Welcome to the Tearsheet Podcast. I'm Zack Miller.

A lot of fintech is in your face. It's loud and brash and wants you to know how good it is. When Dave launched, the personal finance manager flew under the radar. To me and to Tearsheet, at least. But 3.5 million registered users turn to Dave to help them track expenses, avoid overdraft fees, and get paid early.

But today feels like Dave's coming of age party. The company is launching a full blown bank account, something co-founder Jason Wilk is calling 'Banking for Humans'. In addition to the personal finance functionality Dave is known for, Dave will also help clients build credit by reporting expenses like rent and utilities. The Dave account comes with overdraft protection and helps account holders find side hustles and forecast future expenses.

Dave is also announcing a $110 million debt raise from Victory Park to scale the company on its way to become a viable challenger bank in the US.

CEO Jason Wilk is my guest today on the Tearsheet Podcast.