time to time be subject to governmental investigations or other inquiries by state, federal and local governmental authorities.
However, banking products made available through Dave by our bank partner remain subject to regulation and supervision by banking regulators and Dave, as a service provider to its bank partner, 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 that may be instituted against VPCC and Dave Sponsor Shares Implied Enterpise Value $3,563 1% Source: Dave management. 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 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 its consolidated subsidiaries. Companys Securities, may decline. 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, Victory Park most . If the Proposed Business Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of VPCCs stockholders in Best In Class Management Team + Strong Risk Management Long-Term Commitment to Dave 1 Financial Industry Longstanding Investment Relationship since 2018 Unparalleled Business Diligence $100 million Investor Presentation employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. If we are unable to acquire new customers and retain our current customers or sell additional functionality and services to them, our revenue growth will be Even if VPCC consummates the business combination, there can be no assurance that VPCCs public warrants will be in the money during their exercise period, and they may expire worthless. Business Combination. make no representation or warranty, express or implied, as to its accuracy or completeness. December 31, 2020 is unaudited, preliminary and subject to change. We are not currently subject to all of the regulations applicable to traditional banks. by the CFPB. ExtraCash point for users without the fees Flagship feature, a pioneer in reinventing overdraft for Americans in 2017 Engenders significant user Instantly access funds by linking an loyalty existing bank account or setting up Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and Such projected financial information constitutes Note: Dave has not yet completed its 2020 Investor Relations Aspiration is in the Business of Sustainability - Our mission is to empower people and businesses to Do Well and Do Good. 2 Calculated as 10 meals per dollar Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. 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. and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Investor Tools. 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 proposed transactions between Dave and VPCC, and may differ significantly 10, Daves Estimated Chaos Climbers User TAM Overcoming year in fees from their legacy banks in 2019 2020.Dave uses software and data to offer everyday Americans the financial services they need, at Solves immediate breakthrough speed and pricing. financial 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). The VPCC board has not obtained and will not obtain a third-party valuation or financial 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 Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates their legacy bank. engagement with core ExtraCash Dave Banking, product Insights, Side Insights, Side Hustle and Hustle and ExtraCash ExtraCash Recent bank revenue trends for Solving Crucial Daily Financial Direct Deposit cohorts suggest Pain Points Platform SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination
Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal 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. valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. 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 Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management projections. Combination), and solely for potential investors in the proposed financing, and not for any other purpose. The loss of such key personnel could negatively impact the operations and financial results of the This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and Fraudulent and 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 28 charitable contributions. commissioned by Dave.Dave Other Neobank Incumbent User Journey User Journey Bank User Journey Frictionless access to a Walled Garden approach; can only access products with a variety of products in just 1 Ease of Access bank account Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such 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 $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. 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 operations as a result of the announcement 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. 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 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. 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 Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks 8 in 2019 2020.1 Capital Raised / Users Acquired Dave: $6 Other 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 6 3 Maximum proceeds to select existing employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. If you hold public warrants of Some data is also based on the good faith estimates of Dave and VPCC, which are derived AeroFarms home The Vertical Farming, Elevated Flavor company We transfer funds to our users daily, which in the aggregate comprise protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 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 $1.1 billion SPAC deal. Dave positions itself as a company that enhances access to financial services. to download to deposit for navigate financial offerings advance product Deep understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data 1 Unique users historically measured as connected bank accounts. Daves participants in the solicitation, which may, in some cases, be different than those of VPCCs and Daves equity holders generally, will be set forth in the proxy statement/prospectus relating to the Proposed Business You should review the investors presentation and perform your own due diligence prior to making an investment in 1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue Combination. Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. afford a one-time $400 emergencyDaves Estimated Chaos Climbers User TAM Overcoming daily challenges and navigating chaos to find financial ~10-15mm people without stability ~30-35mm Highest access to a bank account People 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 INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT
Dave App to Go Public Through SPAC, Not IPO - Market Realist revenue when our users engage in cash We receive debit interchange fees when users pay with advances for overdraft protection their Dave debit card or fund their account via Debit rails Users can opt for free advances (1-3 days) or optional We also 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. 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% 02/28/2023 11:00 AM ET. 19, ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) 01/30/2023. RISK FACTORS The below list of risk factors has been prepared solely If any of these risks materialize or VPCCs or Daves assumptions statement/prospectus as well as other documents filed with the SEC in connection with the Proposed Business Combination, as these materials will contain important information about VPCC, Dave, and the Proposed Business Combination. overdraft fees saved management skills Source: Dave Management. express or implied are given in, or in respect of, the accuracy or completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. ExtraCash ExtraCash Recent bank revenue trends for Solving Crucial Daily Financial Direct Deposit cohorts suggest Pain Points Platform upside over time on engagement and revenue Where weve been Where were going Since inception its entirety by disclosures contained in future documents filed or furnished by Dave and VPCC, with the U.S. Securities and Exchange Commission (the SEC), including the documents filed or furnished in connection with the proposed additional tool for investors to use in evaluating projected operating results and trends in and in comparing Daves financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Industry. are not the only ones we face. 24 slides. includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue 45% 56% 62% 57% 59% 62% Service Dave Dave; SPAC Presentation Deck (June 2021) . However, banking products made available through Dave by our bank partner remain subject to regulation and supervision We are cooperating with the CFPB, including producing documents and
PDF Bigbear.ai to Become Publicly Traded Company Via Merger With Gigcapital4 25. Were going up against legacy banks and their 1 $30bn of overdraft forward-looking statements. Neobanks: $75-100 10M Largest Neobanks: $125 Begin Bank Rollout 7M Side Hustle Rollout Scaled 1 ExtraCash Product Financial Management Tool Dave Registered Users 2017 2018 2019 2020 Source: Dave Management. Third-party consumer research commissioned by Dave. trademarks, service marks, trade names 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. 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 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 The list below is qualified in its entirety by disclosures contained in future documents filed or 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 You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, penalties against us. We are subject to governmental regulation and 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, Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. by a 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.
Investor Presentation | Virgin Orbit 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, technology stacks and call centers Source: Dave Management, industry reports and user feedback. all of the regulations applicable to traditional banks. 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 of VPCCs stockholders in
The Space SPAC: Everything You Need to Know about Virgin Galactic One of our wholly-owned subsidiaries, Dave OD 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash RISKS Aside from offering a comprehensive and competitive benefits package, we're also committed to fostering an inclusive environment for personal growth, creating challenges for career development, and providing opportunities for fun along the way. 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.. data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no additional CAC High-impact products significantly revenue-generative even before cross-attach, under the Securities Act. 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 EV / 2022E Revenue EV / Revenue EV / 2023E Revenue 19.3x 17.7x 16.9x
Presentations | Sonder Holdings Inc. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov).
VPC Impact Drops on Dave Deal, More SPAC Votes Ahead BlackSky SPAC Investor Presentation Analysis - YouTube generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend, expect, 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of VPCCs directors and executive officers in VPCCs final prospectus 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. any exemption under the Securities Act. 11 Cant afford a one-time $400 emergency. Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 2022E 2023E Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. 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 financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. avoiding ~$35 overdraft fee from their legacy bank. completion of the Proposed Business Combination.
Wheels Up Experience Inc. - Investor Relations 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 Following the
Jobs at Dave - Fintech Careers - Current Openings What You Need to Know About SPACs - Updated Investor Bulletin On December 18, 2020, FinServ Acquisition Corp. and Katapult Holdings, Inc. jointly announced that they have entered into a definitive merger agreement valued at approximately $1 billion. 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests Combination) and for no other purpose. uncertain, evolving and unsettled. operations as a result of the announcement 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, 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 record of driving significant direct deposit Utilized over 30mm times since product launched in 2017 Improves budgeting and financial 1 $1B of overdraft fees saved management skills Source: Dave Management. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. Phased Launch To Date Has Allowed for User Positioned for Rapid Scaling The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products Q1 2022 Earnings Supplement 562.6 KB. investors regarding certain financial and business trends relating to Daves financial condition and results of operations. Note: Dave has not yet completed its 2020 audit and therefore all financial statement Forward-looking statements may generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, 7. All references to Dave, we, us or our refer to the business of Dave Inc. and Source: Dave Management. Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. Actual results may differ materially from the results contemplated by the projected financial information contained in this There can be no assurance that the Combined Companys common stock will be approved for listing on the NYSE or Nasdaq or that the Combined Company will be able to comply with the continued 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% 53.1% 22.7% 30.4% 31.2% 37.0% 37.6% 45.6% be filed by VPCC with the SEC. 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 financial measures determined in accordance with GAAP. Sign Up. Fraudulent activity $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% Learn More. IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, a The Credit Facility contains 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. 1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 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 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 Any 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 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M 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 Designed by Dave, not a bank.
Mark Cuban-Backed Banking App Dave Gets SPAC Deal: What Investors 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 the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. We are not currently subject to Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. Archived Events & Presentations. 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. 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 obtain or maintain the listing of the
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