Financial Wellness Platform Dave.com Celebrates One-Year Anniversary of its Revamped Job Finder, SideHustle
Dave has facilitated nearly 3 million job applications since relaunching SideHustle in September 2020
LOS ANGELES–(BUSINESS WIRE)–Dave.com, the leading challenger bank on a mission to create financial opportunity that advances America’s collective potential, celebrates the one-year anniversary of its updated SideHustle service, Dave’s one-of-a-kind platform that connects its users to thousands of work opportunities across the United States. In August, Dave was ranked as the fifth-fastest growing company in America by Inc. Magazine.
“If the last 18 months has taught us anything, it’s that people are rethinking their relationship to work. The modern worker wants independence, flexibility and choice, and SideHustle provides just that,” said Jason Wilk, co-Founder and CEO of Dave. “At Dave, we’re providing solutions to the everyday, hardworking American by helping them work on their own terms. And, we help those workers manage their money through common sense banking solutions like fee-free overdraft, budgeting tools and more,” said Wilk.
In total, since launching the platform in 2019, SideHustle has facilitated over 550,000 applications and more than $200 million extra in income in its customer’s accounts. In September 2020, SideHustle relaunched to provide job opportunities of all kinds, including gig economy work, part-time and full-time job opportunities. Since relaunching, it’s facilitated 2.87 million applications, while workers continue to recover from the pandemic.
In just five years, Dave has upended the banking industry with its suite of breakthrough financial products designed to make a meaningful impact on its customers’ lives. In total, Dave has amassed more than 11 million users with its first-to-market, innovative checking account with fee-free overdraft, credit building, expense predictions and job board, SideHustle. The company has over 200 employees with plans to grow to more than 14 million users by the end of 2021. Dave has grown a staggering 29,000% since launching four years ago.
At the height 2020’s economic downturn, while more than 23 million Americans were let go or furloughed, and stimulus checks provided short-term relief at best, Dave’s overdraft protection and SideHustle platform helped its customers pay the bills on time in addition to supplementing their income through extra work opportunities, respectively. One of every four Americans struggles to keep a $400 financial emergency fund, and Dave was created to provide a financial lifeline to those Americans who need it most.
Dave’s research shows that millions of Americans struggle to pay for everyday essentials. The majority of the population charged with overdraft fees are parents trying to pay for groceries (57%), gas (41%), or for financial emergencies like a doctor’s visit or car repair (41%). Dave serves vulnerable Americans when they need it the most.
Additionally, throughout 2020, donated $800,000 to Feeding America, with $250,000 going to their Coivd-19 Response Fund. By May of this year, that number more than doubled to nearly $5 million in contributions.
About Dave
Dave is the finance version of David and Goliath, challenging legacy banks and their $30 billion of overdraft fees. Dave is a banking app on a mission to create financial opportunity that advances America’s collective potential. Dave’s financial tools, including its debit card and spending account, help more than 10 million customers bank, budget, avoid overdraft fees, find work and build credit.
Contacts
Press
Mitchell Mevorah
[email protected]
Bevel PR
