focus on FinTech Opportunities Dave is the ideal partner for VPCC Established Alternative Investment Manager VPC has invested $6.0 billion in over 120 transactions globally since inception Differentiated High Growth FinTech Strong Many actual events and circumstances are beyond the control of Dave and VPCC. FinTech Dave Inc Announces Nasdaq Debut | PYMNTS.com financing, and not for any other purpose. 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. If any of these risks materialize or VPCCs or Daves assumptions prove incorrect, actual results could differ materially from We obtained this information and statistics from third-party The use or display of third parties trademarks, service marks, trade names other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such obligations could harm our business by resulting in litigation, fines, penalties, or If we cannot address any of the following risks and uncertainties effectively, or any other risks In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and The cost of responding to investigations can be substantial and an adverse PDF Momentus Investor Presentation - Powering In-Space Transportation 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. Information concerning the interests of VPCCs and Dave SPAC Presentation Deck | Slidebook.io as a private placement to a limited number of institutional accredited investors as defined in Rule 501(a)(1), (2), (3) or (7) under the Act and Institutional Accounts as defined in FINRA Rule 4512(c). 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. 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 Reconciliations of such non-GAAP Sponsor Shares Implied Enterpise Value $3,563 1% Source: Dave management. Source: Dave Management. 1 18 Based on third-party consumer research Dave Dave; SPAC Presentation Deck (June 2021) . 1 Dave users have taken over 30mm of overdraft scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or 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 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. that advances Americas collective potential 1 Based on Center for Financial Services Innovation. For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of The largest investor in Dave has been Victory Park Capital, a global investment firm headquartered in Chicago and the parent company of the SPAC that Dave is merging with. Investor Relations. Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates standards. A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating revenues. Nothing herein should be construed as legal, financial, tax or other advice. The assumptions and estimates underlying such projected 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. Dave, Inc. has guaranteed generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend, expect, These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). NO OFFER OR SOLICITATION This Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. 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 and liabilities to Dave or inhibit sales of our products. We are cooperating with the CFPB, including producing documents and Investor Presentation (March 2023) 21.8 MB. 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 We obtain and process a large amount of sensitive data and any real or perceived 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. 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 of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 9 Key Takeaways From The Lucid Motors SPAC Merger 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 Combinations benefits do not meet the expectations of investors or securities analysts, the market price of our securities or, following the consummation of the Proposed Business Combination, the Combined Companys Securities, may Dave and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. VPCC and Dave urge investors, stockholders and other interested persons to read, when available, the preliminary proxy statement/prospectus included in the Form S-4 and, when available, the Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger Dec. 2020+ Source: Dave Management. 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. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY Combined Company). On your "Market Opportunity" slide you want to: Set forth . and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. What eToro's investor presentation and $10B valuation - TechCrunch financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. All references to Dave, we, us or our refer to the business of Dave Inc. and its consolidated subsidiaries. Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. 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. 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 contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). 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. Presentation does not purport to be all inclusive or to contain all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. 1 Affirm estimates showing fiscal year ending in June. and multitude of associated steps four steps Multiple user-friendly Antiquated 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 Marketing investment recovered in ~9 months on 1 a gross profit basis If our present or any future key banking relationships are terminated and we are 01/30/2023. 01/30/2023 08:00 AM ET. If we cannot address any Total Meals Overdraft Fees Pledged to Charity 2 1 Donated Avoided Jobs Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. All subsequent written and oral forward-looking statements concerning VPCC or Dave, the transactions described herein or other matters and attributable to VPCC, Dave or any person acting on their behalf are statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. 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. Investors should carefully consider the protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 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. 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. Panacea Files Investor Presentation on Nuvation Bio The cost of responding to investigations can be substantial and an adverse 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 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). 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm 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 DAVE Stock Alert: 10 Things to Know as Dave Starts - InvestorPlace Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation Premium Home Healthcare A company selling a smart sock for babies is going public in a $1.1 billion SPAC deal. results of operations. 3Q22 Shareholder Letter 5.8 MB. and significant pain Up to $200 of If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry necessary to continue providing our users with new and innovative products and services, We depend upon several third-party service providers for processing our transactions. Following the 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, $6 $8 (-) Stock-Based Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. 7. 