sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. Dave Other Neobank Incumbent User Journey User Journey Bank User June 2021 (34 slides) 1 of . Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. We may not be able to scale our business quickly enough to meet our users 15 Initial investment in the form of $2 million convertible Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. new laws or regulations in many jurisdictions, including the U.S. states we operate in, that could restrict the products and services Dave offers, impose additional compliance costs on Dave, render its current operations unprofitable or even These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. 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% 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 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. Proposed Business Combination. This Presentation shall not constitute a solicitation as defined in Section 14 of Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PCAOB Investor FAQ; Email Alerts; Contact IR; Presentations Presentations Q4 2022 Earnings Supplement 491.8 KB. 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. Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. Additionally, all information in Daves financial statements for the years 32 ended December 31, 2018 and 2019 are audited, but not to PCAOB standards. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. 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. USE OF PROJECTIONS This Presentation contains projected financial information. Facebook; Twitter; . This Viewers of this Presentation should each make their own evaluation of We depend upon several third-party service providers for processing our transactions. 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. forward-looking statements. 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. Dave cofounder and CEO Jason Wilk announced the SPAC merger on June 7. Neither 1 Unique users historically measured as connected bank accounts. 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). This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and should not be assumed to be, complete or to constitute all the penalties against us. 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. 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 Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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. Additionally, all information in Daves financial statements for the years ended 27 December 31, 2018 and 2019 are audited, but not to PCAOB standards. Investors should carefully consider the risks and uncertainties inherent in an investment in us and in the Securities, including those described below, before subscribing for the Securities. Dave - SPAC Presentation Deck. be filed by VPCC with the SEC. Business Combination. Source: Dave Management. user feedback. Some data is also based on the good faith estimates of Dave and VPCC, which are derived Fraudulent activity involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. Investor Presentation (March 2023) 21.8 MB. The public and private warrants of VPCC are accounted for as NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Sign Up. Combination) and for no other purpose. financing, and not for any other purpose. 1Q22 Shareholder Letter 9.1 MB. connection with the Proposed Business Combination. 1 Dave users have taken over 30mm of overdraft protection advances, typically Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. avoiding ~$35 overdraft fee from their legacy bank. Nov 9, 2022. and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. All references to Dave, we, us or our refer to the business of Dave Inc. and and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. Additional risks that we currently do not See Virgin Galactic's Fall 2019 Investor Presentation. 102k 22k 2020A 2021E 2022E 2023E May Jun Jul Aug 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 We are not currently subject to upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace Phased Launch To Date Has Allowed for User Positioned for Rapid Scaling into the gig economy for extra help Existing bank relationship ~100- not helping 120mm Getting Living paycheck-to- HIPP-sters People paycheck By High Income, Paycheck to Paycheck Building credit Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our platform and our business transactions with significant PIPE activity Strong Unit Economics The VPC SPAC franchise has raised over $1.2 billion of primary capital since September 2020 (4 SPACs + Bakkt PIPE transaction) Growing Addressable Market 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 Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. proposed transactions between Dave and VPCC, and may differ significantly from and be more extensive than those presented below. Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in Designed by Dave, not a bank. Accordingly, the Has Allowed for User Positioned for Rapid Scaling 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 unaudited, preliminary and subject to change. 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 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 At this time, we are unable to predict the outcome of this CFPB investigation, including should make such other investigations as they deem necessary. 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. Investor Relations. 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. 33RISK FACTORS The below list of risk factors has been prepared solely for purposes of the proposed private placement financing (the Private uncertain, evolving and unsettled. includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue 45% 56% 62% 57% 59% 62% Service 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 financial information and data contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). 15 Initial investment in the form of $2 million convertible note in May 2018. 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. We depend upon several third-party service providers for processing our Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise adversely impact the Proposed expressly qualified in their entirety by the cautionary statements above. 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) donated. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 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. 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. Our business, financial condition and results of operations may be adversely affected by the COVID-19 pandemic or other similar epidemics Dave. KBW Fintech Payments Conference. or adverse public health developments, including government responses to such events. 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. of Dave, all of whom we expect to stay with the Combined Company following the Proposed Business Combination. afford a one-time $400 emergencyDaves Estimated Chaos Climbers User TAM Overcoming daily challenges and navigating chaos to find financial ~10-15mm people without stability ~30-35mm Highest access to a bank account People all of the information that may be required to make a full analysis of Dave or the Proposed Business Combination. 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% 53.1% 22.7% 30.4% 31.2% 37.0% 37.6% 45.6% If we were to become directly subject to banking regulations, our business model may need to be substantially altered and we may 25. overdraft fees saved management skills Source: Dave Management. Marketing) 4 13 29 58 87 113 EBITDA pre-Marketing $4 $29 $46 $52 The cost of responding to investigations can be substantial and an adverse You can review a SPAC's proxy, information or tender offer statement in the SEC's EDGAR database. We may not be able to scale our business quickly enough to meet our users growing needs, and if we are not able to grow efficiently, our operating results could be Momentus Investor Presentation - Powering In-Space Transportation 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. Inc. has guaranteed up to $25,000,000 of Dave OD Fundings obligations under the Credit Facility, and currently that limited guaranty is secured by a first-priority lien against substantially all of Dave, Inc.s assets. Source: Dave Management projections. Q3 2022 Earnings Supplement 958.9 KB. Q3 2021 Earnings Supplement 1.3 MB . 