Solving Legacy Pain Points Building a Better Bank No Overdraft or 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to Inc. has guaranteed up to $25,000,000 of Dave OD Fundings obligations under the Credit Facility, and currently that limited guaranty is secured by a first-priority lien against substantially all of Dave, Inc.s assets. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting thresholds (25% of all founder shares).Transaction Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary target or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. 2022E Cohort Cumulative Cohort Revenue ~$640M Conservative forecast Marketing Expense In projected cumulative compared to observable revenue in four years historical data ~5x Excludes potential benefits from future product releases ~6 mos breakeven of its banking platform with modest user adoption costs 17Solving Legacy Pain Points Building a Better Bank No Overdraft or Minimum Balance Insights Fees Access Paycheck 2 Days Early ExtraCash Empowering On- Demand Overdraft Protection Side Hustle Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. On December 18, 2020, FinServ Acquisition Corp. and Katapult Holdings, Inc. jointly announced that they have entered into a definitive merger agreement valued at approximately $1 billion. After the Form S-4 has been filed and declared effective, the definitive proxy statement/prospectus will be mailed to VPCCs stockholders as of a record date to be Payoneer - Investor Relations Going forward, unique users represents combination of connected bank These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. Sign Up . Changes in laws or regulations, or a failure to Dave, a Leading Banking App with 10 Million Customers, Announces Plans Aurora Analyst & Investor Day Presentation . NO OFFER OR SOLICITATION This 33RISK FACTORS The below list of risk factors has been prepared solely for purposes of the proposed private placement financing (the Private Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm of overdraft Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. Revenue Transaction Revenue ExtraCash: Dave Bank: We generate revenue when our users engage in cash We receive debit interchange fees when users pay with advances for overdraft protection their Dave debit card or fund their account via Debit rails Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Proposed Business Combination agreement may be terminated in accordance with its terms and the Proposed Business Combination may not BigBear.ai Investor Presentation - GigCapital protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. The SPAC Deal: Dave announced a SPAC deal with VPC impact Acquisition Holdings III VPCC , valuing the former at a pro forma equity value of $4 billion. of the stockholders of VPCC, certain regulatory approvals, or the satisfaction of other conditions to closing in the Merger Agreement; (iv) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Charity 2 1 Donated Avoided Jobs Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. and consummation of the Proposed Business Combination; (viii) the ability to recognize the anticipated benefits of the Proposed Business Combination, which may be affected by, among other things, competition, the ability of Dave to grow and manage Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. Viewers of this Presentation should each make their own evaluation of ~20mm people who Need overdraft 10-20x per year Up N' Comers Underserved by existing ~20-25mm High In their 20s, making financial bank accounts People Need decisions for the first time Overdraft 3x+ / year Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. competition, the ability of Dave to grow and manage growth profitably, and retain its key employees; (ix) costs related to the Proposed Business Combination; (x) changes in applicable laws or regulations; (xi) the possibility that Dave, or VPCC may agreements with our processing providers are terminated, we could experience service interruptions. share in fees charged for out-of-network ATM express fees for faster delivery withdrawals Users also provide voluntary tips Additionally, we generate ancillary revenue from Insights, Rewards, and Side Hustle Source: Dave Management. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of dated March 4, 2021 (SEC File No. decline. risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. immaterial that could also cause actual results to differ from those contained in the forward-looking statements. 1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 How To Create A Great Investor Pitch Deck For Startups Seeking - Forbes These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, additional tool for investors to use in evaluating projected operating results and trends in and in comparing Daves financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. 