SILICON SLOPES, UT and LOS ANGELES – August 14, 2019 – MX, the leading data platform for banks, credit unions and fintechs, today announced that Dave, the finance version of David and Goliath, has chosen MX to help bring financial clarity to Dave’s 3.5 million users.
A financial friend to the millions of Americans who use the app, Dave helps with budgeting, building credit, finding work and accessing money to cover immediate expenses before payday. Dave does this by syncing to a person’s account and analyzing past expenses. The app then sends a text or alert when a user is in danger of overdrafting.
Dave will use MX’s platform to enhance its analysis of users’ past expenses in order to build the best possible financial tools for them moving forward.
“The deliberate approach Dave has taken to empower greater financial strength and solve the pervasive financial pain point of overdraft fees is inspiring and exactly the kind of innovation MX loves to enable through its highly available and augmented data platform,” said Nate Gardner, Chief Customer Officer, MX.
MX is the leading data platform for banks, credit unions and fintechs, enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data. Using MX's platform and products, MX clients are able to understand their customers in real time like never before, allowing them to be truly customer centric, empowering them to grow faster and deliver an exceptional customer experience all while reducing costs. Founded in 2010, MX is one of the fastest-growing fintech providers, partnering with more than 2,000 financial institutions and 43 of the top 50 digital banking providers. For more information, visit www.mx.com.
Dave is the finance version of David and Goliath taking on the big banks. A financial friend to the millions of Americans who use the app, Dave helps with budgeting, building credit, finding work and accessing money to cover immediate expenses before payday. Instead of mandatory fees, Dave lets users pay what they think is fair through a ‘tip’ based model. Dave users plant a tree for each % tip they leave when taking an advance, resulting in tens of millions of trees planted. To learn more, visit https://www.dave.com/. Download the app in the App Store or Google Play.