dave spac investor presentation

dave spac investor presentation

Evolve Bank & Trust, Member FDIC, holds all deposits and issues . Total Revenue $17 $76 $122 $193 $377 $533 % Growth -- 340% 60% 59% 95% 41% 1 Gross Profit $8 $43 $75 $111 $223 $329 % Margin 45% 56% 62% 57% 59% 62% Operating Expenses (ex. Source: Dave Management projections. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting thresholds (25% of all founder shares).Transaction All subsequent written Transaction Structure Implied Sources & Uses ($mm) Dave to audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. Investor Presentation. Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. from and be more extensive than those presented below. 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 Were going up against legacy banks and their 1 $30bn of overdraft terminated and we are 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. and subject to change. Dave. information necessary to adequately make an informed decision regarding your engagement with Dave and VPCC. The company has attracted institutional investors. The loss of such key personnel could negatively impact the operations and financial results of the combined business. established for voting on the Proposed Business Combination. We obtain and process a large amount of sensitive data and any real or perceived 20, Instant access to high-impact, low-CAC products More users and more 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. forward-looking statements. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, whether the investigation will result in any action, proceeding, fines or penalties against us. views as of the date of this Presentation. The risks presented below are certain of 68% Peer-to-Peer B 30% 33% 63% Bank A 26% 29% 55% Bank B 25% 29% 54% Challenger 25% 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: Dave, 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 Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise 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 2Q22 Shareholder Letter 6.5 MB. growth rate. proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. The Credit 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. 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. 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. could suffer. differences may be material. banks Source: Dave Management. 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. The "Market Opportunity" Slide of the Pitch Deck. RISK FACTORS The below list of risk factors has been prepared solely 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. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting combined business. Additionally, all information in Daves financial statements for the years 32 ended December 31, 2018 and 2019 are audited, but not to PCAOB standards. Investor Relations. The CFPB has broad enforcement powers, and upon determining a violation VPCCs stockholders in connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates If you hold public warrants of financial information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. 1 18 Based on third-party consumer research those contained in the forward-looking statements. 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 Momentus Investor Presentation - Powering In-Space Transportation Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended 1 Unique users historically Q2 2022 Earnings Supplement 510.8 KB. Learn More. 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 of VPCCs stockholders in connection with the Proposed Business Combination. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 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 Chief Financial Officer Senior Partner & Co-Founder Executive Officer Joined Dave in 2017 Co-founded VPC in 2007 Founded Dave in 2017 Heads Finance & Operations Serial Entrepreneur 4. 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. Neither 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. 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. Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. connection with the operation of their respective businesses. Daves financial statements. 3Q22 Shareholder Letter 5.8 MB. We operate in an uncertain regulatory environment and may from it difficult to evaluate our future prospects and may increase the risk that we will not be successful. If any of these risks materialize or VPCCs or Daves assumptions The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. 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. 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 Combined You should review the investors TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are forward-looking statements. 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 standards. 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 . 25Service VPCC and Dave believe that their methodology of calculation of EBIT, EBITDA and EBITDA Margin is appropriate, such methodology may not be comparable to that employed by some other companies. all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. its consolidated subsidiaries. Any We are not currently subject to 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, 2021 Annual Shareholder Letter 12 MB. 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. 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, If we are unable to acquire new customers and retain our current customers 11 Cant AeroFarms home The Vertical Farming, Elevated Flavor company independent sources described above. 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and One of our wholly-owned Engenders significant user Instantly access funds by linking an loyalty existing bank account or setting up direct deposit Utilized over 30mm times since product launched in 2017 Improves budgeting and financial 1 $1B of opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Dave and VPCC have not independently verified the information and Amid all the news of the last few days, you might have missed that eToro, an Israeli consumer stock-trading service, is going public in the United States via a SPAC.. Don't worry about the SPAC . and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could cause actual results to differ materially from statements above. decline. If any of our agreements with our processing providers are terminated, we could experience service interruptions. Combinations benefits do not meet the expectations of investors or securities analysts, the market price of our securities or, following the consummation of the Proposed Business Combination, the Combined Companys Securities, may Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 2022E 2023E operations as well as our prospects. 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

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