45% 56% 62% 57% 59% 62% Service Revenue $533 $329 189 $377 CAGR: 98% $223 CAGR: 116 112% $193 $111 22 344 $122 262 $75 $76 171 $43 121 $17 $8 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020P 2021E 2022E 2023E Rapid scaling and 60% YoY Proven Dave and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. Dave Inc. (DAVE) Stock Price, News, Quote & History - Yahoo! In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and A data security breach could expose us to liability and protracted and We depend upon several third-party service providers for processing our transactions. If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry necessary to continue providing our users with new and innovative products and services, opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Dave and VPCC have not independently verified the information and it difficult to evaluate our future prospects and may increase the risk that we will not be successful. Daves participants in the solicitation, which may, in some cases, be different than those of VPCCs and Daves equity holders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business If our present or any future key banking relationships are constitute a solicitation as defined in Section 14 of the Securities Exchange Act of 1934, as amended. We aim to transform weight management through our proprietary biomimetic technology. Changes in laws or regulations, or a failure to comply with any laws and VPCC and Dave believe that these non-GAAP financial measures provide useful Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed rss_feed RSS 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 10Average fees paid per year by Dave customers to legacy banks Structurally High Fees, Low Created by Bloated Bank Cost Accessibility, and Poor Customer Structure & Innovators Service Dilemma Overdraft ($35) and oral forward-looking statements concerning VPCC or Dave, the transactions described herein or other matters and attributable to VPCC, Dave or any person acting on their behalf are expressly qualified in their entirety by the cautionary Quarterly Report on Form 10-Q for the three months ended March 31, 2021 filed with the SEC on May 25, 2021 under the heading Risk Factors and other documents of VPCC filed, or to be filed, with the SEC, including those risk factors notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. in VPCCs final prospectus dated March 4, 2021 (SEC File No. RISKS RELATED TO THE PRIVATE PLACEMENT There can be no depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. Source: Dave Management. The VPCC board has not obtained and will not obtain a third-party valuation or financial some or all of which may be material to our business and results of operations as well as our prospects. Largest Neobanks: $125 Begin Bank Rollout 7M Side Hustle Rollout Scaled 1 ExtraCash Product Financial Management Tool Dave Registered Users 2017 2018 2019 2020 Source: Dave Management. 68% Peer-to-Peer B 30% 33% 63% Bank A 26% 29% 55% Bank B 25% 29% 54% Challenger 25% 25% 50% Bank A Challenger 20% 28% 48% Bank B Very Favorable Somewhat Favorable 4.8 ~1M #1 1 Most Favored Brand App Store Rating Reviews in the Industry Source: information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. Neither VPCCs nor Daves independent Dave. 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. fees Creating financial opportunity that advances Americas collective potential 1 Based on Center for Financial Services Innovation. 1 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M Daves financial statements. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not NO REPRESENTATION OR WARRANTY No representations or warranties, express or implied are given in, or in respect of, the accuracy or Overview | Sonder Holdings Inc. Webcast. for purposes of the proposed private placement financing (the Private Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of VPCCs directors and executive officers in VPCCs final prospectus Investor Relations. BigBear.ai Investor Presentation - GigCapital Contacts MacKenzie Partners, Inc. 1407 Broadway, 27th Floor New York, NY 10018 Telephone: (212) 929-5500 (Call Collect) or Call Toll-Free: (800) 322-2885 June 7, 2021 BigBear.ai Investor Presentation partner bank costs, debit funding fees, and 28 charitable contributions.Marketing investment recovered in ~9 months on 1 a gross profit basis 2022E Cohort Cumulative Cohort Revenue ~$640M Conservative forecast Marketing Expense In projected SEC Filings | Dave Inc. afford a one-time $400 emergencyDaves Estimated Chaos Climbers User TAM Overcoming daily challenges and navigating chaos to find financial ~10-15mm people without stability ~30-35mm Highest access to a bank account People under the Securities Act. 02/28/2023 11:00 AM ET. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, What You Need to Know About SPACs - Updated Investor Bulletin standards. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. 2019 2020. Allows users to confidently track First neobank to help users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. Combination when it becomes available. VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to 1. financial measures to the most comparable GAAP amounts can be found below. 