Neobanking Fintech Dave Members Reportedly Earned $1M+ with Survey Offering

Dave Inc. (NASDAQ: DAVE), which claims to be one of the nation’s leading neobanks, announced that its members “have collectively earned more than $1 million through its new Side Hustle feature, Surveys.”

Dave launched Surveys in December 2022 “through an exclusive partnership with survey monetization platform, a Dynata solution.”

This new survey experience is “incorporated into Dave’s Side Hustle platform and is a first-to-market, in-app experience, allowing Dave members to supplement their income and combat inflation by taking paid surveys from top-tier brands.”

Since its launch in early December 2022, nearly 400,000 Dave members “have taken advantage of surveys.”

Users with a Dave Spend account “can earn money instantly by taking surveys of increasing value and have the opportunity to earn up to $5 per survey through continued use.”

There is no limit “to the number of surveys an individual can take.”

Once a survey has been completed, Dave “deposits cash directly into each member’s Dave Spend account.” The entire Surveys experience “occurs within Dave’s mobile app, offering a secure and seamless experience.”

Jason Wilk, CEO and founder of Dave, said:

“Becoming the first neobank to help customers earn real money is something we are proud of at Dave, especially in a time of record high prices on everyday expenses. Since we launched Side Hustle in 2018, we’ve connected our members with hundreds of thousands of part-time, flexible jobs. Our partnership with expands our effort to connect members with additional income sources and reduce stress on their wallets.”

Jason Schubert, CEO of inBrain, said:

“Offering a trustworthy and quality Survey experience was a top priority for Dave and we’re proud to partner with them on this one-of-a-kind offering that’s helping to provide relief to many consumers. We’re thrilled to see how impactful our partnership with Dave is and hope that many more can benefit from Surveys.”

The expansion of Dave’s job-finding Side Hustle platform – which helped consumers fight record unemployment during the pandemic – is “part of the company’s ongoing efforts to give consumers a financial leg up.”

In June 2022, the company “announced the rollout of Dave enhanced ExtraCashAccount, expanding the company’s premiere overdraft advance product’s maximum amount from $250 to $500 to support its members who may face financial emergencies during this period of record inflation.”

The company also recently “expanded its Cash Back rewards programs to provide additional savings and reward opportunities.”

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