DAVE's CashAI: Is This Underwriting Engine a Fintech Game-Changer?

Key Takeaways DAVE's adjusted EBITDA jumped 235% Y/Y in 1Q25, driven by CashAI's cost control and margin gains. CashAI enabled a 46% Y/Y rise in ExtraCash originations, with delinquency rates improving 18%. The underwriting engine cut credit loss provisions to 0.69%, enhancing both risk control and profitability.Dave Inc.’s (DAVE) CashAI, a proprietary underwriting engine, is turning out to be a critical differentiator and a potential game-changer within fintech. Several metrics mentioned by management di ...