53.1% 22.7% 30.4% 31.2% 37.0% 37.6% 45.6% 2023E 41.4% 64.3% 40.4% 30.1% 27.7% 21.9% 23.1% 27.3% 42.8% 2 Growth-Adjusted Revenue Multiples 2022E 0.10x 0.11x 0.23x 0.46x 0.64x 0.57x 0.46x 0.41x 0.25x 2023E 0.16x 0.09x 0.21x 0.27x 0.55x 0.66x 0.60x engagement with core ExtraCash Dave Banking, product Insights, Side Insights, Side Hustle and Hustle and ExtraCash ExtraCash Recent bank revenue trends for Solving Crucial Daily Financial Direct Deposit cohorts suggest Pain Points Platform Dave uses software and data to offer everyday Americans the financial their legacy bank. debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. express or implied are given in, or in respect of, the accuracy or completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. To the extent that our products are deemed to be subject to any such laws, we could be subject to additional compliance obligations, including state licensing requirements, disclosure requirements and usury or fee opinion in determining whether to proceed with the Proposed Business Combination. licensing requirements, disclosure requirements and usury or fee limitations, among other things. Business Combination may not be completed. Rewards, and Side Hustle Source: Dave Management. 1 Affirm estimates showing fiscal year ending in June. respective businesses. 15 Initial investment in the form of $2 million convertible circumstances will VPCC, Dave or any of their respective subsidiaries, shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or Cash Flow Positive Plan Presentation 1.4 MB. 2022E 2023E Total Revenue $17 $76 $122 $193 $377 $533 % Growth -- 340% 60% 59% 95% 41% 1 Gross Profit $8 $43 $75 $111 $223 $329 % Margin 45% 56% 62% 57% 59% 62% Operating Expenses (ex. Forward-looking statements may Combination) and for no other purpose. operations as well as our prospects. Nasdaq. involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. We are cooperating with the CFPB, including producing documents and and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could cause actual results to differ materially from or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. AeroFarms home The Vertical Farming, Elevated Flavor company could suffer. Many actual events and circumstances are beyond the control of Dave and VPCC. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. listing standards of the NYSE or Nasdaq. Side Hustle; FOLLOW US. year in fees from their legacy banks in 2019 2020.Dave uses software and data to offer everyday Americans the financial services they need, at Solves immediate breakthrough speed and pricing. commissioned by Dave.Dave Other Neobank Incumbent User Journey User Journey Bank User Journey Frictionless access to a Walled Garden approach; can only access products with a variety of products in just 1 Ease of Access bank account existing ~20-25mm High In their 20s, making financial bank accounts People Need decisions for the first time Overdraft 3x+ / year Transforming stability into long-term progress by achieving major financial milestones. financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. May tap PDF AeroFarms home The Vertical Farming, Elevated Flavor company 19Phased Launch To Date are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. registration statement on Form S-4 expected to be filed in connection with the Proposed Business Combination. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, substantial sums, and are subject to the risk of errors, which could result in financial losses, damage to our reputation, or loss of trust in our brand, which would harm our business and financial results. You should review the investors vote by VPCCs stockholders in connection with the Proposed Business Combination and other matters as described in the Form S-4, as well as a prospectus of VPCC relating to the offer of the securities to be issued in connection with the Phased Launch To Date Has Allowed for User Positioned for Rapid Scaling onboarding features at your fingertips, Advance approval after 30 process, in-person and just 15 minutes from 2 Speed-to-Value days, direct deposit branches and difficult to download to deposit for navigate financial offerings advance product Deep of VPCCs stockholders in connection with the Proposed Business Combination. 61% $29 5.6 3.7 2.8 1.1 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020A 2021E 2022E 2023E Efficient user acquisition and Modest ARPU improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management Business Combination. Jobs at Dave - Fintech Careers - Current Openings Dave, Inc. has guaranteed Investors want to invest in big opportunities with large addressable markets. Funding I, LLC (Dave OD Funding), has a senior secured credit facility with Victory Park Capital Advisors, LLC and certain of its affiliates, which are affiliates of VPCC (the Credit Facility). situations or financial needs. The company has amassed 10 million users with its innovative checking account that was first to market in 2017 with fee-free overdraft, credit building, expense predictions and a gig-economy focused job board. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. new laws or regulations in many jurisdictions, including the U.S. states we operate in, that could restrict the products and services Dave offers, impose additional compliance costs on Dave, render its current operations unprofitable or even 2Q22 Shareholder Letter 6.5 MB. Learn More. We are not currently subject to See Forward-Looking Statements paragraph above. 