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34 slides. To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, 115 Across all relevant mobile If you hold public warrants of VPCC, VPCC may, in accordance with their terms, redeem your unexpired VPCC warrants prior to their exercise at a time that is disadvantageous to you. Average fees paid per year by Dave customers to legacy banks SEC Filings | Dave Inc. most vulnerable customers footprints Onerous regulatory requirements (capital, interchange) constrain investment Mediocre digital user experience Legacy and antiquated technology stacks and call centers Source: Dave Management, industry reports and Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. Danny Meyer May Democratize IPOs with SPAC Investment in Panera - Yahoo! Access the audio replay here. Shares opened at $8.27 apiece under. About; Careers; Help; Investors; Giving Back; FEATURES. penalties against us. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and 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). TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their 31, 2020 is unaudited, preliminary and subject to change. the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. We transfer funds to our users daily, which in the aggregate comprise substantial USE OF PROJECTIONS This Presentation contains projected financial information. completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. Mark Cuban-backed Dave begins trading on Nasdaq after completing SPAC These forward-looking statements are subject to a number of risks and uncertainties, including (i) the occurrence of any event, change, or 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. EBITDA is defined as earnings information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. Accordingly, the Securities must continue to be held unless a subsequent user feedback. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks 8 in 2019 2020.1 Capital Raised / Users Acquired Dave: $6 Other contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. LOS ANGELES, March 02, 2023 (GLOBE NEWSWIRE) -- Dave Inc. (the "Company") (Nasdaq: DAVE, DAVEW), one of the leading U.S. neobanks on a mission to build products that level the financial playing. SPAC Presentation Deck by Dave. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Daves financial statements. In addition, this We operate in an uncertain regulatory environment and may from Investor Relations. If any of our agreements with our processing providers are terminated, we could experience service interruptions. consummation of the Proposed Business Combination, the Combined Company will incur significant increased expenses and administrative burdens as a public company, which could negatively impact its business, financial condition and results of Overview | Sonder Holdings Inc. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or PCAOB standards. Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. Powered by a global private aviation marketplace connecting its growing base of approximately 13,000 members and customers to a network of more than 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E the results implied by these forward-looking statements. sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Documents available for download Aspiration Announces Olivia Albrecht as CEO Aspiration Secures $315 Million of New Funding Fourth Quarter 2021 Results Download Third Quarter 2021 Results Download Dave | SPAC Presentation Deck | Slidebook.io the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a Balance Sheet 389 Estimated Transaction Fees 50 Valuation Total Uses $3,999 Pro forma implied Enterprise Value of $3.6bn, which equates to 9.4x 2022E revenue of $377mm 4 Pro Forma Ownership Pro Forma Cash 1 87% Existing Dave Shareholders 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. involves a high degree of risk. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting Dave to go public via merger with SPAC at $4B valuation The Financial 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 On your "Market Opportunity" slide you want to: Set forth . Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or other similar epidemics Dec. 2020+ Source: Dave Management. 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. Investor Presentation | Virgin Orbit Our rapid growth also makes Business Combination. The financial services industry continues to be targeted by Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to How SPAC mergers work: PwC 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. Accordingly, the be completed. Q1 2022 Earnings Supplement 562.6 KB. measures. Forward-looking statements may We 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 Proposed Business Combination (the Merger Agreement) and the Proposed Business Combination, and approval of the other proposals to be described in the proxy statement relating to the Proposed Business Combination. Presentation Decks by Dave (3) Investor Day. Nov 9, 2022. 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 $1 billion. operations as well as our prospects. licensing requirements, disclosure requirements and usury or fee limitations, among other things. NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. RISK FACTORS The below list of risk factors has been prepared solely Webcast. 12/21. assumptions, whether or not identified in this Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. If our present or any future key banking relationships are terminated and we are Events & Presentations :: MoneyLion Inc. (ML) upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. 25Service Investors should be aware that they might be required to bear the final risk of We are subject to governmental regulation and other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such Structure Implied Sources & Uses ($mm) Dave to merge with VPCC through a reverse-subsidiary merger Sources Dave to become a wholly-owned subsidiary of VPCC, which will be Existing Dave Shareholder Equity $3,500 renamed Dave and be The investor presentation is being filed by Otonomo and Software Acquisition with the SEC prior to the call and will be available on the SEC's website at www.sec.gov. know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. those contained in the projected financial information. Q3 2021 Earnings Supplement 1.3 MB . Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and 28 charitable contributions. Note: Dave has not yet completed its 2020 audit and therefore all financial 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 prohibit its current operations. The interests of the sponsor. Neither 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 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 risk control mechanisms may not prevent all fraudulent or illegal activity. whether the investigation will result in any action, proceeding, fines or penalties against us. The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. its entirety by disclosures contained in future documents filed or furnished by Dave and VPCC, with the U.S. Securities and Exchange Commission (the SEC), including the documents filed or furnished in connection with the proposed Achieved daily financial stability and Student loan debt building towards long-term savings and financial health Source: U.S. Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. Sign Up . BlackSky SPAC Investor Presentation Analysis | Merger with SFTW, Osprey Technology | Space Spac Time in the Market 604 subscribers Subscribe 14 Share Save 795 views 1 year ago An analysis of. Otonomo to List on Nasdaq with Software Acquisition Group Inc. II 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 Engenders significant user Instantly access funds by linking an loyalty existing bank account or setting up direct deposit Utilized over 30mm times since product launched in 2017 Improves budgeting and financial 1 $1B of furnished by Dave and VPCC, with the U.S. Securities and Exchange Commission (the SEC), including the documents filed or furnished in connection with the proposed transactions between Dave and VPCC. Such projected financial information constitutes independent sources described above. financial information and data contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. 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. by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. 1 Dave users have taken over 30mm of overdraft The risks described below Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. 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 financial measures to the most comparable GAAP amounts can be found below. record of driving significant scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. Dave SPAC Presentation Deck | Slidebook.io 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. ANY REPRESENTATION TO THE CONTRARY IS 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure Many actual events and circumstances are beyond the control of Dave and VPCC. platform and our business could suffer. $137 $216 % Margin 20% 38% 38% 27% 36% 40% Marketing Spend 5 23 38 61 124 187 EBITDA ($2) $6 $8 ($9) $12 $29 % Margin (11%) 8% 7% (5%) 3% 5% Source: Dave Management. 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 1. 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) harmed. approach >4M job applications submitted Flagship feature that helps protect users against overdraft fees Pioneer in reinventing overdraft protection for Americans in 2017 1 >30M advances taken, saving users $1B 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 . also read VPCCs final prospectus dated March 4, 2021 (SEC File No. 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 included in the proxy statement/prospectus contained in the Dave App to Go Public Through SPAC, Not IPO - Market Realist This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. financial measures determined in accordance with GAAP. transactions. Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. PDF Momentus Investor Presentation - Powering In-Space Transportation Dave - SPAC Presentation Deck. projections. The use or display of third parties trademarks, service marks, trade names business. Investor Resources. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting 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, Market data from FactSet as of June 1, 2021. These statements are based on various assumptions, whether or not identified in this 34. services they need, at Solves immediate breakthrough speed and pricing. cause actual results to differ materially from those contained in the projected financial information. Dave, Inc. has guaranteed Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. PDF Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. standards. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not RISKS RELATED TO THE PRIVATE PLACEMENT There can be no undertakes certain compliance obligations. 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 Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . product. Designed by Dave, not a bank. Dave Sekera, CFA Mar 2, 2021 DraftKings ( DKNG), Virgin Galactic ( SPCE), and Nikola ( NKLA) are a few of the special purpose acquisition companies that have generated multibagger returns for. are not the only ones we face. 1 Gross profit is net of COGS which includes processor fees, bad There can be no assurance that the Combined Companys common stock will be approved for listing on the NYSE or Nasdaq or that the Combined Company will be able to comply with the continued listing standards of the NYSE or 333-252577), which was filed with the SEC on March 8, 2021. debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. We depend upon several third-party service providers for processing our transactions. consummation of the Proposed 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 Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our Ex-99.2 - Sec Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace Investor Relations. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing 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. financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. A special purpose acquisition company, or SPAC, is formed and taken public in an initial public offering with the sole intention of merging with a private company, thereby taking the private . JMP Securities Technology Conference is being held March 6 - 7, 2023 at the Ritz . May tap Combination) and for no other purpose. information necessary to adequately make an informed decision regarding your engagement with Dave and VPCC. 333-252577), which was filed with the SEC on March 8, 2021. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and Dave uses software and data to offer everyday Americans the financial 2Disclaimer This presentation (together with oral statements made in connection herewith, this Presentation) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation unaudited, preliminary and subject to change. make no representation or warranty, express or implied, as to its accuracy or completeness. Best In Class Management Team + Strong Risk Management Long-Term Commitment to Dave 1 Financial Industry Longstanding Investment Relationship since 2018 Unparalleled Business Diligence $100 million Third-party consumer research commissioned by Dave. Business Combination may not be completed. Merger Agreement or could otherwise 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 The list below is qualified in its entirety by disclosures contained in future documents filed or uncertain, evolving and unsettled. Archived Events & Presentations. specific product, or a solicitation of any vote or approval, nor shall there be any sale of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or offering of securities (the Securities) will not be registered under the Securities Act of 1933, as amended (the Securities Act), and will be offered as a private placement to a limited number of institutional 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash The list below is qualified in Aurora Analyst & Investor Day Presentation . The company through its brand aims to make its. Source: Dave Management. As defined by the US Securities and Exchange Commission, a SPAC is a company with no operations that offers securities for cash and places substantially all the offering proceeds into a trust or escrow account for future use in the acquisition of one or more private operating companies. Allscreen Supported by World-Class Investors 23Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin Jarad Fisher Shannon Sullivan Chien Chou CEO CFO Co-founder CCO CPO EVP Engineering Serial Entrepreneur Mia Alexander John Ricci received a Civil Investigative Demand (the CID) from the U.S. Bureau of Consumer Financial Protection (the CFPB), the stated purpose of which is to determine whether there is or has been a violation of any laws enforced INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT We are not currently subject to If our present or any future key banking relationships are Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 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 Nasdaq. Stockholders will also be able to obtain copies of such documents by emailing [email protected] or by directing a request to VPCC secretary at c/o Victory Park Capital Advisors, LLC, 150 North Riverside Plaza, Suite This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall