FinTech Minute: Dave.com

Financial Solutions Lab

More than 25% of Americans overdrafted in the last 12 months, and 10% of those overdrafted more than 8 times. Yet the vast majority of overdrafts happen on small purchases — like a recurring Netflix subscription or takeout. Dave.com, a FinLab winner from the class of 2017, offers a simple solution to this problem by notifying users of potential overdrafts before they happen, and it can provide an instant advance at 0% interest to prevent them from occurring. Here’s Dave co-founder Jason Wilk.

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