to endure the latest downturn for fintech corporations and reach profitability a calendar year from now, according to CEO Jason Wilk.
“We are hoping to dispel the myth of, ‘Hey, this firm does not have more than enough cash to make it through’,” Wilk said. “We believe that could not be even further from the fact.”
Dave has $225 million in funds and shorter-expression holdings as of Sept. 30, which Wilk says is plenty of to fund operations until finally they are generating income.

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