uncertain, evolving and unsettled. 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. statement/prospectus as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about VPCC, Dave, and the Proposed Business Combination. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or 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 Download pdf . 2020 is unaudited, preliminary and subject to change. While VPCC and Dave believe that their $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% into the gig economy for extra help Existing bank relationship ~100- not helping 120mm Getting Living paycheck-to- HIPP-sters People paycheck By High Income, Paycheck to Paycheck Building credit Combination. You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. 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 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 If our present or any future key banking relationships are terminated and we are Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. 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. 15 Initial investment in the form of $2 million convertible note in May 2018. involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our platform and our business SoFi Q4 2022 Earnings Conference Call. in VPCCs final prospectus dated March 4, 2021 (SEC File No. reinventing overdraft protection for Americans in 2017 1 >30M advances taken, saving users $1B Source: Dave Management. Viewers of this Presentation should each make their own evaluation of 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 understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data & Tech spending patterns; limits Learning to deliver fast and technology platforms. If any of these risks materialize or VPCCs or Daves assumptions prove incorrect, actual results could differ materially from Mark Cuban-Backed Personal Finance App Dave to Go Public in $4 - WSJ Dave Dave; SPAC Presentation Deck (June 2021) . completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. Dave, a Leading Banking App with 10 Million Customers, Announces Plans should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, 1 18 Based on third-party consumer research commissioned by Dave. dave-to-go-public-in-4-billion-spac . rights or the right of the applicable licensor to these trademarks, service marks and trade names. 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a 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. FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are forward-looking statements. audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. There can be no assurance that VIH III will be able to raise sufficient capital in the Private Placement to consummate the Proposed Business Combination or for use by the combined company following the Proposed Business Combination (the PDF Bigbear.ai to Become Publicly Traded Company Via Merger With Gigcapital4 Following the 1 Gross profit is net of COGS which includes processor fees, bad notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. be filed by VPCC with the SEC. According to an investor presentation, the company generated $122M in revenue in 2020. qualification under the securities laws of any such jurisdiction. The transfer of Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Nasdaq. forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. Its . If any of our agreements with our processing providers are terminated, we could experience service interruptions. PDF 'LVFODLPHU - Cantor Fitzgerald scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. 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 go-forward publicly traded company SPAC Cash in Trust 62 slides. 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 The assumptions and estimates underlying such projected SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. Mark Cuban-backed Dave begins trading on Nasdaq after completing SPAC 11 Cant 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. Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PCAOB completion of the Proposed Business Combination. The interests of the sponsor. 01/30/2023 08:00 AM ET. Neither 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. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is Economic, political and other conditions may adversely affect trends in consumer spending. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other 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 We obtain and process a large amount of sensitive data and any real or perceived of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. 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. Advisors, LLC, 150 North Riverside Plaza, Suite 5200, Chicago, IL 60606. Companys Securities, may decline. RISKS RELATED TO THE PRIVATE PLACEMENT In addition, this Presentation does not purport to be all inclusive or to contain 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. 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity Combination), and solely for potential investors in the proposed financing, and not for any other purpose. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of 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. Dave, Inc. has guaranteed Events & Presentations :: MoneyLion Inc. (ML) Market data from FactSet as of June 1, 2021. Average fees paid per year by Dave customers to legacy banks SPAC sponsors generally purchase equity in the SPAC at more favorable terms than investors in the IPO or subsequent investors on the open market. 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief 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. Fraudulent and Evolve Bank & Trust, Member FDIC, holds all deposits and issues . 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 Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. 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 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. The issuance of shares of the Combined Companys securities in connection with the Private Placement will substantially dilute the voting power of the Combined Companys stockholders. 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 which any statement is based, except as required by law. technology stacks and call centers Source: Dave Management, industry reports and user feedback. are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. undertakes certain compliance obligations. 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? Investor Relations Resources & Information Company Overview Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamlessly managed experience. NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE We and subject to change. 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. Some of the financial information and data transactions globally since inception Differentiated High Growth FinTech Strong Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to Forward-looking statements may generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, A PIPE of $210 million was led by Tiger. All subsequent written 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 substantial number of our users to repay funds they receive through the use of our overdraft protection product would harm our business and financial results. Economic, political and other conditions may adversely affect trends in consumer spending. 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 In a deal valued at $3.6B (4.9x 2022E revenue) VPCC is taking Dave, a Leading Banking App with 10 Million Customers, public. Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to connection with the Proposed Business Combination. We are cooperating with the CFPB, including producing documents and If we cannot address any of the following risks and uncertainties effectively, or any other risks Investor Presentation | Virgin Orbit A long-term bet on space tourism After 15 years of design, development, and testing, Virgin Galactic has successfully shown that its. . If we are unable to acquire new customers and retain our current customers Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Q3 2022 Earnings Supplement 958.9 KB. Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. 1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue Additionally, all information in Daves SPAC. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the occurrence of any event, change, or prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. The Credit Facility contains Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. 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. 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 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 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 of the stockholders of VPCC, certain adversely affected. 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 depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting 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 This Presentations | Open Lending providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. Neither VPCCs nor Daves independent 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. These forward-looking statements are subject to a number of risks and uncertainties, shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its Allows users to confidently track First neobank to help respective businesses. We operate in an uncertain regulatory environment and may from those contained in the projected financial information. established for voting on the Proposed Business Combination. 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:. 0.45x 0.19x Source: Dave Management, consensus broker research. What eToro's investor presentation and $10B valuation - TechCrunch Rewards, and Side Hustle Source: Dave Management. upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. Ex-99.2 - Sec We may never achieve or sustain profitability. Currently, founder and CEO of Dave, a leading challenger bank focused on lifting the collective potential of America. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate.EV / 2022E Revenue EV / 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. In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and views as of the date of this Presentation. services they need, at Solves immediate breakthrough speed and pricing. All references to Dave, we, us or our refer to the business of Dave Inc. and Accordingly, the Securities must continue to be held unless a subsequent remediation of practices, external compliance monitoring and civil money penalties. VPCC and Dave believe that the use of these non-GAAP financial measures provides an 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 Momentus Investor Presentation - Powering In-Space Transportation Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash Aurora Analyst & Investor Day Presentation . All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind. About; Careers; Help; Investors; Giving Back; FEATURES. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in any exemption under the Securities Act. 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.. 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 of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY Many actual events and circumstances are beyond the control of Dave and VPCC. The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products Going forward, unique users represents combination of connected bank 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. Valuation: The SPAC deal values Lucid Motors at $11.75 billion. Combination) and for no other purpose. Combination when it becomes available. 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 Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to Entry Proven SPAC Sponsor Demonstrated track record of executing SPAC 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. thresholds (25% of all founder shares). PDF AeroFarms home The Vertical Farming, Elevated Flavor company future, outlook, 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. 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. To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business practices (which may increase our operating expenses and/or Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. Fraudulent activity These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). & Tech spending patterns; limits Learning to deliver fast and technology 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 Dave, 24 slides. The Form S-4 will include a proxy statement to be distributed to holders of VPCCs common stock in connection with VPCCs solicitation for proxies for the vote by VPCCs stockholders in connection 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 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. 1. Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed reformation of contracts, the refund of moneys, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public notifications regarding violations, limits on activities or functions, Aurora Investor Presentation - February 2023 . 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 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.