Katapult Transaction. Changes in laws or regulations, or a failure to comply with any laws and some or all of which may be material to our business and results of operations as well as our prospects. If our present or any future key banking relationships are TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their The PIPE is at $210M with Tiger, Wellington, and Corbin all . registration statement on Form S-4 is expected to be filed by VPCC with the SEC. 03/22. 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 All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind. 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 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. 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, improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management projections. If we are unable to acquire new customers and retain our current customers 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 opinion or provided any other form of 1 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M December 31, 2020 is unaudited, preliminary and subject to change. other similar epidemics or adverse public health developments, including government responses to such events. immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The loss of such key personnel could negatively impact the operations and financial results of the dated March 4, 2021 (SEC File No. Forward-looking statements may generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, 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. should make such other investigations as they deem necessary. under the Securities Act. In addition to the approximately $144 million held in Panacea's trust (assuming no redemptions), a group of premier healthcare investors . of the following risks and uncertainties effectively, or any other risks and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting These statements are based on various 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. Information concerning the interests of VPCCs and Daves participants in the It is not intended to form the basis of any investment decision or any other decisions with respect to the Proposed Business Combination. 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. 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. 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 Solely for convenience, the trademarks, service marks and trade names referred to in 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. that may be instituted against VPCC and Dave 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 The transfer of the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. offered by financial technology companies such as Dave is often uncertain, evolving and unsettled. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. We transactions between Dave and VPCC. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. harmed. 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. 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. If you hold public warrants of SPAC sponsors generally purchase equity in the SPAC at more favorable terms than investors in the IPO or subsequent investors on the open market. A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to 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 You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. 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. The interests of the sponsor. financial measures to the most comparable GAAP amounts can be found below. Third-party consumer research commissioned by Dave. 2019 2020. Allows users to confidently track First neobank to help users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PCAOB 1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 The company through its brand aims to make its. Additionally, all information in Daves financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 1 Dave users have taken over 30mm of overdraft Nasdaq. FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are forward-looking statements. notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. Consumer Finance Startup Dave Eyes Acquisitions, Crypto After SPAC Deal Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our platform and our business SPAC Presentation Deck by Dave. Fathom - Investor Relations VPC Impact Drops on Dave Deal, More SPAC Votes Ahead Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 2022E 2023E 15 Initial investment in the form of $2 million convertible Side Hustle; FOLLOW US. On your "Market Opportunity" slide you want to: Set forth . 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% rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. 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 information to management and investors regarding certain financial and business trends relating to Daves financial condition and results of operations. The Space SPAC: Everything You Need to Know about Virgin Galactic 0.28 -0.00 ( -1.62% ) Vol: 76,441. Note: Dave has not yet completed its 2020 audit and therefore all financial statement completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. 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. 2021 Annual Shareholder Letter 12 MB. views as of the date of this Presentation. loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the occurrence of any event, change, or Danny Meyer May Democratize IPOs with SPAC Investment in Panera - Yahoo! users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial notifications sent Highlights focus on community- to users to prevent overspending based 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 1 Affirm estimates showing fiscal year ending in June. Panacea Files Investor Presentation on Nuvation Bio or adverse public health developments, including government responses to such events. 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests 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 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. Proposed Business Combination. PARTICIPANTS IN THE 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 Dave - SPAC Presentation Deck. Dave to Participate at Upcoming Investor Conferences 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 conform to Regulation S-X promulgated under the Securities Act. 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 Transforming stability into long-term progress by achieving major financial milestones. Investor Presentation 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. 1Q22 Shareholder Letter 9.1 MB. Investors should carefully consider the risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. Download pdf . Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. Investor Presentation. the Securities Exchange Act of 1934, as amended. involves a high degree of risk. This Presentation shall not constitute a solicitation as defined in Section 14 of Each of VPCC and Dave expressly disclaims any Facebook; Twitter; . Here are some key takeaways for investors to consider for Lucid Motors. PDF I N V E S T O R P R E S E N T A T I O N - Sunlight Financial Marketing investment recovered in ~9 months on 1 a gross profit basis What Are SPACs and Should I Care? | Morningstar Dave Dave; SPAC Presentation Deck (June 2021) . from and be more extensive than those presented below. For example, in May 2020, we 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 and subject to change. Advisors, LLC, 150 North Riverside Plaza, Suite 5200, Chicago, IL 60606. Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. Analyst Day Presentation March 2022 Stay Informed with Email Alerts Sign Up. financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. We depend upon several third-party service providers for processing our transactions. 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. the general risks related to the business of Dave, the Private Placement and the Proposed Business Combination, and such list is not exhaustive. are not the only ones we face. Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. 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 Dave Users have recorded in aggregate $300-400mm / 14 year in fees from their legacy banks in 2019 2020. Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. 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 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. Management does not consider these non-GAAP measures in Dave SPAC Presentation Deck | Slidebook.io Presentations | Open Lending NO OFFER OR SOLICITATION This 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. the use of our platform and other products and services could decline. Proposed Business Combination. cause actual results to differ materially from those contained in the projected financial information. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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. reformation of contracts, the refund of moneys, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public notifications regarding violations, limits on activities or functions, 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 $6 $8 (-) Stock-Based Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. Ex-99.2 - Sec 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 thresholds (25% of all founder shares). Business Combination. 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. 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 licensing requirements, disclosure requirements and usury or fee The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. 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 commitment and belief in business Net Cash on 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) May tap Dave Users have recorded in aggregate $300-400mm / 16 year in fees from their legacy banks in 2019 2020. Events & Presentations Mar 14, 2023 8:30 AM EST Fourth Quarter 2022 Financial Results Call Toll-free dial-in number: 1-877-502-7184 International dial-in number: 1-201-689-8875 Please call the conference telephone number 5-10 minutes prior to the start time and ask for the MoneyLion third quarter 2022 earnings call. 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. Dave uses software and data to offer everyday Americans the financial Source: Dave Management. Free Credit-Building Membership Daves differentiated product suite and immense brand affinity drives rapid scalability of its banking platform with modest user adoption costs 17. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial 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 Q3 2021 Earnings Supplement 1.3 MB . Users can opt for free advances (1-3 days) or optional We also share in fees charged for out-of-network ATM express fees for faster delivery withdrawals Users also provide voluntary tips Additionally, we generate ancillary revenue from Insights, Q3 2022 Earnings Presentation. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. If our present or any future key banking relationships are terminated and we are 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. of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are Forward-looking statements may 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 11 Cant 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). For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of Overview | Sonder Holdings Inc. information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. Daves financial statements. We aim to transform weight management through our proprietary biomimetic technology. Combined 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 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 Allows users to confidently track First neobank to help Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. KBW Fintech Payments Conference. 2020 is unaudited, preliminary and subject to change. scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. transactions globally since inception Differentiated High Growth FinTech Strong Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to Dave | SPAC Presentation Deck | Slidebook.io Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Investor Presentation (March 2023) 21.8 MB. Dave, What eToro's investor presentation and $10B valuation - TechCrunch Gelesis, Inc. Investor Relations Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of The list below is qualified in Mark Cuban-backed banking app Dave going public via $4 billion SPAC - CNBC You should review the investors presentation and perform your own due diligence prior to making an investment in Favorable Opinion of Each Brand Dave 42% 30% 73% Peer-to-Peer A 36% 32% PCAOB standards. Dave - SPAC Presentation Deck. their legacy bank. Investor Resources. licensor to these trademarks, service marks and trade names. Q1 2022 Earnings Supplement 562.6 KB. Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. unaudited, preliminary and subject to change. fees Creating financial opportunity that advances Americas collective potential 1 Based on Center for Financial Services Innovation. Investors want to invest in big opportunities with large addressable markets. Company). Presentations :: Aurora Innovation, Inc. (AUR) dave-to-go-public-in-4-billion-spac . 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. You should review the investors Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed One of our wholly-owned subsidiaries, Dave OD 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. 2, Disclaimer INDUSTRY AND MARKET DATA Although all information and Some of the Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . 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 . are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. constitute a solicitation as defined in Section 14 of the Securities Exchange Act of 1934, as amended. VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to Combination) and for no other purpose. 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 USE OF PROJECTIONS This Presentation contains projected financial information. Source: Dave management. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 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. 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. 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 The financial services industry continues to be targeted by new laws or regulations in many jurisdictions, including the U.S. 19Phased Launch To Date be adversely affected by other economic, business, 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 Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. 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, The VPCC board has not obtained and will not obtain a third-party
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