Dave Introduces CashAI v5.5
Dave (NASDAQ:DAVE), a leading U.S. neobank, has announced the full implementation of CashAI v5.5, its latest AI-driven cash flow underwriting engine. The new version nearly doubles the feature set compared to previous models and has been trained on over 7 million ExtraCash™ originations.
Early results show improved risk ranking capabilities, leading to higher approval amounts, stronger conversion rates, and lower delinquency rates compared to Q2 2025. CashAI leverages insights from 150 million ExtraCash™ originations and billions of bank transactions, creating a significant competitive advantage in consumer credit underwriting.
The company expects the full benefits of v5.5 to be reflected in Q4 2025 and beyond, with only modest impact in Q3 2025. The update aims to expand ExtraCash™ access while improving credit performance and gross profit margins.
Dave (NASDAQ:DAVE), una delle principali neobank statunitensi, ha annunciato l'adozione completa di CashAI v5.5, il suo nuovo motore di underwriting dei flussi di cassa basato sull'IA. La versione aggiornata raddoppia quasi le funzionalità rispetto ai modelli precedenti ed è stata addestrata su oltre 7 milioni di erogazioni ExtraCash™.
I primi risultati mostrano una migliore capacità di classificazione del rischio, con importi di approvazione più elevati, tassi di conversione più forti e tassi di insolvenza inferiori rispetto al Q2 2025. CashAI si avvale di informazioni tratte da 150 milioni di erogazioni ExtraCash™ e da miliardi di transazioni bancarie, creando un significativo vantaggio competitivo nell'underwriting del credito al consumo.
L'azienda prevede che i benefici completi di v5.5 si vedranno nel Q4 2025 e oltre, con un impatto contenuto nel Q3 2025. L'aggiornamento punta ad ampliare l'accesso a ExtraCash™ migliorando contemporaneamente le performance creditizie e i margini di profitto lordo.
Dave (NASDAQ:DAVE), un destacado neobanco estadounidense, ha anunciado la implementación completa de CashAI v5.5, su último motor de suscripción de flujo de caja impulsado por IA. La nueva versión casi duplica el conjunto de funciones respecto a los modelos anteriores y se ha entrenado con más de 7 millones de originaciones ExtraCash™.
Los primeros resultados muestran una mejora en la clasificación del riesgo, lo que se traduce en montos de aprobación más altos, mayores tasas de conversión y tasas de mora más bajas en comparación con el 2T 2025. CashAI aprovecha información de 150 millones de originaciones ExtraCash™ y de miles de millones de transacciones bancarias, generando una ventaja competitiva significativa en la suscripción de crédito al consumo.
La compañía espera que los beneficios completos de la v5.5 se reflejen en el 4T 2025 y en adelante, con un impacto modesto en el 3T 2025. La actualización busca ampliar el acceso a ExtraCash™ mientras mejora el desempeño crediticio y los márgenes de beneficio bruto.
Dave (NASDAQ:DAVE), 미국의 대표적인 네오뱅크가 최신 AI 기반 현금흐름 언더라이팅 엔진인 CashAI v5.5를 완전 도입했다고 발표했습니다. 이번 버전은 이전 모델에 비해 기능이 거의 두 배로 늘었고, 700만 건 이상의 ExtraCash™ 대출 발생 데이터를 학습한 것으로 알려졌습니다.
초기 결과는 위험 등급 판별 능력이 향상되어 승인 금액 증가, 전환율 개선, 연체율 감소로 이어졌음을 보여줍니다(2025년 2분기 대비). CashAI는 1억5천만 건의 ExtraCash™ 대출 발생과 수십억 건의 은행 거래 데이터를 활용해 소비자 신용 심사에서 중요한 경쟁 우위를 확보했습니다.
회사는 v5.5의 모든 효과가 2025년 4분기에 반영될 것으로 예상하며, 2025년 3분기에는 영향이 제한적일 것으로 보고 있습니다. 이번 업데이트는 ExtraCash™ 접근성을 확대하는 한편 신용 성과와 총이익률 개선을 목표로 합니다.