0.28 -0.00 ( -1.62% ) Vol: 76,441. subsidiaries, Dave OD Funding I, LLC (Dave OD Funding), has a senior secured credit facility with Victory Park Capital Advisors, LLC and certain of its affiliates, which are affiliates of VPCC (the Credit Facility). These forward-looking statements are subject to a number of risks and uncertainties, Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm 25% 50% Bank A Challenger 20% 28% 48% Bank B Very Favorable Somewhat Favorable 4.8 ~1M #1 1 Most Favored Brand App Store Rating Reviews in the Industry Source: Third-party consumer research commissioned by Dave. Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. additional CAC High-impact products significantly revenue-generative even before cross-attach, fueling marketing spend 21, Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash should make such other investigations as they deem necessary. Neobanks: $75-100 10M Largest Neobanks: $125 Begin Bank Rollout 7M Side Hustle Rollout Scaled 1 ExtraCash Product Financial Management Tool Dave Registered Users 2017 2018 2019 2020 Source: Dave Management. In a deal valued at $3.6B (4.9x 2022E revenue) VPCC is taking Dave, a Leading Banking App with 10 Million Customers, public. Nothing herein should be construed as legal, financial, tax or other advice. The risks described below Proposed Business Combination. Dave to go public via merger with SPAC at $4B valuation The Financial As a result, approximately 20.0% of VPCCs voting securities outstanding, representing combined business. NO REPRESENTATION OR WARRANTY No representations or warranties, We may not be able to scale our business quickly enough to meet our users Dave | SPAC Presentation Deck | Slidebook.io financial measures determined in accordance with GAAP. Average fees paid per year by Dave customers to legacy banks Dave Users have recorded in aggregate $300-400mm / 16 transactions with significant PIPE activity Strong Unit Economics The VPC SPAC franchise has raised over $1.2 billion of primary capital since September 2020 (4 SPACs + Bakkt PIPE transaction) Growing Addressable Market donated. Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. Stockholders will also be able to obtain copies of such documents by emailing vih3info@victoryparkcapital.com or by directing a request to VPCC secretary at c/o Victory Park Capital Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our Company). PDF Momentus Investor Presentation - Powering In-Space Transportation Nov 9, 2022. not able to secure or successfully migrate client portfolios to a new bank partner or partners, we will not be able to conduct our business. harmed. results of operations. ExtraCash ExtraCash Recent bank revenue trends for Solving Crucial Daily Financial Direct Deposit cohorts suggest Pain Points Platform upside over time on engagement and revenue Where weve been Where were going Since inception expressly qualified in their entirety by the cautionary statements above. EBITDA is defined as earnings Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with Dave and VPCC. Dave - SPAC Presentation Deck. cause the transaction to fail to close; (v) the impact of the COVID-19 pandemic on Daves business and/or the ability of the parties to complete the Proposed Business Combination; (vi) the inability to obtain or maintain the listing of the Total Meals Overdraft Fees Pledged to Charity 2 1 Donated Avoided Jobs IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, a registration statement on Form S-4 is expected to any legal, financial, tax or other considerations concerning the opportunity described herein. The assumptions and estimates underlying such projected financial information are inherently uncertain 1 18 Based on third-party consumer research other illegal activity involving our products and services could lead to reputational damage to us, reduce the use of our platform and services and may adversely affect our financial position and results of operations. Investor Presentation (March 2023) 21.8 MB. If we cannot address any of the following risks and uncertainties effectively, or any other risks platform and our business could suffer. by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. VPCCs nor Daves independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an the Securities Exchange Act of 1934, as amended. Facility contains financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. The consummation of the Proposed Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace VPCCs stockholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Ex-99.2 - Sec Katapult Transaction :: FinServ Acquisition Corp. (FSRV) Presentations :: Aurora Innovation, Inc. (AUR) 15.6x 15.1x 14.5x 2022E Peer Median: 13.9x 13.7x 12.2x 12.2x 11.6x 2023E Peer Median: 10.5x 10.4x 9.4x 9.1x 8.7x 8.1x 8.0x 6.7x 5.5x 1 DaveFUSEIPOEFTCVUPSTSQLPROAFRMAPT-AU Revenue Growth 2022E 95.2% 79.2% 53.1% 22.7% 30.4% 31.2% 37.0% 37.6% 45.6% Market data from FactSet as of June 1, 2021. $389mm of net cash held on the pro forma balance sheet Capitalization PIPE Shareholders Implied Market Capitalization $3,951 SPAC Shareholders 5% 2 (-) Net Cash on Balance Sheet (389) 6% SPAC Sponsor Shares Implied Enterpise Value $3,563 1%