Who owns Dave?

traditional · Los Angeles, US · Partner-bank model · custody: Custodial

short answerDave is not itself a bank. It runs on a partner-bank (BaaS) model and works with Evolve Bank & Trust and Coastal Community Bank — the licensed banks that actually hold customer deposits behind the app. Dave's most notable disclosed backers include Norwest Venture Partners and Section 32.

Is Dave a licensed bank?

No — a partner bank (Evolve Bank & Trust and Coastal Community Bank) holds the money. License detail: Partner banks (Evolve Bank & Trust, moving to Coastal Community Bank: new customers onboard via Coastal and existing accounts migrate within 24 months, announced March 2025).

Where is your money held?

Custody model: Custodial.

Dave runs on: Evolve Bank & Trust (BIN sponsor bank) · Coastal Community Bank (BIN sponsor bank) · Galileo (card issuing processor) · Plaid (data connectivity). Full stack on the infra map.

Who's behind Dave?

Dave was founded by Jason Wilk (2016), headquartered in Los Angeles, US.

Early investors

Notable venture and strategic investors from Dave's publicly disclosed funding rounds (Public (DAVE)).

Norwest Venture Partners ↗

Section 32 ↗

Is my money safe with Dave?

Your money is held by Evolve Bank & Trust and Coastal Community Bank, so any deposit insurance flows through that sponsor bank — not Dave itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Dave profile with every verified field, or Dave alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.