Dave (NASDAQ:DAVE), une néobanque américaine de premier plan, a annoncé le déploiement complet de CashAI v5.5, son dernier moteur d'analyse de flux de trésorerie alimenté par l'IA. Cette nouvelle version double quasiment l'ensemble des fonctionnalités par rapport aux modèles précédents et a été entraînée sur plus de 7 millions d'originations ExtraCash™.
Les premiers résultats montrent une meilleure capacité de classement du risque, entraînant des montants d'approbation plus élevés, de meilleurs taux de conversion et des taux de défaut plus faibles comparés au T2 2025. CashAI s'appuie sur des insights issus de 150 millions d'originations ExtraCash™ et de milliards de transactions bancaires, offrant un avantage concurrentiel important dans l'underwriting du crédit à la consommation.
La société s'attend à ce que les bénéfices complets de la v5.5 se manifestent au T4 2025 et au-delà, avec un impact modeste au T3 2025. Cette mise à jour vise à élargir l'accès à ExtraCash™ tout en améliorant la performance crédit et les marges brutes.
Dave (NASDAQ:DAVE), eine führende US-Neobank, hat die vollständige Einführung von CashAI v5.5 angekündigt, seiner neuesten KI-gesteuerten Engine für Cashflow-Underwriting. Die neue Version verdoppelt nahezu den Funktionsumfang gegenüber früheren Modellen und wurde mit über 7 Millionen ExtraCash™-Originierungen trainiert.
Erste Ergebnisse zeigen verbesserte Risikobewertungen, was zu höheren Genehmigungsbeträgen, stärkeren Konversionsraten und niedrigeren Ausfallraten im Vergleich zum Q2 2025 führt. CashAI nutzt Erkenntnisse aus 150 Millionen ExtraCash™-Originierungen und Milliarden von Banktransaktionen und schafft so einen erheblichen Wettbewerbsvorteil beim Konsumentenkredit-Underwriting.
Das Unternehmen erwartet, dass die vollen Vorteile von v5.5 im Q4 2025 und darüber hinaus sichtbar werden, mit nur moderaten Auswirkungen im Q3 2025. Das Update zielt darauf ab, den Zugang zu ExtraCash™ zu erweitern und gleichzeitig die Kreditperformance und die Bruttogewinnmargen zu verbessern.
- Nearly doubled CashAI feature set compared to previous models
- Early results show higher approval amounts and stronger conversion rates
- Demonstrated lower delinquency and loss rates versus Q2 2025
- Leverages massive dataset of 150 million ExtraCash originations
- Expected to improve credit performance and expand gross profits
- Only modest impact expected in Q3 2025, with full benefits delayed until Q4
- Faces significant competition in highly competitive neobank industry
- Primary reliance on a single bank partner poses potential risk
Insights
Dave's CashAI v5.5 upgrade significantly expands underwriting capabilities, promising improved credit performance and profitability for its ExtraCash product.
Dave's announcement of CashAI v5.5 represents a substantial enhancement to their proprietary underwriting technology. By nearly doubling the feature inputs compared to previous versions, the company has significantly expanded its risk assessment capabilities. The model was trained on over
What's particularly notable is how this upgrade aligns with Dave's revamped fee structure. The early performance metrics are compelling - improved risk ranking accuracy is enabling higher approval amounts while simultaneously reducing delinquencies and loss rates compared to Q2 performance. This dual improvement in both credit access and credit quality is the holy grail of lending technology.
The company's massive data advantage cannot be overlooked. With insights from 150 million ExtraCash originations and billions of banking transactions, Dave has built what appears to be one of the industry's most comprehensive cash flow datasets. This creates a significant competitive moat in the neobanking space, where superior underwriting technology directly translates to better unit economics.
