Dave hits profitability: disciplined FinTech disruptor with untapped growth potential 🐻📈; PayPal expands global payment solutions for small businesses with new all-in-one platform 💳🌍

FinTech is Eating the World, 6 March

Hey Everyone,

Good morning! Today’s issue is especially interesting as we’re going to look at the latest performance of the banking challenger Dave (a deeper dive into their latest numbers, uncovering what they mean + why you should be bullish about this underrated neobank), and PayPal that is doubling down on SMEs as their next growth driver (where’s the value & why it makes sense + a deeper dive into PayPal showing why you should remain optimistic about this finance behemoth). Let’s just jump straight into the awesome stuff 🌶

Dave hits profitability: disciplined FinTech disruptor with untapped growth potential 🐻📈

The news 🗞️ Digital banking challenger Dave DAVE 0.00%↑ has undergone a remarkable transformation, transitioning from a promising startup to a scaled, profitable company, achieving $10 million in Adjusted EBITDA and positive GAAP net income in Q4 2023.

The company's financial performance in 2023 showcases its ability to execute its mission of leveling the financial playing field while at the same time delivering impressive shareholder value.

Let’s take a closer look at Dave’s latest numbers, uncover what they mean, and see what’s next for this underrated neobank.