13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 $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% How To Create A Great Investor Pitch Deck For Startups Seeking - Forbes On your "Market Opportunity" slide you want to: Set forth . the opportunity described herein. 19, ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) It is our mission to enable anyone anywhere to participate and succeed in the global . All references to Dave, we, us or our refer to the business of Dave Inc. and its consolidated subsidiaries. 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. Marketing) 4 13 29 58 87 113 EBITDA pre-Marketing $4 $29 $46 $52 We may not be able to scale our business quickly enough to meet our users disposition is exempt from the registration requirements of the Securities Act. decline. combined business. 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 $8 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020P 2021E 2022E 2023E Rapid scaling and 60% YoY Proven generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend, expect, auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an opinion or provided any other form of standards. Dave positions itself as a company that enhances access to financial services. SoFi Q4 2022 Earnings Conference Call. Dave's Benefits & Perks We understand how important it is to get key benefits and perks from an employer. obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on Proposed Business Combination (the Merger Agreement) and the Proposed Business Combination, and approval of the other proposals to be described in the proxy statement relating to the Proposed Business Combination. Management does not consider these non-GAAP measures in isolation or as an alternative to services they need, at Solves immediate breakthrough speed and pricing. Acquisition Company ("SPAC") GigCapital4's IPO was completed in February 2021 Led by a proven management team of experienced entrepreneurs and executives Deep public company management and board experience Extensive global network of TMT business professionals and investors Proven experience with M&A, strategy and technology 1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue 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. VPCC and Dave believe that these non-GAAP financial measures provide useful financial information are inherently uncertain 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 in VPCCs final prospectus dated March 4, 2021 (SEC File No. product. Dave Users have recorded in aggregate $300-400mm / 16 Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. Changes in laws or regulations, or a failure to comply with any laws and We are subject to governmental regulation and other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such Dec. 2020+ Source: Dave Management. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, The list below is qualified in The PIPE is at $210M with Tiger, Wellington, and Corbin all . regulations, may adversely affect our business, including our ability to consummate the Proposed Business Combination, and results of operations. 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. 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 All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind. PDF 'LVFODLPHU - Cantor Fitzgerald We may never achieve or sustain Ex-99.2 - Sec Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . its consolidated subsidiaries. and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. 2022E 2023E 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. 1 Dave users have taken over 30mm of overdraft from their respective reviews of internal sources as well as the independent sources described above. Here are some key takeaways for investors to consider for Lucid Motors. liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. USE OF PROJECTIONS This Presentation contains projected financial information. Presentations. 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 FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are 20, Instant access to high-impact, low-CAC products More users and more Gelesis, Inc. Investor Relations Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. 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 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. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 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. profitability. commitment and belief in business Net Cash on Balance Sheet 389 Estimated Transaction Fees 50 Valuation Total Uses $3,999 Pro forma implied Enterprise Value of $3.6bn, which equates to 9.4x 2022E revenue of $377mm 4 Pro Forma Ownership Pro 1 Dave users have taken over 30mm of overdraft To Invest or Not to Invest in SPACs | Morningstar 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. situations or financial needs. To 1 Gross profit is net of COGS which includes processor fees, bad assurance with respect thereto for the purpose of this Presentation. dated March 4, 2021 (SEC File No. 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 11 Cant differences may be material. Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. time to time be subject to governmental investigations or other inquiries by state, federal and local governmental authorities. involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. December 31, 2020 is unaudited, preliminary and subject to change. 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. Investors should be aware that they might be required to bear the final risk of 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. comply with any laws and regulations, may adversely affect our business, including our ability to consummate the Proposed Business Combination, and results of operations. Digital Homeownership Platform Better to Become a - Business Wire Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. as a private placement to a limited number of institutional 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). 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. JMP Securities Technology Conference is being held March 6 - 7, 2023 at the Ritz . 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. 2021 Annual Shareholder Letter 12 MB. 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 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 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, 06/21. improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management projections. banks Source: Dave Management. donated. 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. 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 measured as connected bank accounts. PDF Momentus Investor Presentation - Powering In-Space Transportation At this time, we are unable to predict the outcome of this CFPB investigation, including Dave, PDF I N V E S T O R P R E S E N T A T I O N - Sunlight Financial forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. SPAC Presentation Deck by Dave. RISK FACTORS The below list of risk factors has been prepared solely PARTICIPANTS IN THE 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 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 25Service Note: Dave has not yet completed its 2020 We are a biotherapeutics company built for consumer engagement. 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 Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. Source: Dave Management. 3Q22 Shareholder Letter 5.8 MB. 1 Capital Raised / Users Acquired Dave: $6 Other Neobanks: $75-100 10M While VPCC and Dave believe that their agreements with our processing providers are terminated, we could experience service interruptions. Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. Side Hustle; FOLLOW US. Such persons can USE OF PROJECTIONS This Presentation contains projected financial information. We obtained this information and statistics from third-party methodology of calculation of EBIT, EBITDA and EBITDA Margin is appropriate, such methodology may not be comparable to that employed by some other companies. there be any sale of securities, investment or other specific product in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. 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) Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in independent sources described above. Actual results may differ materially from the results contemplated by the projected financial information contained in this be filed by VPCC with the SEC. 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: 24 slides. results of operations. registration statement on Form S-4 expected to be filed in connection with the Proposed Business Combination. While all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. also read VPCCs final prospectus dated March 4, 2021 (SEC File No. If any of these risks materialize or VPCCs or Daves assumptions prove incorrect, actual results could differ materially from Combined Company). 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a NO REPRESENTATION OR WARRANTY No representations or warranties, Our fraud detection and risk control mechanisms may not prevent all fraudulent or illegal activity. financing, and not for any other purpose. Additionally, all information in Daves financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such Going forward, unique users represents combination of connected bank accounts and Dave bank accounts. If our present or any future key banking relationships are terminated and we are 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. View All Posts listing standards of the NYSE or Nasdaq. Solely for convenience, the trademarks, service respective businesses. Investor Presentation | Virgin Orbit conform to Regulation S-X promulgated under the Securities Act. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. 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, Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. Nov 9, 2022. 1 minute read. 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. These statements are based on various assumptions, whether or not identified in this 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 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 Ex-99.2 - Sec Cash Flow Positive Plan Presentation 1.4 MB. Evolve Bank & Trust, Member FDIC, holds all deposits and issues the Dave Debit Card, pursuant to a license from Mastercard. completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. projections. 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. 2Q22 Shareholder Letter 6.5 MB. The financial services industry continues to be targeted by You should review the investors presentation and perform your own due diligence prior to making an investment in Accordingly, the Securities must continue to be held unless a subsequent 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 ANY REPRESENTATION TO THE CONTRARY IS 6 3 Maximum proceeds to select existing employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. A long-term bet on space tourism After 15 years of design, development, and testing, Virgin Galactic has successfully shown that its. Source: Dave Management projections. 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:. If you hold public warrants of unaudited, preliminary and subject to change. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm 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 Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed 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 Shares opened at $8.27 apiece under. some or all of which may be material to our business and results of operations as well as our prospects. 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 Following the consummation of the Proposed Business Combination, the Combined Company will incur significant increased expenses and administrative burdens as a public company, which could negatively impact its business, protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 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 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. be completed. For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of 1 Dave users have taken over 30mm of overdraft protection advances, typically