2024-07-03 12:20:03 ET
Summary
- Dave is a fintech company founded in 2016 by Jason Wilk, went public in late 2021 through a SPAC merger valued at $4bn.
- Dave's core product is a cash advance service with 2.2m monthly active users, generating revenue through transaction fees, tips, and subscriptions.
- Dave's potential for $10+ EPS in 2025 or 2026, driven by new subscription pricing and improved profitability levers, with a valuation estimate of over $100/share.
Dave Inc.'s Background Story
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Dave Is An Underappreciated Fintech With $10+ Of EPS Potential In 2025