Friday, November 29, 2024

DAVE stock | Short lending

 

Services

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Dave's main service is short-term lending. The company does not charge interest, or origination or similar fees, instead charging for expedited service and a monthly fee; to use the service, and giving the option to "tip" the company.[3][4] Lauren Saunders of the National Consumer Law Center expressed concern that some users may feel compelled to tip, resulting in it being not too different from paying interest.[5] Dave launched a banking service in 2019,[6] through a partnership with Evolve Bank & Trust.[7][8] It has a service for finding side-work called SideHustle.[9]

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