The timing of the implementation suggests modest Q3 impact with full benefits materializing in Q4 and beyond. For investors, this represents a potential inflection point in Dave's financial performance. The ability to expand credit access while improving credit performance addresses both top-line growth and margin expansion simultaneously - a powerful combination that could meaningfully accelerate Dave's path to profitability.
Latest iteration of proprietary cash flow underwriting engine approximately doubles inputs to optimize credit outcomes
Los Angeles, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced the full implementation of CashAI v5.5, the latest advancement in the Company’s AI-driven, cash flow underwriting engine.
v5.5 nearly doubles CashAI’s feature set versus prior models and optimizes around Dave’s new fee structure. Given the rapid payback cycle of ExtraCash™, v5.5 was refreshed and trained on more than 7 million recent ExtraCash™ originations that have reached full maturity. Early results of v5.5 demonstrate more accurate risk ranking, leading to higher average approval amounts, stronger conversion, and lower delinquency and loss rates when compared to performance in the second quarter of this year. Dave expects this latest model to deliver expanded access to ExtraCash™ for Dave members, as well as improvements to credit performance and gross profit expansion. Given that v5.5 was fully implemented in September, Dave anticipates a modest impact in the third quarter, with the full benefit reflected in the fourth quarter and beyond.
More on CashAI:
CashAI assesses credit risk in real-time through fully automated analysis of cash flow data from Dave members’ primary bank accounts. CashAI has leveraged insights from 150 million ExtraCash™ originations and billions of bank transactions since Dave’s inception, one of the largest cash flow datasets in the industry. This data scale, combined with the rapid training feedback from ExtraCash™, enables Dave to build a competitive moat in consumer credit underwriting.
“CashAI is a powerful differentiator for Dave, and this latest model underscores our leadership in AI for financial services,” said Jason Wilk, Founder and CEO of Dave. “By combining our massive cash flow dataset with advanced machine learning, we are driving more consistent, profitable credit outcomes and strengthening our confidence in long-term performance. Ultimately, we are enabling better credit access which is advancing our mission to level the financial playing field for everyday Americans.”
About Dave
Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. Dave offers ExtraCash™ to Dave members through bank partners. For more information about the Company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.
Forward-Looking Statements
This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feels,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “remains,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, anticipated improvements to credit performance and margin expansion, quotations of our Chief Executive Officer relating to Dave’s future performance and credit outcomes, and other statements about future events. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: the ability of Dave to compete in its highly competitive industry; the ability of Dave to keep pace with the rapid technological developments in its industry and the larger financial services industry; the ability of Dave to manage risks associated with providing ExtraCash; the ability of Dave to retain its current customers, acquire new customers (collectively, “Members”) and sell additional functionality and services to its Members; the ability of Dave to protect intellectual property and trade secrets; the ability of Dave to maintain the integrity of its confidential information and information systems or comply with applicable privacy and data security requirements and regulations; the primary reliance by Dave on a single bank partner; the ability of Dave to maintain or secure current and future key banking relationships and other third-party service providers, including its ability to comply with applicable requirements of such third parties; the ability of Dave to comply with extensive and evolving laws and regulations applicable to its business; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business; the ability to attract or maintain a qualified workforce; the level of product service failures that could lead Members to use competitors’ services; investigations, claims, disputes, enforcement actions, arbitration, litigation and/or other regulatory or legal proceedings, including the Department of Justice’s lawsuit against Dave; the ability to maintain the listing of Dave Class A Common Stock on The Nasdaq Stock Market; the possibility that Dave may be adversely affected by other macroeconomic factors, including regulatory uncertainty, fluctuating interest rates, inflation, unemployment rates, consumer sentiment, market volatility and business, and/or competitive factors; and other risks and uncertainties discussed in Dave’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 4, 2025 and subsequent Quarterly Reports on Form 10-Q under the heading “Risk Factors,” filed with the SEC and other reports and documents Dave files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Dave undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Investor Relations Contact
Sean Mansouri, CFA
Elevate IR
DAVE@elevate-ir.com
Media Contact
Dan Ury
press@dave.com
FAQ
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