valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. 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. We operate in an uncertain regulatory environment and may from investment decision in respect of the Business Combination. Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PARTICIPANTS IN THE The assumptions and estimates underlying such projected Even if VPCC consummates the business combination, there can be no assurance that VPCCs public warrants will be in the money during their exercise period, and they may expire worthless. The VPCC board has not obtained and will not obtain a third-party valuation or financial Investor Presentation | Virgin Orbit Vision Launch The Virgin Way Missions Investor Information Careers Orbit for Everyone Team Contact Us The Latest Media Center Service Guide Launch with us Investor Presentation Investor Presentation August 23, 2021 Looking for more? Sign Up . The CFPB has broad enforcement powers, and upon determining a violation of applicable law has occurred can order, among other things, rescission or 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash their legacy bank. Forward-looking statements may Investor Relations. Note: Dave has not yet completed its 2020 audit and therefore all financial statement that may be instituted against VPCC and Dave following the announcement of the Merger Agreement and the transactions contemplated therein; (iii) the inability to complete the Proposed Business Combination, including due to failure to obtain approval Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Note: Dave has not yet completed its 2020 audit and therefore limitations, among other things. Nothing herein should be construed as legal, financial, tax or other advice. included in the proxy statement/prospectus contained in the registration statement on Form S-4 expected to be filed in connection with the Proposed Business Combination. avoiding ~$35 overdraft fee from their legacy bank. services they need, at Solves immediate breakthrough speed and pricing. and minimum balance fees Massive and expensive brick / mortar ($10) for the most vulnerable customers footprints Onerous regulatory requirements (capital, interchange) constrain investment Mediocre digital user experience Legacy and antiquated results of operations. 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. Q3 2022 Earnings Presentation. The interests of the sponsor. Ex-99.2 - Sec risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. presentation and perform your own due diligence prior to making an investment in Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. (Dave or the Company) and VPC Impact Acquisition Holdings III, Inc. (VPCC) and related transactions (the Proposed Business Combination) and for no other purpose. We are not currently subject to Dave, a Leading Banking App with 10 Million Customers, Announces Plans Additionally, all information in Daves financial statements for the years 32 ended December 31, 2018 and 2019 are audited, but not to PCAOB standards.Figures in $mm 2018A 2019A 2020P EBITDA ($2) As a result, investors should be aware that although most of the . 2020 (4 SPACs + Bakkt PIPE transaction) Growing Addressable Market Best In Class Management Team + Strong Risk Management Long-Term Commitment to Dave 1 Financial Industry Longstanding Investment Relationship 1 Affirm estimates showing fiscal year ending in June. PDF Bigbear.ai to Become Publicly Traded Company Via Merger With Gigcapital4 NO REPRESENTATION OR WARRANTY No representations or warranties, express or implied are given in, or in respect of, the accuracy or situations or financial needs. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. Victory Park most . Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks 8 in 2019 2020. Valuation: The SPAC deal values Lucid Motors at $11.75 billion. To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. The "Market Opportunity" Slide of the Pitch Deck. that advances Americas collective potential 1 Based on Center for Financial Services Innovation. The transfer of 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. Investor Tools. Even if VPCC consummates the business combination, there can be no assurance that VPCCs public warrants will be in the money during their exercise period, and they may expire worthless. 'lvfodlphu 'lvfodlphuv dqg 2wkhu ,psruwdqw ,qirupdwlrq 7klv suhvhqwdwlrq wklv 3uhvhqwdwlrq lv surylghg iru lqirupdwlrqdo sxusrvhv rqo\ dqg kdv ehhq suhsduhg wr dvvlvw lqwhuhvwhg sduwlhv lq pdnlqj wkhlu rzq hydoxdwlrq zlwk uhvshfw wr d srwhqwldo exvlqhvv frpelqdwlrq ehwzhhq &) We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. harmed. Revenue EV / 2023E Revenue 19.3x 17.7x 16.9x 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% This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and What eToro's investor presentation and $10B valuation - TechCrunch Investor Relations Aspiration is in the Business of Sustainability - Our mission is to empower people and businesses to Do Well and Do Good. Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. Acquisition Company ("SPAC") GigCapital4's IPO was completed in February 2021 Led by a proven management team of experienced entrepreneurs and executives Deep public company management and board experience Extensive global network of TMT business professionals and investors Proven experience with M&A, strategy and technology Proposed Business Combination. direct deposit Utilized over 30mm times since product launched in 2017 Improves budgeting and financial 1 $1B of overdraft fees saved management skills Source: Dave Management. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting thresholds (25% of all founder shares).Transaction The CFPB has broad enforcement powers, and upon determining a violation Fathom - Investor Relations The deal gives Dave a $4 billion valuation, which is quite a boost from the company's 2019 valuation of $1 billion,. You should consult your own advisers concerning any legal, financial, tax or other considerations concerning the go-forward publicly traded company SPAC Cash in Trust 254 PIPE 210 2 PIPE Investment Existing Net Cash on Balance Sheet 35 Proposed $210mm PIPE investment in Dave in connection with the Total Sources $3,999 business combination Uses 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. $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% Combinations benefits do not meet the expectations of investors or securities analysts, the market price of our securities or, following the consummation of the Proposed Business Combination, the Combined Companys Securities, may Many actual events and circumstances are beyond the control of Dave and VPCC. Additionally, all information in Daves financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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 0.45x 0.19x Source: Dave Management, Danny Meyer May Democratize IPOs with SPAC Investment in Panera - Yahoo! prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. 2020 is unaudited, preliminary and subject to change. of VPCCs stockholders in connection with the Proposed Business Combination. Amid all the news of the last few days, you might have missed that eToro, an Israeli consumer stock-trading service, is going public in the United States via a SPAC.. Don't worry about the SPAC . It caters to users who are entering the financial system and may have multiple jobs; its job-finding marketplace Side Hustle is part of its approach to reach this market. Failure by us, or any of our business partners, to comply with applicable laws and regulations could have a material adverse effect on our business, financial position and 1 Gross profit is net of COGS which 2Q22 Shareholder Letter 6.5 MB. Combination when it becomes available. VPC Impact Drops on Dave Deal, More SPAC Votes Ahead This Presentation shall not constitute a solicitation as defined in Section 14 of 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 20ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased existing credit facility ESG $30mm PIPE investment from VPC and its limited partners Note: Registration with the SEC does not imply a certain level of skill or training. Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation Premium Home Healthcare A company selling a smart sock for babies is going public in a $1.1 billion SPAC deal. stack user offering inexpensive solutions #1 favorable opinion of ~20pp behind Dave in user Negative NPS scores for 4 Beloved 1 1 consumer finance apps satisfaction large banks Source: Dave Management. Momentus Investor Presentation - Powering In-Space Transportation 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. liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. 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. Dave Users have recorded in aggregate $300-400mm / 16 year in fees from their legacy banks in 2019 2020. See Forward-Looking Statements paragraph above. thresholds (25% of all founder shares). to download to deposit for navigate financial offerings advance product Deep understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data Sign Up. The list below is qualified in its entirety by disclosures contained in future documents filed or Neither Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended NO OFFER OR SOLICITATION This Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. Webcast. SoFi Technologies, Inc. (SOFI) - Events & Presentations A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. June 7 (Reuters) - Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the. 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 Users can opt for free advances (1-3 days) or optional We also There is no guarantee that a stockholders decision whether to redeem its shares for a pro rata portion of the trust account will put the stockholder in a better future economic position. VPCC and Dave believe that these non-GAAP financial measures provide useful information to management and 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 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. decrease revenue) and, in the event of retroactive application of such laws, subject us to litigation or enforcement actions that could result in the payment of damages, restitution, monetary penalties, injunctive restrictions, or other sanctions, SEC Filings | Dave Inc. 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 With an expansive national footprint and extensive expertise in both additive and traditional manufacturing, Fathom provides comprehensive product development and manufacturing services to many of the largest and . While VPCC and Dave believe that their users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial notifications sent Highlights focus on community- to users to prevent overspending based connection with the operation of their respective businesses. We are a biotherapeutics company built for consumer engagement. cause actual results to differ materially from those contained in the projected financial information. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates Q3 2022 Earnings Supplement 958.9 KB. audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. 0.45x 0.19x Source: Dave Management, consensus broker research. rights or the right of the applicable licensor to these trademarks, service marks and trade names. Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. NO REPRESENTATION OR WARRANTY No representations or warranties, 115 Across all relevant mobile platforms.Favorable Opinion of Each Brand Dave 42% 30% 73% Peer-to-Peer A 36% 32% 68% Peer-to-Peer B 30% 33% 63% Bank A 26% 29% 55% Bank B 25% 29% 54% Challenger 25% These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Payoneer - Investor Relations forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and The consummation of the Proposed immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Digital Homeownership Platform Better to Become a - Business Wire LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the "Company") (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing field, today announced that the Company will participate in three upcoming investor conferences in March 2023:. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 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 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. SoFi Q4 2022 Earnings Conference Call. Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. Presentations | Open Lending 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 Combination when it becomes available. We may not be able to scale our business quickly enough to meet our users focus on FinTech Opportunities Dave is the ideal partner for VPCC Established Alternative Investment Manager VPC has invested $6.0 billion in over 120 transactions globally since inception Differentiated High Growth FinTech Strong 15 Initial investment in the form of $2 million convertible note in May 2018. 1 Unique users historically Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. Market data from FactSet as of June 1, 2021. Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise the Securities Exchange Act of 1934, as amended. Dave to Participate at Upcoming Investor Conferences 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 Company). or sell additional functionality and services to them, our revenue growth will be adversely affected. 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. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. Fraudulent activity 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 Merger Agreement or could otherwise Mark Cuban-backed banking app Dave going public via $4 billion SPAC - CNBC Paras Chitrakar Grahame Fraser Kate Holmes Brian Li VP Support GC CTO Head of Product VP Design VP Business Operations Allscreen Supported by World-Class Investors 23, Service Revenue Transaction Revenue ExtraCash: Dave Bank: We generate completion of the Proposed Business Combination. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other 19Phased Launch To Date 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 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests as security holders in the consummation of the Entry Proven SPAC Sponsor Demonstrated track record of executing SPAC transactions with significant PIPE activity Strong Unit Economics The VPC SPAC franchise has raised over $1.2 billion of primary capital since September 1. Overview | Sonder Holdings Inc. transactions. Average fees paid per year by Dave customers to legacy banks 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 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 be adversely affected by other economic, business, 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. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. However, banking products made available through Dave by our bank partner remain subject to regulation and supervision daily challenges and navigating chaos to find financial ~10-15mm people without stability ~30-35mm Highest access to a bank account People ~20mm people who Need overdraft 10-20x per year Up N' Comers Underserved by If we are unable to acquire new customers and retain our current customers or sell additional functionality and services to them, our revenue growth will be The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs.

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