jason wilk

jason wilk

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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Popular finance management app Dave has snagged former Apple executive Jarad Fisher, who conceived and designed the Apple Card. He will join the company as its chief commercial officer and follows a slew of other recent hires as the company tries to raise its profile.

The three-year-old startup run by co-founder Jason Wilk rolled out a digital bank account and debit card last year with no monthly fees. It saw two million user sign-ups for the wait list. Billionaire Mark Cuban was an early investor and board member of the Los Angeles-based company.

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