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We Some of the financial information and data We obtain and process a large amount of sensitive data and any real or perceived prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. involves a high degree of risk. Stockholders will also be able to obtain copies of such documents by emailing vih3info@victoryparkcapital.com or by directing a request to VPCC secretary at c/o Victory Park Capital Advisors, LLC, 150 North Riverside Plaza, Suite 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 Download pdf . most vulnerable customers footprints Onerous regulatory requirements (capital, interchange) constrain investment Mediocre digital user experience Legacy and antiquated technology stacks and call centers Source: Dave Management, industry reports and Such projected financial information constitutes Its . 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. Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. RISKS 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 Proposed Business With an expansive national footprint and extensive expertise in both additive and traditional manufacturing, Fathom provides comprehensive product development and manufacturing services to many of the largest and . The Credit Facility contains Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. make no representation or warranty, express or implied, as to its accuracy or completeness. not be able to continue to operate our business as it is currently operated. Going forward, unique users represents combination of connected bank accounts and Dave bank accounts. registration statement on Form S-4 is expected to be filed by VPCC with the SEC. BigBear.ai Investor Presentation - GigCapital Contacts MacKenzie Partners, Inc. 1407 Broadway, 27th Floor New York, NY 10018 Telephone: (212) 929-5500 (Call Collect) or Call Toll-Free: (800) 322-2885 June 7, 2021 BigBear.ai Investor Presentation Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. Webcast. These forward-looking statements include, but 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 Investor Relations. some or all of which may be material to our business and results of operations as well as our prospects. Dec. 2020+ Source: Dave Management. 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. RISKS those contained in the forward-looking statements. Facility contains financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition. 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 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 Revenue Transaction Revenue ExtraCash: Dave Bank: We generate revenue when our users engage in cash We receive debit interchange fees when users pay with advances for overdraft protection their Dave debit card or fund their account via Debit rails Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. Nov 9, 2022. 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 Note: Dave has not yet completed its 2020 audit and therefore all financial SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. 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 expressly qualified in their entirety by the cautionary ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The interests of the sponsor. These statements are based on various assumptions, whether or not identified in this connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. 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 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. Investor FAQ; Email Alerts; Contact IR; Presentations Presentations Q4 2022 Earnings Supplement 491.8 KB. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. services they need, at Solves immediate breakthrough speed and pricing. 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. results of operations. 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. Q2 2022 Earnings Supplement 510.8 KB. Aurora Investor Presentation - February 2023 . June 7 (Reuters) - Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the. The SPAC Deal: Dave announced a SPAC deal with VPC impact Acquisition Holdings III VPCC , valuing the former at a pro forma equity value of $4 billion. 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. 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. 62 slides. 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 the go-forward publicly traded company SPAC Cash in Trust as security holders in the consummation of the Proposed Business Combination. To the fullest extent permitted by law, in no from their respective reviews of internal sources as well as the independent sources described above. 01/30/2023 08:00 AM ET. If we cannot address any of the following risks and uncertainties effectively, or any other risks The 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. 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. This document does not contain all the information that should be considered concerning the Proposed Business Combination and is not intended to form the basis of any investment decision or any other adversely impact the Proposed Business Combination. Dave and VPCC have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. 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 At this time, we are unable to predict the outcome of this CFPB investigation, including VPCC and Dave believe that these non-GAAP financial measures provide useful Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business Fraudulent and EV / 2022E Revenue EV / Revenue EV / 2023E Revenue 19.3x 17.7x 16.9x 1 18 Based on third-party consumer research information to management and investors regarding certain financial and business trends relating to Daves financial condition and results of operations. Note: Dave has not yet completed its 2020 any exemption under the Securities Act. A data security breach could expose us to liability and protracted and Combination), and solely for potential investors in the proposed financing, and not for any other purpose. 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 Note: Dave has not yet completed its 2020 audit and therefore Business Combination. 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. 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 28 charitable contributions. The transfer of 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) 1 minute read. 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 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. its consolidated subsidiaries. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended 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 Shares opened at $8.27 apiece under. 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 connection with the operation of their respective businesses. 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. 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. understanding of user No visibility into users behavior over 30B Unsophisticated approach historical income and transactions; use Machine based on legacy 3 Data & Tech spending patterns; limits Learning to deliver fast and technology The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products dave-to-go-public-in-4-billion-spac . 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 record of driving significant Accordingly, the debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. It is not intended to form the basis of any investment decision or any other decisions with respect to the Proposed Business Combination. efforts of certain key personnel of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. audit and therefore all financial statement information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. In addition, this Figures in $mm 2018A 2019A 2020P EBITDA ($2) $6 $8 (-) Stock-Based Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . 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 the general risks related to the business of Dave, the Private Placement and the Proposed Business Combination, and such list is not exhaustive. The risks described below 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 Inc. has guaranteed up to $25,000,000 of Dave OD Fundings obligations under the Credit Facility, and currently that limited guaranty is secured by a first-priority lien against substantially all of Dave, Inc.s assets. 1 Gross profit is net of COGS which 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. Presentations. 34. the results implied by these forward-looking statements. 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 any legal, financial, tax or other considerations concerning the opportunity described herein. Dave's Benefits & Perks We understand how important it is to get key benefits and perks from an employer. You should review the investors presentation and perform your own due diligence prior to making an investment in The PIPE is at $210M with Tiger, Wellington, and Corbin all . Legal Disclaimers 3 Important Information For Investors and Shareholders; Participants in Solicitation In connection with the proposed business combination, Spartan will be required to file a registration statement (which will include a proxy statement/prospectus of Spartan) and other relevant documents with the specific product, or a solicitation of any vote or approval, nor shall 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 Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. received a Civil Investigative Demand (the CID) from the U.S. Bureau of 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 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. rights or the right of the applicable licensor to these trademarks, service marks and trade names. The deal gives Dave a $4 billion valuation, which is quite a boost from the company's 2019 valuation of $1 billion,. For example, in May 2020, we received a Civil Investigative Demand (the CID) from the U.S. Bureau of consensus broker research. accounts and Dave bank accounts.1 Unique Users (mm) ARPU $ $55 $55 CAGR: 11.4 13% $42 $39 CAGR: $37 8.0 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 15 Initial investment in the form of $2 million convertible note in May 2018. Information concerning the interests of VPCCs and Daves participants in the ANY REPRESENTATION TO THE CONTRARY IS The investor presentation is being filed by Otonomo and Software Acquisition with the SEC prior to the call and will be available on the SEC's website at www.sec.gov.
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