1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products offered by financial technology companies such as Dave is often 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 Combination. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. EBITDA is defined as earnings other similar epidemics or adverse public health developments, including government responses to such events. Marketing investment recovered in ~9 months on 1 a gross profit basis comply with any laws and regulations, may adversely affect our business, including our ability to consummate the Proposed Business Combination, and results of operations. Market data from FactSet as of June 1, 2021. 1. It is not intended to form the Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue improper or unauthorized use of, disclosure of, or access to such data could harm our reputation as a trusted brand, as well as have a material adverse effect on our business. Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. 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. Q3 2022 Earnings Presentation. cumulative compared to observable revenue in four years historical data ~5x Excludes potential benefits from future product releases ~6 mos breakeven Flexibility to invest more $124M marketing dollars with attractive returns over time Y1 Y2 Y3 Y4 This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall Transaction Structure Implied Sources & Uses ($mm) Dave to 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. financial measures determined in accordance with GAAP. Advisors, LLC, 150 North Riverside Plaza, Suite 5200, Chicago, IL 60606. 1 Unique users historically measured as connected bank accounts. VPCCs Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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). Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. 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 . Economic, political and other conditions may adversely affect trends in consumer spending. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed However, banking products made available through Dave by our bank partner remain subject to regulation and supervision 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. The Credit Facility contains accounts and Dave bank accounts.1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 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 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to On your "Market Opportunity" slide you want to: Set forth . Many actual events and circumstances are beyond the control of Dave and VPCC. 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 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. Marketing) 4 13 29 58 87 113 EBITDA pre-Marketing $4 $29 $46 $52 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 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. NEW YORK-- ( BUSINESS WIRE )--Better HoldCo, Inc. (" Better " or the " Company "), one of the fastest-growing digital homeownership platforms in the U.S., and Aurora Acquisition Corp. (NASDAQ:. One of our wholly-owned subsidiaries, Dave OD 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 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. upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. LOS ANGELES and CHICAGO - June 7, 2021 - Dave, the banking app on a mission to create financial opportunity that advances America's collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) ("VPCC"), a special purpose acquisition company sponsored by Victory Park Capital ("VPC"), today announced that they have entered into basis of any investment decision or any other decisions with respect to the Proposed Business Combination. The combined companies would have an enterprise value of approximately $9.3 billion, the SPAC said. Neither The combination between Victory Park Capital's blank-check company and the banking app Dave is expected to be complete by the third or fourth quarter. We depend upon several third-party service providers for processing our Investor Relations. including (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger, dated June 7, 2021 (the Merger Agreement); (ii) the outcome of any legal proceedings 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 information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. For example, in May 2020, we any exemption under the Securities Act. Learn More. $6 $8 (-) Stock-Based Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. 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 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. differences may be material. make no representation or warranty, express or implied, as to its accuracy or completeness. Our proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are immaterial that could also cause actual results to differ from licensor to these trademarks, service marks and trade names. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. established for voting on the Proposed Business Combination. A long-term bet on space tourism After 15 years of design, development, and testing, Virgin Galactic has successfully shown that its. valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. user feedback. 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. PCAOB standards. Legal Disclaimers 3 Important Information For Investors and Shareholders; Participants in Solicitation In connection with the proposed business combination, Spartan will be required to file a registration statement (which will include a proxy statement/prospectus of Spartan) and other relevant documents with the Such projected financial information constitutes rights or the right of the applicable licensor to these trademarks, service marks and trade names. 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, rss_feed RSS Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such Nothing herein should be construed as legal, financial, tax or other advice. Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 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). 5200, Chicago, IL 60606. May tap The VPCC board has not obtained and will not obtain a third-party PARTICIPANTS IN THE operations as well as our prospects. Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. The ability to successfully effect the Proposed Business Combination and the Combined Companys ability to successfully operate the business thereafter will be largely dependent upon the Fraudulent activity The loss of such key personnel could negatively impact the operations and financial results of the Webcast. Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates any of which could have a material adverse effect on our business, financial position, and results of operations. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. 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 31, 2020 is unaudited, preliminary and subject to change. and subject to change. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not Nothing herein should be construed as legal, financial, tax or other advice. 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 connection with the Proposed Business Combination. 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. Each of VPCC and Dave expressly disclaims any are not the only ones we face. IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, a Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. Source: Dave Management. Momentus Investor Presentation - Powering In-Space Transportation should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, 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% For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of Accordingly, the 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 . assurance with respect thereto for the purpose of this Presentation. contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. The transfer of A PIPE of $210 million was led by Tiger. 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) Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business Combination), and solely for potential investors in the proposed Q1 2022 Earnings Supplement 562.6 KB. The company through its brand aims to make its. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. Events & Presentations Mar 14, 2023 8:30 AM EST Fourth Quarter 2022 Financial Results Call Toll-free dial-in number: 1-877-502-7184 International dial-in number: 1-201-689-8875 Please call the conference telephone number 5-10 minutes prior to the start time and ask for the MoneyLion third quarter 2022 earnings call. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our You should review the investors undertakes certain compliance obligations. and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Dave and VPCC have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT resolution to an investigation, including a settlement or consent order, may have a material adverse effect on our business, financial position, and results of operations us some or all of which may be material to our business and results of 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. 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 20, Instant access to high-impact, low-CAC products More users and more 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 results of operations. The VPCC board has not obtained and will not obtain a third-party valuation or financial Combined Company). December 31, 2020 is unaudited, preliminary and subject to change. We transfer funds to our users daily, which in the aggregate comprise Currently, founder and CEO of Dave, a leading challenger bank focused on lifting the collective potential of America. To We are not currently subject to all of the regulations applicable to traditional banks. Note: Dave has not yet completed its 2020 audit and therefore all financial We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. Structurally High Fees, Low Created by Bloated Bank Cost Accessibility, and Poor Customer Structure & Innovators Service Dilemma Overdraft ($35) and minimum balance fees Massive and expensive brick / mortar ($10) for the obligations could harm our business by resulting in litigation, fines, penalties, or adverse publicity and reputational damage that may negatively affect the value of our business, and compliance with such laws could also result in additional costs forward-looking statements. product. This adversely impact the Proposed Business Combination. FinTech Dave Inc. merged with the publicly traded special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III Inc. and will go public on Nasdaq on or about on Thursday (Jan.. 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. Nov 9, 2022. Some of the since 2018 Unparalleled Business Diligence $100 million 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 Dec. 2020+ Source: Dave Management. VPCC and Dave believe that these non-GAAP financial measures provide useful information to management and SPAC. 24 slides. decline. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate.EV / 2022E Revenue EV / 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. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. in VPCCs final prospectus dated March 4, 2021 (SEC File No. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. 0.45x 0.19x Source: Dave Management, consensus broker research. 25Service agreements with our processing providers are terminated, we could experience service interruptions. RISK FACTORS The below list of risk factors has been prepared solely debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.