Dave Inc Surges to 449th in Trading Volume Despite Stock Price Decline

On July 11, 2025, Dave Inc. (DAVE) experienced a significant increase in trading volume, with a total of $206 million in shares traded, marking a 46.13% rise from the previous day. This surge placed Dave in the 449th position in terms of trading volume for the day. However, the stock price of Dave Inc. (DAVE) declined by 11.88%, marking the fifth consecutive day of decline, with a total decrease of 28.08% over the past five days.

Dave Inc. has recently joined the American Fintech Council (AFC), an association representing fintech companies and banks. This move is part of Dave's ongoing efforts to expand its presence in the fintech industry and strengthen its partnerships within the sector.

In a strategic move to enhance its banking services, Dave has selected Coastal Community Bank as its sponsor bank. This partnership will facilitate the onboarding of Dave's customers to Coastal Community Bank starting in the second quarter. The collaboration aims to accelerate Dave's business growth and expansion by leveraging Coastal Community Bank's expertise in credit and banking products, as well as its strong risk management practices.

Dave's CEO and Founder, Jason Wilk, highlighted the alignment between the two companies in their mission to provide accessible and transparent financial services to underbanked populations. This partnership is expected to bring new opportunities for Dave, including the launch of at least one new credit product in 2025.