United StatesFinance and insurance2025 – ongoing

Dave Inc.

CashAI underwriting engine for ExtraCash advances

Dave said its CashAI v5.5 engine cut past-due rates while ExtraCash originations grew 50%

WorkingCompany's own claimOfficial ↗

Problem

Dave lends small cash advances to app users, so it has to decide quickly which advances to approve and how large to make them. Growth in advances risks higher delinquency.

Approach

Dave runs ExtraCash approvals through CashAI, its underwriting engine. Version 5.5 was in use in the fourth quarter of 2025. In the results release, CEO Jason Wilk said the engine let Dave lower its 28-day past-due rate significantly while originations grew.

Results

50%year-over-year growth in ExtraCash originations in Q4 2025, to $2.2 billion, per DaveCompany's own claim[1]

1.89%average 28-day past-due rate in Q4 2025, down 26 basis points from the prior quarter, per DaveCompany's own claim[1]

Takeaway

Dave presented growth and a lower delinquency rate together as the result of one underwriting model. The release does not separate the model's effect from other factors.

Sources

Dave Reports Fourth Quarter & Full Year 2025 Financial Results
Dave Inc.2 Mar 2026Company publication

Source summaries

[1]Dave Inc.2 Mar 2026

Dave's results release reports ExtraCash originations up 50% year over year to $2.2 billion in Q4 2025. The average 28-day past-due rate improved to 1.89%. CEO Jason Wilk credited version 5.5 of the CashAI underwriting engine.

Full details are in the original sources.

Added 2 Nov 2026 · Updated 2 Nov 2026