Rising interest rates and inflation, which could impact Dave's cost of capital and the financial health of its target customer base, potentially affecting demand for short-term liquidity products.

Overall consumer spending and economic growth, as a strong job market (e.g., US economy adding jobs) could improve consumer financial health, while economic uncertainty might increase demand for Dave's budgeting and cash advance services.

Evolving regulatory environment for fintech and digital banking, as increased scrutiny or new regulations (like those considered for crypto) could impact Dave's operational framework and business model for digital financial services.