Information concerning the interests of VPCCs and Daves participants in the 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 . registration statement on Form S-4 is expected to be filed by VPCC with the SEC. 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. Q2 2022 Earnings Supplement 510.8 KB. the VPCC voting securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. RISKS RELATED TO THE PRIVATE PLACEMENT 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 . SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. May tap into the gig economy for extra help Existing bank relationship ~100- not helping 120mm Getting Living paycheck-to- Accordingly, the 2020 is unaudited, preliminary and subject to change. Many actual events and circumstances are beyond the control of Dave and VPCC. To Invest or Not to Invest in SPACs | Morningstar those contained in the projected financial information. Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. You should review the investors Dave. 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 Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in Going forward, unique users represents combination of connected bank accounts and Dave bank accounts. The ability to successfully effect the Proposed Business Combination and the Combined Companys ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel 2020 (4 SPACs + Bakkt PIPE transaction) Growing Addressable Market Best In Class Management Team + Strong Risk Management Long-Term Commitment to Dave 1 Financial Industry Longstanding Investment Relationship for purposes of the proposed private placement financing (the Private Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business platform and our business could suffer. Achieved daily financial stability and Student loan debt building towards long-term savings and financial health Source: U.S. Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 2022E 2023E 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 notifications sent Highlights focus on community- to users to prevent overspending based approach >4M job applications submitted Flagship feature that helps protect users against overdraft fees Pioneer in PDF I N V E S T O R P R E S E N T A T I O N - Sunlight Financial 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. Dave SPAC Presentation Deck | Slidebook.io 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 Nasdaq. SEC Filings | Dave Inc. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of VPCCs directors and executive officers Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. . qualification under the securities laws of any such jurisdiction. obligations or undertaking to release publicly any updates 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 01/30/2023. 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, An oversubscribed PIPE deal that saw shares priced at $15 . 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 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. Additionally, all information in Daves 34 slides. practices (which may increase our operating expenses and/or 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, Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our Our necessary to continue providing our users with new and innovative products and services, the use of our platform and other products and services could decline. Our recent rapid growth, including growth in our volume of payments, may not be indicative of future growth, and if we continue to grow rapidly, we may not be able to manage our growth effectively. Investor Resources. of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. under the Securities Act. Katapult Transaction. in VPCCs final prospectus dated March 4, 2021 (SEC File No. transactions. 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 investment decision in respect of the Business The public and private warrants of VPCC are accounted for as liabilities and the changes in VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to Webcast. PARTICIPANTS IN THE SOLICITATION VPCC, Dave and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. If we are unable to acquire new customers and retain our current customers upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. 1 minute read. results of operations. The company through its brand aims to make its. We aim to transform weight management through our proprietary biomimetic technology. 9 Key Takeaways From The Lucid Motors SPAC Merger If any of our up to $25,000,000 of Dave OD Fundings obligations under the Credit Facility, and currently that limited guaranty is secured by a first-priority lien against substantially all of Dave, Inc.s assets. Its . & Tech spending patterns; limits Learning to deliver fast and technology stack user offering inexpensive solutions #1 favorable opinion of ~20pp behind Dave in user Negative NPS scores for 4 Beloved 1 1 consumer finance apps satisfaction large Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. You should review the investors presentation and perform your own due diligence prior to making an investment in disposition is exempt from the registration requirements of the Securities Act. Company). 1 18 Based on third-party consumer research monetary penalties, injunctive restrictions, or other sanctions, any of which could have a material adverse effect on our business, financial position, and results of operations. Investor Tools. platforms. Transcript. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing Dave positions itself as a company that enhances access to financial services. Following the Combined Company). 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 15 Initial investment in the form of $2 million convertible 31, 2020 is unaudited, preliminary and subject to change. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 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 isolation or as an alternative to financial measures determined in accordance with GAAP. all of the regulations applicable to traditional banks. 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% Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. limitations, among other things. This Presentation shall not EV / 2022E Revenue EV / Revenue EV / 2023E Revenue 19.3x 17.7x 16.9x The assumptions and estimates underlying such projected If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry 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 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 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. forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. In addition, this Presentation does not purport to be all inclusive or to contain PCAOB standards. One of our wholly-owned 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. These forward-looking statements are subject to a number of risks and uncertainties, Investor Presentation (March 2023) 21.8 MB. 11 Cant afford a one-time $400 emergency. 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 Otonomo to List on Nasdaq with Software Acquisition Group Inc. II the Securities Exchange Act of 1934, as amended. 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 as security holders in the consummation of the Proposed Business Combination. Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. 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 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 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 opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. Dave, founded in 2016, raised about $61 million before its SPAC deal from investors such as venture-capital firm Norwest Venture Partners. 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 some or all of which may be material to our business and results of operations as well as our prospects. 6 3 Maximum proceeds to select existing AeroFarms home The Vertical Farming, Elevated Flavor company Neither VPCCs nor Daves independent 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 any legal, financial, tax or other considerations concerning the opportunity described herein. Archived Events & Presentations. The transfer of 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. and consummation of the Proposed Business Combination; (viii) the ability to recognize the anticipated benefits of the Proposed Business Combination, which may be affected by, among other things, competition, the ability of Dave to grow and manage 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. 10, Daves Estimated Chaos Climbers User TAM Overcoming If any of these risks materialize or VPCCs or Daves assumptions prove incorrect, actual results could differ materially from Payoneer - Investor Relations by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. 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) vote by VPCCs stockholders in connection with the Proposed Business Combination and other matters as described in the Form S-4, as well as a prospectus of VPCC relating to the offer of the securities to be issued in connection with the The interests of the sponsor. 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 VPCCs 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. 0.28 -0.00 ( -1.62% ) Vol: 76,441. Some data is also based on the good faith estimates of Dave and VPCC, which are derived Dave Inc. (DAVE) Stock Price, News, Quote & History - Yahoo! 45% 56% 62% 57% 59% 62% Service Revenue $533 $329 189 $377 CAGR: 98% $223 CAGR: 116 112% $193 $111 22 344 $122 262 $75 $76 171 $43 121 $17 $8 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020P 2021E 2022E 2023E Rapid scaling and 60% YoY Proven Note: Dave has not yet completed its 2020 audit and therefore 1 Unique users historically measured as connected bank accounts. Dave uses software and data to offer everyday Americans the financial agreements with our processing providers are terminated, we could experience service interruptions. 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 by the CFPB. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement to be filed by VPCC with the SEC. Rewards, and Side Hustle Source: Dave Management. The risks presented in such filings 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. 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. If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may Currently, founder and CEO of Dave, a leading challenger bank focused on lifting the collective potential of America. 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 and liabilities to Dave or inhibit sales of our products. 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 Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. We may never achieve or sustain Flexibility to invest more $124M marketing dollars with attractive returns over time Y1 Y2 Y3 Y4 Source: Dave Management projections. prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements include, but Cash Flow Positive Plan Presentation 1.4 MB. 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. 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 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. 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.. $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. 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. 1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 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) connection with the Proposed Business Combination. SPACs explained | Fidelity Presentations :: Blade Air Mobility, Inc. (BLDE) 1 Affirm estimates showing fiscal year ending in June. training. 102k 22k 2020A 2021E 2022E 2023E May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 2021A 2020A No concerted marketing effort all in-app Broad marketing campaign supported demand from existing users by targeted marketing to existing users 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. Dave Users have recorded in aggregate $300-400mm / 16 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. RISKS RELATED TO THE A PIPE of $210 million was led by Tiger. What eToro's investor presentation and $10B valuation - TechCrunch Dave, a Leading Banking App with 10 Million Customers, Announces Plans The risks presented below are certain of Figures in $mm 2018A 2019A 2020P EBITDA ($2) $6 $8 (-) Stock-Based Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace completion of the Proposed Business Combination. 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 the results implied by these forward-looking statements. express or implied are given in, or in respect of, the accuracy or completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. NO OFFER OR SOLICITATION This You should consult your own advisers concerning any legal, financial, tax or other considerations concerning Dave to go public via merger with SPAC at $4B valuation The Financial 25. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in The risks presented below are certain of the general risks related to the business of Dave, the Private Placement and the Proposed Business Combination, and such list is not exhaustive. views as of the date of this Presentation. 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 cause actual results to differ materially from Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of 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 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. 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. 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 4Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief All subsequent written financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. SPAC Presentation Deck by Dave. 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 Ex-99.2 - Sec 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. Presentations | Dave Inc. 1 18 Based on third-party consumer research commissioned by Dave. 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