Coastal Community Bank Becomes Primary Lender for Dave Inc. ExtraCash Product

Financial technology company Dave Inc. has transitioned the funding of its “ExtraCash” product to Coastal Community Bank. This shift moves the origination process for the company’s cash advance service to the Washington-based financial institution, marking a change in the operational infrastructure supporting the product.

Under this new arrangement, Coastal Community Bank now serves as the primary lender for ExtraCash originations. This transition follows a strategic update to the company’s backend operations, which previously relied on different funding mechanisms to facilitate these advances. The move integrates Coastal Community Bank into Dave’s existing financial services ecosystem, where the bank will manage the issuance of funds to users who qualify for the service. Dave continues to provide the platform interface and user experience, while the bank assumes the role of the originating lender for these specific transactions.

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Date: June 9, 2026

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GOAI