Actual results may differ materially from the results contemplated by the projected financial information contained in this An oversubscribed PIPE deal that saw shares priced at $15 . IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND WHERE TO FIND IT In connection with the Proposed Business Combination, a Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. If we are unable to acquire new customers and retain our current customers If we cannot address any of the following risks and uncertainties effectively, or any other risks 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% Sep Oct Nov Dec Jan Feb Mar Apr May 2021A 2020A No concerted marketing effort all in-app Broad marketing campaign supported demand from existing users by targeted marketing to existing users Source: Dave Management. note in May 2018.VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a focus on FinTech Opportunities Dave is the ideal partner for VPCC Established Alternative Investment Manager VPC has invested $6.0 billion in over 120 conform to Regulation S-X promulgated under the Securities Act. Payoneer is the financial technology company empowering the world's small businesses to transact, do business and grow globally. On December 18, 2020, FinServ Acquisition Corp. and Katapult Holdings, Inc. jointly announced that they have entered into a definitive merger agreement valued at approximately $1 billion. 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 Q3 2022 Earnings Supplement 958.9 KB.
Events & Presentations :: MoneyLion Inc. (ML) USE OF PROJECTIONS This Presentation contains projected financial information. The largest investor in Dave has been Victory Park Capital, a global investment firm headquartered in Chicago and the parent company of the SPAC that Dave is merging with. 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 0.45x 0.19x Source: Dave Management, Dave positions itself as a company that enhances access to financial services. Proposed Business Combination. This Presentation shall not 333-252577), which was filed with the SEC on March 8, 2021.
9 Key Takeaways From The Lucid Motors SPAC Merger information to management and investors regarding certain financial and business trends relating to Daves financial condition and results of operations. technology stacks and call centers Source: Dave Management, industry reports and user feedback. avoiding ~$35 overdraft fee from their legacy bank. licensor to these trademarks, service marks and trade names. 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% 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. If the Proposed Business Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 2020 is unaudited, preliminary and subject to change. 33RISK FACTORS The below list of risk factors has been prepared solely for purposes of the proposed private placement financing (the Private The VPCC board has not obtained and will not obtain a third-party valuation or financial standards. 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 field, today announced that the Company will participate in three upcoming investor conferences in March 2023:. thresholds (25% of all founder shares). adversely impact the Proposed Business Combination. Download pdf . If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may About; Careers; Help; Investors; Giving Back; FEATURES. donated. contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). Industry. Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our those contained in the projected financial information. These statements are based on various NO OFFER OR SOLICITATION This 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
Ex-99.2 - Sec 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 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 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 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
SoFi Technologies, Inc. (SOFI) - Events & Presentations employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. EBITDA is defined as earnings before interest, tax and 0.45x 0.19x Source: Dave Management, consensus broker research. 34. purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. platform and our business could suffer. Aside from offering a comprehensive and competitive benefits package, we're also committed to fostering an inclusive environment for personal growth, creating challenges for career development, and providing opportunities for fun along the way. FinTech Dave Inc. merged with the publicly traded special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III Inc. and will go public on Nasdaq on or about on Thursday (Jan.. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in Here are some key takeaways for investors to consider for Lucid Motors. 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. For example, in May 2020, we 115 Across all relevant mobile or sell additional functionality and services to them, our revenue growth will be adversely affected. A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating revenues. 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. qualification under the securities laws of any such jurisdiction. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a 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. Best In Class Management Team + Strong Risk Management Long-Term Commitment to Dave 1 Financial Industry Longstanding Investment Relationship since 2018 Unparalleled Business Diligence $100 million 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 All references to Dave, we, us or our refer to the business of Dave Inc. and 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 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 of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. There can be no 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 unaudited, preliminary and subject to change. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other Some of the of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. If we cannot address any 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. Investor Tools. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY onboarding features at your fingertips, Advance approval after 30 process, in-person and just 15 minutes from 2 Speed-to-Value days, direct deposit branches and difficult to download to deposit for navigate financial offerings advance product Deep Total Meals Overdraft Fees Pledged to Charity 2 1 Donated Avoided Jobs The use or display of third parties other similar epidemics or adverse public health developments, including government responses to such events. 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)
Danny Meyer May Democratize IPOs with SPAC Investment in Panera - Yahoo! by the CFPB. rss_feed RSS amendments thereto and the definitive proxy 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 independent sources described above. 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. Neither Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and We obtained this information and statistics from third-party 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 Our fraud detection and 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 its consolidated subsidiaries. If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry
Presentations | Open Lending SPACs explained | Fidelity We transfer funds to our users daily, which in the aggregate comprise substantial Our rapid growth also makes FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are forward-looking statements. 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests as security holders in the consummation of the Transforming stability into long-term progress by achieving major financial milestones. The risks presented in such filings 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 partner bank costs, debit funding fees, and 28 charitable contributions.Marketing investment recovered in ~9 months on 1 a gross profit basis 2022E Cohort Cumulative Cohort Revenue ~$640M Conservative forecast Marketing Expense In projected trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with Dave or VPCC, or an endorsement or sponsorship by or of Dave or VPCC. dave-to-go-public-in-4-billion-spac . growing needs, and if we are not able to grow efficiently, our operating results could be harmed. Accordingly, the financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. 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.
