Banktjänst hackad – kunder exponerade

Dave (sometimes known as Dave.com) is a digital banking service. The service emphasizes no overdraft fees, and provide loans to individuals' accounts at their banks for overdraft protection.The company uses an algorithm to predict users ability to repay loans based on their checking account and income history. The algorithm predicts when a user's expenses may exceed their balance, sending a notification and the option for a loan until the user's next paycheck. It doesn't charge overdraft fees, instead charging $1 a month to use the app and giving the option to "tip" after getting a loan. Shark Tank star Mark Cuban invested $3 million in the company, saying he was crushed by overdraft fees in his twenties. Lauren Saunders, of the National Consumer Law Center, expressed concern that some users may feel compelled to tip resulting in it being not too different from paying interest.The Dave app was the Apple App of the day in April 2017. It has been downloaded 10 million times on iOS, and over a million times on Android devicesIn July 2019, the company was named one of the next billion dollar startups by ForbesIn October 2019, Dave received a valuation of US$1 billion, and has over 4 million users.