Dave Inc. (NASDAQ:DAVE) reported a strong fourth-quarter, with its AI-driven underwriting platform CashAI v5.5 powering a 50% year-over-year increase in ExtraCash originations and improving the 28-day past due rate to just 1.89%.
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The technology, fully implemented for the first time in the fourth quarter, helped extend the company’s streak to a third straight quarter of 60%+ revenue growth while non-GAAP gross margin expanded to 74%.
CashAI Drives Growth
In an exclusive …