fintech

fintech

Courtesy of Dave

Santa Monica-based financial technology company Dave is cutting its net losses, but the newly-public company has a ways to go before it’s profitable – a struggle that many “neobanks,” are facing.

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Photo by Walter Cicchetti/ Shutterstock

Gillian Gillett, program manager for the California Integrated Mobility Program at Caltrans, spread over a dozen cards on the floor of the conference room to make a point.

“Poor people wind up with a Pokémon deck in their wallet because we won’t give them the one thing that they actually need — which is a debit card,” she said.

In a workshop at the annual CoMotion L.A. tech and mobility conference, panelists discussed how to make paying for transit both more equitable and more intuitive.

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