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Podcast: Startup to Storefront
Episode: Dave - Jason Wilk (NeoBank -- Startup to IPO)
Description: Let me give you a scenario: you try and purchase something on your debit card, but you don't have enough money in your account instead of declining the purchase, your bank instead allows it to go through and charges you $35 for the "convenience" Overdraft fees accounted for $5.8 billion dollars of bank revenue in the first 3 quarters of 2022. These fees harm millions of Americans every year and can trap people in a cycle of debt. Jason Wilk, the founder of Dave, also struggled with these fees. What frustrated him the most was that if the bank just looked at his...