Jason Wilk, CEO of fintech company Dave, faced a significant crisis in June 2023 when the company’s stock plummeted below $5, reducing its value from $5 billion to $50 million in a year. Struggling to regain investor confidence, Wilk pitched small stakes at a conference. Since then, Dave has become profitable and is experiencing a 934% stock increase, leading U.S. financial stocks in 2024. This turnaround reflects broader trends as investors return to previously undervalued fintech firms like Dave and Robinhood. The company targets underserved consumers by offering fee-free banking services and small loans, aiming to build on its recent success.
