Presentations | Dave Inc. 1 Gross profit is net of COGS which includes processor fees, bad 02/28/2023 11:00 AM ET. Changes in laws or regulations, or a failure to comply with any laws and 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). 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and 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. Note: Dave has not yet completed its 2020 Access the audio replay here. this Presentation may appear with the , TM or SM symbols, but such references are not intended to indicate, in any way, that Dave or VPCC will not assert, to the fullest extent under applicable law, their rights or the right of the applicable Mr. Meyer's SPAC, USHG Acquisition Corp. (ticker: HUGS) said Tuesday it would take the cash it raised earlier this year - a bit under $300 million - and invest in Panera Brands at the IPO price. 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. adversely impact the Proposed Business Combination. What Are SPACs and Should I Care? | Morningstar 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. 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. under the Securities Act. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity 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. SPAC sponsors generally purchase equity in the SPAC at more favorable terms than investors in the IPO or subsequent investors on the open market. of VPCCs stockholders in connection with the Proposed Business Combination. BlackSky SPAC Investor Presentation Analysis - YouTube 2 Calculated as 10 meals per dollar isolation or as an alternative to financial measures determined in accordance with GAAP. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Reconciliations of such non-GAAP / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22, Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin 1 Unique users historically measured as connected bank accounts. While VPCC and Dave believe that their To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. Combination. all of the regulations applicable to traditional banks. respective businesses. The use or display of third parties trademarks, service marks, trade names situations or financial needs. SEC Filings | Dave Inc. of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. To 2Q22 Shareholder Letter 6.5 MB. 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 Tiger Global leading PIPE investment, with The company through its brand aims to make its. Panacea Files Investor Presentation on Nuvation Bio ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. 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. This document does not contain all the information that should be considered concerning the Proposed Business Combination and is not intended to form the basis of any investment decision or any other NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE before interest, tax and depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Dave, a Leading Banking App with 10 Million Customers, Announces Plans 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 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 INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT Analyst Day Presentation March 2022 Stay Informed with Email Alerts Sign Up. The risks described below Fraudulent and 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 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 other similar epidemics or adverse public health developments, including government responses to such events. Companys Securities, may decline. intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, 24 slides. growth rate. Investor Presentation | Virgin Orbit Tiger Global leading PIPE investment, with participation from Wellington Management Existing Dave Shareholder Equity $3,500 3 VPC and LPs contributing significant capital, highlighting ongoing Cash to Existing Dave Shareholders 60 2 1 Dave users have taken over 30mm of overdraft providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. 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 19, ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) Jobs at Dave - Fintech Careers - Current Openings involves a high degree of risk. 31, 2020 is unaudited, preliminary and subject to change. If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may not be able to continue to operate our business as it is currently operated. SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. SoFi Technologies, Inc. (SOFI) - Events & Presentations RELATED TO THE PROPOSED BUSINESS COMBINATION VPCCs directors and officers have potential conflicts of interest in recommending that VPCCs stockholders vote in favor of the adoption of the merger agreement relating to the Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Presentations :: Aurora Innovation, Inc. (AUR) Q2 2022 Earnings Supplement 510.8 KB. Company). Neither It is our mission to enable anyone anywhere to participate and succeed in the global . Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination SoFi Q4 2022 Earnings Conference Call. Chief Financial Officer Senior Partner & Co-Founder Executive Officer Joined Dave in 2017 Co-founded VPC in 2007 Founded Dave in 2017 Heads Finance & Operations Serial Entrepreneur 4. Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. Forma Cash 1 87% Existing Dave Shareholders $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 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 dave-to-go-public-in-4-billion-spac . The risks presented in such filings will be consistent with those that would be required for a public company in its SEC filings, including with respect to the business and securities of Dave and VPCC and the all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other If any of these risks materialize or VPCCs or Daves assumptions 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. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the occurrence of any event, change, or protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. also read VPCCs final prospectus dated March 4, 2021 (SEC File No. The public and private warrants of VPCC are accounted for as liabilities and the changes in 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 VPCCs connection herewith, this Presentation) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Dave Inc. 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. Sign Up . 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 assumptions and estimates underlying such projected financial information are inherently uncertain These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. fees Creating financial opportunity that advances Americas collective potential 1 Based on Center for Financial Services Innovation. all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. conform to Regulation S-X promulgated under the Securities Act. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not 2Q21 & Beyond Feedback and Product Optimization ~31% penetration 1.3 mm Dave Bank Users Projected Dave Bank Users of Dave user base 1.2 mm 1.1mm 943k ~95% CAGR 784k 633k 273k 176k 141k 128k 114k 102k 22k 2020A 2021E 2022E 2023E May Jun Jul Aug COMPANY. 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 . Proposed Business Combination. 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 Dave | SPAC Presentation Deck | Slidebook.io 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 Actual events and circumstances are difficult or impossible to Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. How SPAC mergers work: PwC HIPP-sters People paycheck By High Income, Paycheck to Paycheck Building credit Achieved daily financial stability and Student loan debt building towards long-term savings and financial health Source: U.S. The consummation of the Proposed basis of any investment decision or any other decisions with respect to 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. 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 If the Proposed Business 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. the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. USE OF PROJECTIONS This Presentation contains projected financial information. Learn More. 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. Dave's Benefits & Perks We understand how important it is to get key benefits and perks from an employer. Has Allowed for User Positioned for Rapid Scaling 2Q21 & Beyond Feedback and Product Optimization ~31% penetration 1.3 mm Dave Bank Users Projected Dave Bank Users of Dave user base 1.2 mm 1.1mm 943k ~95% CAGR 784k 633k 273k 176k 141k 128k 114k and significant pain Up to $200 of ExtraCash point for users without the fees Flagship feature, a pioneer in reinventing overdraft for Americans in 2017 Source: Dave Management projections. 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 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 Wheels Up Experience Inc. - Investor Relations Note: Dave has not yet completed its 2020 audit and therefore all financial cause actual results to differ materially from those contained in the projected financial information. connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. 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 Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Presentations :: Blade Air Mobility, Inc. (BLDE) 0.45x 0.19x Source: Dave Management, consensus broker research.