services they need, at Solves immediate breakthrough speed and pricing. Actual results may differ materially from the results contemplated by the projected financial information contained in this This Presentation shall not The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial its consolidated subsidiaries. thresholds (25% of all founder shares). 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 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 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 Structurally High Fees, Low Created by Bloated Bank Cost Accessibility, and Poor Customer Structure & Innovators Service Dilemma Overdraft ($35) and minimum balance fees Massive and expensive brick / mortar ($10) for the in VPCCs final prospectus dated March 4, 2021 (SEC File No. Source: Dave Management. Q3 2022 Earnings Supplement 958.9 KB. uncertain, evolving and unsettled. PDF Bigbear.ai to Become Publicly Traded Company Via Merger With Gigcapital4 statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. 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% 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. Q3 2021 Earnings Supplement 1.3 MB . FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated 115 Across all relevant mobile platforms.Favorable Opinion of Each Brand Dave 42% 30% 73% Peer-to-Peer A 36% 32% 68% Peer-to-Peer B 30% 33% 63% Bank A 26% 29% 55% Bank B 25% 29% 54% Challenger 25% business. should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. Dave and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. Fraudulent and VPCC and Dave believe that these non-GAAP financial measures provide useful information to management and notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. of applicable law has occurred can order, among other things, rescission or reformation of contracts, the refund of moneys, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public the VPCC voting securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. user feedback. Forma Cash 1 87% Existing Dave Shareholders $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 Payoneer is the financial technology company empowering the world's small businesses to transact, do business and grow globally. views as of the date of this Presentation. 1 Dave users have taken over 30mm of overdraft Source: Dave Management. . Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend, expect, At this time, we are unable to predict the outcome of this CFPB investigation, including The company has amassed 10 million users with its innovative checking account that was first to market in 2017 with fee-free overdraft, credit building, expense predictions and a gig-economy focused job board. 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. 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 risk control mechanisms may not prevent all fraudulent or illegal activity. 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. 333-252577), which was filed with the SEC on March 8, 2021. BlackSky SPAC Investor Presentation Analysis - YouTube 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. How To Create A Great Investor Pitch Deck For Startups Seeking - Forbes Investor FAQ; Email Alerts; Contact IR; Presentations Presentations Q4 2022 Earnings Supplement 491.8 KB. efforts of certain key personnel of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. valuation or financial opinion in determining whether to proceed with the Proposed Business Combination. sums, and are subject to the risk of errors, which could result in financial losses, damage to our reputation, or loss of trust in our brand, which would harm our business and financial results. We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. Dave Inc. (DAVE) Stock Price, News, Quote & History - Yahoo! Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, Our rapid growth also makes You should review the investors presentation and perform your own due diligence prior to making an investment in The VPCC board has not obtained and will not obtain a third-party valuation or financial 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 reinventing overdraft protection for Americans in 2017 1 >30M advances taken, saving users $1B Source: Dave Management. The PIPE is at $210M with Tiger, Wellington, and Corbin all . 34 slides. 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 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 Learn More. Company). Investor Relations. 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. 24 slides. 19Phased Launch To Date 1 Unique users historically A data security breach could expose us to liability and protracted and depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. Dave SPAC Presentation Deck | Slidebook.io The list below is qualified in 10Average fees paid per year by Dave customers to legacy banks Structurally High Fees, Low Created by Bloated Bank Cost Accessibility, and Poor Customer Structure & Innovators Service Dilemma Overdraft ($35) 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate.EV / 2022E Revenue EV / 2020 is unaudited, preliminary and subject to change. Merger Agreement or could otherwise 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 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. Ex-99.2 - Sec Economic, political and other conditions may adversely affect trends in consumer spending. SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. 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. Aurora Analyst & Investor Day Presentation . ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business practices (which may increase our operating expenses and/or sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. that advances Americas collective potential 1 Based on Center for Financial Services Innovation. 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 Fathom - Investor Relations 1 minute read. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Combination) and for no other purpose. 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. This Presentation shall not constitute a solicitation as defined in Section 14 of Quarterly Report on Form 10-Q for the three months ended 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 The public and private warrants of VPCC are accounted for as liabilities and the changes in We may not be able to scale our business quickly enough to meet our users COMPANY. 0.28 -0.00 ( -1.62% ) Vol: 76,441. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. 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. 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 Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. 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 Combination when it becomes available. 