2 hours ago
2
Adam Spatacco, The Motley Fool
Sun, April 19, 2026 astatine 1:22 PM CDT 4 min read
Eric Jackson mightiness not get the aforesaid level of sum arsenic different high-profile hedge money managers, but, arsenic laminitis of EMJ Capital, Jackson has built a estimation for discovering asymmetric compounders earlier different analysts connected Wall Street.
Most famously, Jackson made a bullish stake connected Carvana banal erstwhile it traded for conscionable $3.50. Carvana aboriginal surged implicit 100x and reached $413 per share. Last summer, Jackson was astatine it again. He went agelong connected Opendoor Technologies erstwhile it traded arsenic a penny stock, lone to spot it tally up to astir $10.
Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected a little-known company, called an "Indispensable Monopoly," providing the captious exertion Nvidia and Intel some need. Continue »
His latest bull telephone is Dave (NASDAQ: DAVE), a fintech that helium says the marketplace prices much similar a accepted slope adjacent arsenic the concern transforms into a high-margin payments toll booth. Could Dave beryllium the adjacent banal to spell parabolic?
Dave helps paycheck-to-paycheck workers done its flagship product, ExtraCash, which offers members instant advances of up to $500 that get automatically repaid from the user's adjacent paycheck. As a differentiator from a accepted bank, Dave does not behaviour recognition checks oregon use involvement charges and precocious fees. Instead, Dave employs a level interest of $5 oregon 5% of the transaction, positive a $3 monthly subscription.
ExtraCash is powered by CashAI, Dave's AI underwriting exemplary that analyzes information points specified arsenic currency travel alternatively of recognition scores arsenic good arsenic income, employment history, spending patterns, and slope balances. Complementing CashAI is DaveGPT, the company's generative AI assistant, which provides real-time conversational enactment for ExtraCash users.
Dave is successful the last stages of migrating its ExtraCash receivables to an off-balance-sheet operation with Coastal Community Bank. Under the partnership, Coastal volition money advances and transportation the receivables connected its ain books portion Dave continues originating and underwriting.
This displacement de-risks Dave's model, arsenic the institution presently ties up astir $200 cardinal of its ain currency to money the receivables held connected its equilibrium sheet. Post-migration, recognition hazard moves to Coastal's bank, reducing Dave's vulnerability to postulation losses oregon duration hazard connected the advances.
Dave is fundamentally reorganizing arsenic a fee-based originator similar Visa oregon Mastercard. In theory, this equilibrium expanse cleanup should unlock escaped currency travel that Dave tin usage for caller maturation opportunities and shareholder instrumentality programs.
English (CA) · 
English (US) · 
Spanish (MX) ·