upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. 11 Cant These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, thresholds (25% of all founder shares). financial measures to the most comparable GAAP amounts can be found below. 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) Actual results may differ materially from the results contemplated by the projected financial information contained in this Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise substantial 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. Shares opened at $8.27 apiece under. should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. 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 securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. 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 There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are
How To Create A Great Investor Pitch Deck For Startups Seeking - Forbes 3Q22 Shareholder Letter 5.8 MB. cumulative compared to observable revenue in four years historical data ~5x Excludes potential benefits from future product releases ~6 mos breakeven Flexibility to invest more $124M marketing dollars with attractive returns over time Y1 Y2 Y3 Y4 connection with the operation of their respective businesses. 1 Dave users have taken over 30mm of overdraft Learn More. Momentus Investor Presentation - Powering In-Space Transportation proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. views as of the date of this Presentation. 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 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. 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 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. 34. If we cannot address any of the following risks and uncertainties effectively, or any other risks 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 in VPCCs final prospectus dated March 4, 2021 (SEC File No. combined business. 2020 is unaudited, preliminary and subject to change. Dave Users have recorded in aggregate $300-400mm / 16
Dave Inc. (DAVE) Stock Price, News, Quote & History - Yahoo! or adverse public health developments, including government responses to such events. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or financing, and not for any other purpose. Q3 2022 Earnings Supplement 958.9 KB.
Otonomo to List on Nasdaq with Software Acquisition Group Inc. II VPCC and Dave believe that these non-GAAP financial measures provide useful to download to deposit for navigate financial offerings advance product Deep understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data 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 Allows users to confidently track First neobank to help
Ex-99.2 - Sec SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. The risks described below are not the only ones we face. These statements are based on various assumptions, whether or not identified in this existing ~20-25mm High In their 20s, making financial bank accounts People Need decisions for the first time Overdraft 3x+ / year Transforming stability into long-term progress by achieving major financial milestones.
Dave to Participate at Upcoming Investor Conferences are not the only ones we face. dated March 4, 2021 (SEC File No. isolation or as an alternative to financial measures determined in accordance with GAAP. and liabilities to Dave or inhibit sales of our products. connection herewith, this Presentation) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Dave Inc. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. 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 Sign Up.
FinTech Dave Inc Announces Nasdaq Debut | PYMNTS.com results of operations. not be able to continue to operate our business as it is currently operated. be filed by VPCC with the SEC. May tap into the gig economy for extra help Existing bank relationship ~100- not helping 120mm Getting Living paycheck-to- Our rapid growth also makes This 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 profitability. 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% platform and our business could suffer. Some data is also based on the good faith estimates of Dave and VPCC, which are derived 1 Affirm estimates showing fiscal year ending in June. statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. operations. avoiding ~$35 overdraft fee from their legacy bank.
Wheels Up Experience Inc. - Investor Relations There may be additional risks of which neither VPCC nor Dave presently are aware or that VPCC and Dave currently believe are immaterial that could also cause actual results to differ from Transforming stability into long-term progress by achieving major financial milestones. 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 We depend upon several third-party service providers for processing our transactions. 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. 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 RISKS opinion in determining whether to proceed with the Proposed Business Combination.
SPACs explained | Fidelity 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 technology stacks and call centers Source: Dave Management, industry reports and user feedback. financial measures determined in accordance with GAAP. 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 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. 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 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. Were going up against legacy banks and their 1 $30bn of overdraft Information concerning the interests of VPCCs and Daves participants in the growing needs, and if we are not able to grow efficiently, our operating results could be harmed. Investor Relations. Dave and VPCC have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. with respect to a potential business combination between Dave Inc. (Dave or the Company) and VPC Impact Acquisition Holdings III, Inc. (VPCC) and related transactions (the Proposed Business Changes in laws or regulations, or a failure to We aim to transform weight management through our proprietary biomimetic technology. We are not currently subject to 34 slides. 115 Across all relevant mobile INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY remediation of practices, external compliance monitoring and civil money penalties. Q1 2022 Earnings Supplement 562.6 KB. 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 1 18 Based on third-party consumer research commissioned by Dave. all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. May tap Marketing investment recovered in ~9 months on 1 a gross profit basis 15 Initial investment in the form of $2 million convertible note in May 2018. VPCCs nor Daves independent 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 their investment for an indefinite period of time. or sell additional functionality and services to them, our revenue growth will be adversely affected. 03/22. 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. 333-252577), for a description of the security holdings of VPCCs officers and directors and their respective interests 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) Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. included in the proxy statement/prospectus contained in the registration statement on Form S-4 expected to be filed in connection with the Proposed Business Combination. VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to You should review the investors 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, These forward-looking statements are provided for illustrative 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. year in fees from their legacy banks in 2019 2020.Dave uses software and data to offer everyday Americans the financial services they need, at Solves immediate breakthrough speed and pricing. costly litigation, and could adversely affect our reputation and operating revenues. licensor to these trademarks, service marks and trade names. If any of our agreements with our processing providers are terminated, we could experience service interruptions. 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 We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. 24 slides.
Fathom - Investor Relations We obtained this information and statistics from third-party focus on FinTech Opportunities Dave is the ideal partner for VPCC Established Alternative Investment Manager VPC has invested $6.0 billion in over 120 transactions globally since inception Differentiated High Growth FinTech Strong The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products offered by financial technology companies such as Dave is often 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 A data security breach could expose us to liability and protracted and by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this Presentation, its In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. 61% $29 5.6 3.7 2.8 1.1 2018A 2019A 2020P 2021E 2022E 2023E 2018A 2019A 2020A 2021E 2022E 2023E Efficient user acquisition and Modest ARPU improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief 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