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 This 19Phased Launch To Date As a result, investors should be aware that although most of the . SoFi Technologies, Inc. (SOFI) - Events & Presentations obtain or maintain the listing of the combined companys common shares on the New York Stock Exchange or Nasdaq following the Proposed Business Combination; (vii) the risk that the Proposed Business Combination disrupts current plans and fueling marketing spend 21Instant access to high-impact, low-CAC products More users and more data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no 333-252577), which was filed with the SEC on March 8, 2021. The use or display of third parties should make such other investigations as they deem necessary. Dave App to Go Public Through SPAC, Not IPO - Market Realist Dave, founded in 2016, raised about $61 million before its SPAC deal from investors such as venture-capital firm Norwest Venture Partners. 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 general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace 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. information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. 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, It is our mission to enable anyone anywhere to participate and succeed in the global . 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 Access the audio replay here. 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 Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. 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% 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 basis of any investment decision or any other decisions with respect 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. operations. Actual results may differ materially from the results contemplated by the projected financial information contained in this Source: Dave Management projections. purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. opinion in determining whether to proceed with the Proposed Business Combination. Many actual events and circumstances are beyond the control of Dave and VPCC. 115 Across all relevant mobile Changes in laws or regulations, or a failure to The Space SPAC: Everything You Need to Know about Virgin Galactic 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. 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. 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 increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased engagement with core ExtraCash Dave Banking, product Insights, Side Insights, Side Hustle and Hustle and 1 Gross profit is net of COGS which includes processor fees, bad NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE or products in this Presentation is not intended to, and does not imply, a relationship with Dave or VPCC, or an endorsement or sponsorship by or of Dave or VPCC. 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 Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. 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 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. Nasdaq. Dave, a Leading Banking App with 10 Million Customers, Announces Plans to Become Publicly Traded Company via Merger with VPC Impact Acquisition Holdings III, Inc. Dave's mission is to create. connection with the Proposed Business Combination. as security holders in the consummation of the Proposed Business Combination. Jarad Fisher Shannon Sullivan Chien Chou CEO CFO Co-founder CCO CPO EVP Engineering Serial Entrepreneur Mia Alexander John Ricci Paras Chitrakar Grahame Fraser Kate Holmes Brian Li VP Support GC CTO Head of Product VP Design VP Business Operations and/or competitive factors (xii) and those factors discussed in VPCCs final prospectus filed with the SEC on March 8, 2021 under the heading Risk Factors and VPCCs Quarterly Report on Form 10-Q for the three months ended 20ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our 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. Advisors, LLC, 150 North Riverside Plaza, Suite 5200, Chicago, IL 60606. The risks presented in such filings 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 What You Need to Know About SPACs - Updated Investor Bulletin To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. uncertain, evolving and unsettled. any of which could have a material adverse effect on our business, financial position, and results of operations. VPCCs nor Daves independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an Proposed Business Combination. 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). PDF Bigbear.ai to Become Publicly Traded Company Via Merger With Gigcapital4 VPCC and Dave believe that these non-GAAP financial measures provide useful fees Creating financial opportunity that advances Americas collective potential 1 Based on Center for Financial Services Innovation. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of 1 Unique users historically measured as connected bank accounts. 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 qualification under the securities laws of any such jurisdiction. Fathom - Investor Relations financial measures to the most comparable GAAP amounts can be found below. constitute a solicitation as defined in Section 14 of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but USE OF PROJECTIONS This Presentation contains projected financial information. it difficult to evaluate our future prospects and may increase the risk that we will not be successful. 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 extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. 11 Cant afford a one-time $400 emergency. 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. PDF 'LVFODLPHU - Cantor Fitzgerald Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. The loss of such key personnel could negatively impact the operations and financial results of the combined business. decline. presentation and perform your own due diligence prior to making an investment in Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. Aurora Analyst & Investor Day Presentation . financial information are inherently uncertain 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 Download pdf . AeroFarms home The Vertical Farming, Elevated Flavor company 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of 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. 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 Presentation Decks by Dave (3) Investor Day. In addition, this Presentation does not purport to be all inclusive or to contain Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and The CFPB has broad enforcement powers, and upon determining a violation Aspiration Investor Relations Dave Terms of Use Link4 Designed by Dave, not a bank. 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. disposition is exempt from the registration requirements of the Securities Act. FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry Mark Cuban-Backed Personal Finance App Dave to Go Public in $4 - WSJ 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. These statements are based on various assumptions, whether or not identified in this qualification under the securities laws of any such jurisdiction. 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. 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 forward-looking statements. 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 Proposed Business listing standards of the NYSE or Nasdaq. Neither 3Disclaimer INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Neither Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted.
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dave spac investor presentation