'We’re alive and kicking': CEO of banking app Dave wants to dispel doubts after this year's 97% stock plunge
In this article DAVE Follow your favorite stocks CREATE FREE ACCOUNT Jason Wilk, Dave Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company got caught up in the waves rocking the world of money-losing growth companies this year after it went public in January. But Dave is not capsizing, despite a staggering 97% decline in its shares, Wilk said. "We're trying to dispel the myth of, 'Hey, this company does not have enough money to make it through,'" Wilk said. "We think that couldn't be further from the truth." Few companies embody fintech's rise and fall as much as Dave, one of the better-known members of a new breed of digital banking providers taking on the likes of JPMorgan Chase and Wells Fargo . Co-founded by Wilk in 2016, the company had celebrity backers and millions of users of its app, w...