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. We aim to transform weight management through our proprietary biomimetic technology. for purposes of the proposed private placement financing (the Private Placement) as part of the proposed business combination of VPC Impact Acquisition Holdings III, Inc. (VPCC) and Dave Inc. (the Proposed Business It is our mission to enable anyone anywhere to participate and succeed in the global . Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise Note: Dave has not yet completed its 2020 liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. 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. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December We are not currently subject to all of the regulations applicable to traditional banks. Dave CEO Jason Wilk on Saving Customers Billions and their SPAC Deal the general risks related to the business of Dave, the Private Placement and the Proposed Business Combination, and such list is not exhaustive. Proposed Business Combination. assurance with respect thereto for the purpose of this Presentation. Facebook; Twitter; . the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation Going forward, unique users represents combination of connected bank We operate in an uncertain regulatory environment and may from Dave App to Go Public Through SPAC, Not IPO - Market Realist Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. If our present or any future key banking relationships are 2Q21 & Beyond Feedback and Product Optimization ~31% penetration 1.3 mm Dave Bank Users Projected Dave Bank Users of Dave user base 1.2 mm 1.1mm 943k ~95% CAGR 784k 633k 273k 176k 141k 128k 114k 102k 22k 2020A 2021E 2022E 2023E May Jun Jul Aug 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. Dave, a Leading Banking App with 10 Million Customers, Announces Plans 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 7. Wheels Up Experience Inc. - Investor Relations 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. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. harmed. Daves financial statements. This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and Transforming stability into long-term progress by achieving major financial milestones. competition, the ability of Dave to grow and manage growth profitably, and retain its key employees; (ix) costs related to the Proposed Business Combination; (x) changes in applicable laws or regulations; (xi) the possibility that Dave, or VPCC may the go-forward publicly traded company SPAC Cash in Trust 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 The list below is qualified in its entirety by disclosures contained in future documents filed or Any offering of securities (the Securities) will not be registered under the Securities Act of 1933, as amended (the Securities Act), and will be offered Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. There is no guarantee that a stockholders decision whether to redeem its shares for a pro rata portion of the trust account will put the stockholder in a better future economic position. If we cannot address any 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. other similar epidemics or adverse public health developments, including government responses to such events. Events & Presentations :: MoneyLion Inc. (ML) SEC Filings | Dave Inc. registration statement on Form S-4 expected to be filed in connection with the Proposed Business Combination. Los Angeles-based banking app Dave began trading on the Nasdaq on Thursday, becoming one of the first companies to close a SPAC merger and go public in 2022. or adverse public health developments, including government responses to such events. 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. rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a isolation or as an alternative to financial measures determined in accordance with GAAP. of the stockholders of VPCC, certain regulatory approvals, or the satisfaction of other conditions to closing in the Merger Agreement; (iv) the occurrence of any event, change, or other circumstance that could give rise to the termination of the 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 If you hold public warrants of 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. AeroFarms home The Vertical Farming, Elevated Flavor company Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure 1 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M Evolve Bank & Trust, Member FDIC, holds all deposits and issues the Dave Debit Card, pursuant to a license from Mastercard. Industry. TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their Structure Implied Sources & Uses ($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 2021 Annual Shareholder Letter 12 MB. Dave, founded in 2016, raised about $61 million before its SPAC deal from investors such as venture-capital firm Norwest Venture Partners. the use of our platform and other products and services could decline. 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. How SPAC mergers work: PwC Investor Relations. Allscreen Supported by World-Class Investors 23Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin Jarad Fisher Shannon Sullivan Chien Chou CEO CFO Co-founder CCO CPO EVP Engineering Serial Entrepreneur Mia Alexander John Ricci VPCC and Dave believe that the use of these non-GAAP financial measures provides an Going forward, unique users represents combination of connected bank accounts and Dave bank accounts. Investor Relations Aspiration is in the Business of Sustainability - Our mission is to empower people and businesses to Do Well and Do Good. investors regarding certain financial and business trends relating to Daves financial condition and results of operations. should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with Dave and VPCC. 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, Jobs at Dave - Fintech Careers - Current Openings If we cannot address any of the following risks and uncertainties effectively, or any other risks 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. 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 Some data is also based on the good faith estimates of Dave and VPCC, which are derived existing credit facility ESG $30mm PIPE investment from VPC and its limited partners Note: Registration with the SEC does not imply a certain level of skill or training. 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 At this time, we are unable to predict the outcome of this CFPB investigation, including whether the investigation will result in any action, proceeding, fines or limitations, among other things. To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. Investors should be aware that they might be required to bear the final risk of This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners.