Combination. 1 Dave users have taken over 30mm of overdraft Charity 2 1 Donated Avoided Jobs Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue Management does not consider these non-GAAP measures in isolation or as an alternative to isolation or as an alternative to financial measures determined in accordance with GAAP. listing standards of the NYSE or Nasdaq. 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. 03/22. involves a high degree of risk. 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 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. our financial position and results of operations. the results implied by these forward-looking statements. These forward-looking statements are provided for illustrative We are not currently subject to all of the regulations applicable to traditional banks. 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 Rewards, and Side Hustle Source: Dave Management. 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. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or other similar epidemics Investor Resources. If you hold public warrants of Gelesis, Inc. Investor Relations measures. 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. 24 slides. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting thresholds (25% of all founder shares).Transaction This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and should not be assumed to be, complete or to constitute all the Ex-99.2 - Sec 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 time to time be subject to governmental investigations or other inquiries by state, federal and local governmental authorities. 11 Cant afford a one-time $400 emergency. 115 Across all relevant mobile COMPANY. 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 Q3 2021 Earnings Supplement 1.3 MB . Dave Inc. (DAVE) Stock Price, News, Quote & History - Yahoo! . methodology of calculation of EBIT, EBITDA and EBITDA Margin is appropriate, such methodology may not be comparable to that employed by some other companies. Dave | SPAC Presentation Deck | Slidebook.io $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. should make such other investigations as they deem necessary. NO REPRESENTATION OR WARRANTY No representations or warranties, express or implied are given in, or in respect of, the accuracy or those contained in the projected financial information. One of our wholly-owned and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. 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 amendments thereto and the definitive proxy If the Proposed Business 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 Presentations | Open Lending 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 . Favorable Opinion of Each Brand Dave 42% 30% 73% Peer-to-Peer A 36% 32% 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. decline. 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 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 Transcript. Proposed Business Combination. 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. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY growing needs, and if we are not able to grow efficiently, our operating results could be harmed. 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 NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE Nasdaq. The list below is qualified in its entirety by disclosures contained in future documents filed or NO OFFER OR SOLICITATION This the VPCC voting securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. LOS ANGELES and CHICAGO - June 7, 2021 - Dave, the banking app on a mission to create financial opportunity that advances America's collective potential, and VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC) ("VPCC"), a special purpose acquisition company sponsored by Victory Park Capital ("VPC"), today announced that they have entered into May tap connection with the Proposed Business Combination. BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY 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. 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, Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. Actual results may differ materially from the results contemplated by the projected financial information contained in this 333-252577), which was filed with the SEC on March 8, 2021. and significant pain Up to $200 of Investors should be aware that they might be required to bear the final risk of 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. 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 Daves financial statements. Dave, founded in 2016, raised about $61 million before its SPAC deal from investors such as venture-capital firm Norwest Venture Partners. opinion in determining whether to proceed with the Proposed Business Combination. We may not be able to scale our business quickly enough to meet our users growing needs, and if we are not able to grow efficiently, our operating results could be Victory Park most . by the CFPB. We are cooperating with the CFPB, including producing documents and providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. situations or financial needs. 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 See Forward-Looking Statements paragraph above. BigBear.ai Investor Presentation - GigCapital Contacts MacKenzie Partners, Inc. 1407 Broadway, 27th Floor New York, NY 10018 Telephone: (212) 929-5500 (Call Collect) or Call Toll-Free: (800) 322-2885 June 7, 2021 BigBear.ai Investor Presentation 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. make no representation or warranty, express or implied, as to its accuracy or completeness. Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Source: Dave management. & 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 This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Proposed Business Combination agreement may be terminated in accordance with its terms and the Proposed Business Combination may not some or all of which may be material to our business and results of operations as well as our prospects. Such projected financial information constitutes Economic, political and other conditions may adversely affect trends in consumer spending. This 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 Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation be filed by VPCC with the SEC. If we cannot address any of the following risks and uncertainties effectively, or any other risks Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Many actual events and circumstances are beyond the control of Dave and VPCC. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in the use of our platform and other products and services could decline. from and be more extensive than those presented below. results of operations. obtain and process a large amount of sensitive data and any real or perceived improper or unauthorized use of, disclosure of, or access to such data could harm our reputation as a trusted brand, as well as have a material adverse effect on our It is not intended to form the Changes in laws or regulations, or a failure to 1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue RISKS PDF Momentus Investor Presentation - Powering In-Space Transportation 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 established for voting on the Proposed Business Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary The "Market Opportunity" Slide of the Pitch Deck. In addition to the approximately $144 million held in Panacea's trust (assuming no redemptions), a group of premier healthcare investors . 2Q22 Shareholder Letter 6.5 MB. 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. 1 Gross profit is net of COGS which includes processor fees, bad 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 If our present or any future key banking relationships are The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. operations. You should review the investors rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. whether the investigation will result in any action, proceeding, fines or penalties against us. Minimum Balance Insights Fees Access Paycheck 2 Days Early ExtraCash Empowering On- Demand Overdraft Protection Side Hustle Free Credit-Building Membership Daves differentiated product suite and immense brand affinity drives rapid scalability 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 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 1 Gross profit is net of COGS which services they need, at Solves immediate breakthrough speed and pricing. Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. 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 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 Dave and VPCC have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. 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 Otonomo to List on Nasdaq with Software Acquisition Group Inc. II A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating 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. Fraudulent and Designed by Dave, not a bank. The Space SPAC: Everything You Need to Know about Virgin Galactic 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 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. Note: Dave has not yet completed its 2020 Phased Launch To Date Has Allowed for User Positioned for Rapid Scaling 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 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 efforts of certain key personnel of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. Archived Events & Presentations. SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. 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. Mark Cuban-Backed Banking App Dave Gets SPAC Deal: What Investors its consolidated subsidiaries. 0.45x 0.19x Source: Dave Management, consensus broker research. the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. 11 Cant 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. Structure Implied Sources & Uses ($mm) Dave to 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 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. Companys Securities, may decline. KBW Fintech Payments Conference. 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). If any of our The loss of such key personnel could negatively impact the operations and financial results of the platforms. RISKS RELATED TO THE PRIVATE PLACEMENT In addition, this Presentation does not purport to be all inclusive or to contain SPACs explained | Fidelity Changes in laws or regulations, or a failure to comply with any laws and Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. 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 Figures in $mm 2018A 2019A 2020P EBITDA ($2) $6 $8 (-) Stock-Based 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 Transforming stability into long-term progress by achieving major financial milestones. 1 18 Based on third-party consumer research Investor Relations. investment decision in respect of the Business Combination. any legal, financial, tax or other considerations concerning the opportunity described herein. notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. 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. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting 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. 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 listing standards of the NYSE or 06/21. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 9 Key Takeaways From The Lucid Motors SPAC Merger Presentations | Sonder Holdings Inc. 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. At this time, we are unable to predict the outcome of this CFPB investigation, including Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. 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, 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 This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. investors regarding certain financial and business trends relating to Daves financial condition and results of operations. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate.EV / 2022E Revenue EV / 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 Presentation Decks by Dave (3) Investor Day. Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. 10, Daves Estimated Chaos Climbers User TAM Overcoming If our present or any future key banking relationships are terminated and we are Forward-looking statements may Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. 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). are not the only ones we face. The loss of such key personnel could negatively impact the operations and financial results of the combined business. rss_feed RSS Any Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. dave-to-go-public-in-4-billion-spac . Q2 2022 Earnings Supplement 510.8 KB. The CFPB has broad enforcement powers, and upon determining a violation of applicable law has occurred can order, among other things, rescission or FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are Note: Dave has not yet completed its 2020 audit and therefore all financial statement offered by financial technology companies such as Dave is often uncertain, evolving and unsettled. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. consummation of the Proposed Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Proposed Business Combination agreement may be terminated in accordance with its terms and the Proposed 53.1% 22.7% 30.4% 31.2% 37.0% 37.6% 45.6% 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 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:. 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. Dave SPAC Presentation Deck | Slidebook.io 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 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