Join the Club to get access to portfolio updates broker screenshots, weekly private content, investment write ups, monthly top ideas to guide research, and be part of a community of investors. Join the Club: https://mee6.xyz/en/m/922238197034004560 0:00 Introduction & What is Dave? 1:44 Who is Dave's Customer? 4:22 Positioning vs. Incumbent Banks 7:25 The Extra Cash Customer Journey 9:35 Cash AI & Underwriting Engine 12:01 Comparison to Affirm & Rapid Model Iteration 15:08 Low Delinquency Rates & Countercyclical Dynamics 20:00 Proven Through a Credit Cycle 21:38 Payback Periods & Growth Algorithm 25:03 Retention, Reactivation & Flywheel 27:40 Cohort Dynamics & Compounding Economics 31:06 Operating Leverage & Software-Like Scalability 32:45 AI Across the Business 36:07 Data-First Culture & Surprising Capabilities 37:28 Origin of the Bear Mascot 38:37 Evolve to Coastal Community Bank Migration 40:21 BNPL Card Product Launch 43:16 Top-of-Wallet Strategy Without Direct Deposit 46:03 Investor Perception of EWA/BNPL Categories 48:06 Share Buyback & Convertible Note 54:06 Valuation & "Have I Missed It?" 57:30 Macro Resilience & Unemployment Dynamics 59:46 Long-Term Vision & Potential Bank Charter 1:02:17 Closing Remarks & Disclosures