3Disclaimer INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, marks and trade names referred to in this Presentation may appear with the , TM or SM symbols, but such references are not intended to indicate, in any way, that Dave or VPCC will not assert, to the fullest extent under applicable law, their prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. vote by VPCCs stockholders in connection with the Proposed Business Combination and other matters as described in the Form S-4, as well as a prospectus of VPCC relating to the offer of the securities to be issued in connection with the The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products Nothing herein should be construed as legal, financial, tax or other advice. Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E 2022E 2023E share in fees charged for out-of-network ATM express fees for faster delivery withdrawals Users also provide voluntary tips Additionally, we generate ancillary revenue from Insights, Rewards, and Side Hustle Source: Dave Management. A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating revenues. Combination. 01/30/2023 08:00 AM ET. Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. Investor Relations. Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22, Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin 2021 Annual Shareholder Letter 12 MB. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. One of our wholly-owned 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 Business Combination may not Some of the financial information and data Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such Webcast. RISKS RELATED TO THE PRIVATE PLACEMENT 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 Combination when it becomes available. 2Disclaimer This presentation (together with oral statements made in connection herewith, this Presentation) is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation NO OFFER OR SOLICITATION This Investor Relations. Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. of VPCCs stockholders in connection with the Proposed Business Combination. Were going up against legacy banks and their 1 $30bn of overdraft 1 minute read. Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. 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. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. We obtained this information and statistics from third-party in VPCCs final prospectus dated March 4, 2021 (SEC File No. measured as connected bank accounts. opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. Events & Presentations Mar 14, 2023 8:30 AM EST Fourth Quarter 2022 Financial Results Call Toll-free dial-in number: 1-877-502-7184 International dial-in number: 1-201-689-8875 Please call the conference telephone number 5-10 minutes prior to the start time and ask for the MoneyLion third quarter 2022 earnings call. 25th Annual Needham Growth Conference Presentation . platform and our business could suffer. $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% 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. Investor Relations Aspiration is in the Business of Sustainability - Our mission is to empower people and businesses to Do Well and Do Good. the Securities Exchange Act of 1934, as amended. 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 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 11 Cant afford a one-time $400 emergency. 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 decrease revenue) and, in the event of retroactive application of such laws, subject us to litigation or enforcement actions that could result in the payment of damages, restitution, monetary penalties, injunctive restrictions, or other sanctions, conform to Regulation S-X promulgated under the Securities Act. Investor Resources. transactions globally since inception Differentiated High Growth FinTech Strong Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. 01/30/2023. The risks described below are not the only ones we face. 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. We obtain and process a large amount of sensitive data and any real or perceived liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. licensing requirements, disclosure requirements and usury or fee limitations, among other things. Figures in $mm 2018A 2019A 2020P EBITDA ($2) $6 $8 (-) Stock-Based Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks 8 in 2019 2020. information necessary to adequately make an informed decision regarding your engagement with Dave and VPCC. differences may be material. VPCC and Dave believe that these non-GAAP financial measures provide useful accredited investors as defined in Rule 501(a)(1), (2), (3) or (7) under the Act and Institutional Accounts as defined in FINRA Rule 4512(c). Structure Implied Sources & Uses ($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 practices (which may increase our operating expenses and/or decrease revenue) and, in the event of retroactive application of such laws, subject us to litigation or enforcement actions that could result in the payment of damages, restitution, loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a Investor Presentation. It is our mission to enable anyone anywhere to participate and succeed in the global . ANY REPRESENTATION TO THE CONTRARY IS the results implied by these forward-looking statements. and subject to change. FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are monetary penalties, injunctive restrictions, or other sanctions, any of which could have a material adverse effect on our business, financial position, and results of operations. 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 scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. RISKS RELATED TO THE Here are some key takeaways for investors to consider for Lucid Motors. Dave Terms of Use Link4 Designed by Dave, not a bank. ~20mm people who Need overdraft 10-20x per year Up N' Comers Underserved by existing ~20-25mm High In their 20s, making financial bank accounts People Need decisions for the first time Overdraft 3x+ / year contained in this Presentation, such as EBITDA and EBITDA Margin, have not been prepared in accordance with United States generally accepted accounting principles (GAAP). 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, competition, the ability of Dave to grow and manage improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management projections. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, NO REPRESENTATION OR WARRANTY No representations or warranties, As a result, approximately 20.0% of VPCCs voting securities outstanding, representing 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 Dave uses software and data to offer everyday Americans the financial The ability to successfully effect the Proposed Business Combination and the Combined Companys ability to successfully operate the business thereafter will be largely dependent upon the efforts of certain key personnel 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 Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. BlackSky SPAC Investor Presentation Analysis | Merger with SFTW, Osprey Technology | Space Spac Time in the Market 604 subscribers Subscribe 14 Share Save 795 views 1 year ago An analysis of. 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, 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. 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 Merger Agreement or could otherwise 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 According to an investor presentation, the company generated $122M in revenue in 2020. their investment for an indefinite period of time. 29 2 Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate.EV / 2022E Revenue EV / If you hold public warrants of A CRIMINAL OFFENSE. costly litigation, and could adversely affect our reputation and operating revenues. 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. 1. 1 Gross profit is net of COGS which . EV / 2022E Revenue EV / Revenue EV / 2023E Revenue 19.3x 17.7x 16.9x Nothing herein should be construed as legal, financial, tax or other advice. EBITDA is defined as earnings Katapult Transaction. 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 Users can opt for free advances (1-3 days) or optional We also Currently, founder and CEO of Dave, a leading challenger bank focused on lifting the collective potential of America.
Dual Xdvd256bt Problems,
For Rent By Owner Fairbanks, Ak,
Articles D