The Space SPAC: Everything You Need to Know about Virgin Galactic 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 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. and liabilities to Dave or inhibit sales of our products. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Cohn Robbins Holdings Revises Investor Presentation on $9.3B Allwyn The financial services industry continues to be targeted by new laws or regulations in many jurisdictions, including the U.S. training. 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. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is penalties against us. View All Posts
How To Create A Great Investor Pitch Deck For Startups Seeking - Forbes 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 The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. any exemption under the Securities Act. SoFi Q4 2022 Earnings Conference Call. 01/30/2023. We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. A long-term bet on space tourism After 15 years of design, development, and testing, Virgin Galactic has successfully shown that its. decline. 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. Dave Dave; SPAC Presentation Deck (June 2021) . This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. 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 . Dec. 2020+ Source: Dave Management. additional CAC High-impact products significantly revenue-generative even before cross-attach, fueling marketing spend 21, Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity constitute a solicitation as defined in Section 14 of the Securities Exchange Act of 1934, as amended. this Presentation may appear with the , TM or SM symbols, but such references are not intended to indicate, in any way, that Dave or VPCC will not assert, to the fullest extent under applicable law, their rights or the right of the applicable SPAC Presentation Deck by Dave. risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. 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. 'lvfodlphu 'lvfodlphuv dqg 2wkhu ,psruwdqw ,qirupdwlrq 7klv suhvhqwdwlrq wklv 3uhvhqwdwlrq lv surylghg iru lqirupdwlrqdo sxusrvhv rqo\ dqg kdv ehhq suhsduhg wr dvvlvw lqwhuhvwhg sduwlhv lq pdnlqj wkhlu rzq hydoxdwlrq zlwk uhvshfw wr d srwhqwldo exvlqhvv frpelqdwlrq ehwzhhq &) 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). Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. daily challenges and navigating chaos to find financial ~10-15mm people without stability ~30-35mm Highest access to a bank account People ~20mm people who Need overdraft 10-20x per year Up N' Comers Underserved by These forward-looking statements include, but Shares opened at $8.27 apiece under. statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. To For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of platforms. The consummation of the Proposed If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may not be able to continue to operate our business as it is currently operated. Webcast. immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
Overview | Sonder Holdings Inc. as security holders in the consummation of the Proposed Business Combination. HIPP-sters People paycheck By High Income, Paycheck to Paycheck Building credit Achieved daily financial stability and Student loan debt building towards long-term savings and financial health Source: U.S. registration statement on Form S-4 is expected to be filed by VPCC with the SEC. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, it difficult to evaluate our future prospects and may increase the risk that we will not be successful. May tap into the gig economy for extra help Existing bank relationship ~100- not helping 120mm Getting Living paycheck-to- or adverse public health developments, including government responses to such events. ExtraCash point for users without the fees Flagship feature, a pioneer in reinventing overdraft for Americans in 2017 Engenders significant user Instantly access funds by linking an loyalty existing bank account or setting up PROPOSED BUSINESS COMBINATION VPCCs directors and officers have potential conflicts of interest in recommending that VPCCs stockholders vote in favor of the adoption of the merger agreement relating to the Proposed Business 25% 50% Bank A Challenger 20% 28% 48% Bank B Very Favorable Somewhat Favorable 4.8 ~1M #1 1 Most Favored Brand App Store Rating Reviews in the Industry Source: Third-party consumer research commissioned by Dave. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E VPCCs sponsor, directors Dave Users have recorded in aggregate $300-400mm / 16 adversely affected. 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 NO OFFER OR SOLICITATION This Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. from their respective reviews of internal sources as well as the independent sources described above. Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards.
Dave, a Leading Banking App with 10 Million Customers, Announces Plans Dave uses software and data to offer everyday Americans the financial any legal, financial, tax or other considerations concerning the opportunity described herein. The transfer of Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. which any statement is based, except as required by law. 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 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 Proposed Business Combination. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, While the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. Nov 9, 2022. Documents available for download Aspiration Announces Olivia Albrecht as CEO Aspiration Secures $315 Million of New Funding Fourth Quarter 2021 Results Download Third Quarter 2021 Results Download As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting 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.
Ex-99.2 - Sec 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 7. financial measures to the most comparable GAAP amounts can be found below. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm
Fathom - Investor Relations scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. 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. Investor Presentation. 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 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. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or other similar epidemics