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Otonomo and Software Acquisition will host a joint investor conference call regarding the proposed transaction today, February 1, 2021. 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. Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. 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. How SPAC mergers work: PwC Dave App to Go Public Through SPAC, Not IPO - Market Realist & Tech spending patterns; limits Learning to deliver fast and technology 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 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 Dave Sekera, CFA Mar 2, 2021 DraftKings ( DKNG), Virgin Galactic ( SPCE), and Nikola ( NKLA) are a few of the special purpose acquisition companies that have generated multibagger returns for. 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 Actual events and circumstances are difficult or impossible to other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such obligations could harm our business by resulting in litigation, fines, penalties, or 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 These forward-looking statements include, but Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. information to management and investors regarding certain financial and business trends relating to Daves financial condition and results of operations. Download pdf . These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). The list below is qualified in Company). It is our mission to enable anyone anywhere to participate and succeed in the global . In addition, this Presentation does not purport to be all inclusive or to contain 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 Tiger Global leading PIPE investment, with 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 by the CFPB. Amid all the news of the last few days, you might have missed that eToro, an Israeli consumer stock-trading service, is going public in the United States via a SPAC.. Don't worry about the SPAC . Side Hustle; FOLLOW US. 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 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. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. 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. Some of the financial information and data 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 intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, 0.28 -0.00 ( -1.62% ) Vol: 76,441. Investors should carefully consider the Panacea Files Investor Presentation on Nuvation Bio Katapult Transaction. 1 minute read. operations. The loss of such key personnel could negatively impact the operations and financial results of the combined business. Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger 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. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and At this time, we are unable to predict the outcome of this CFPB investigation, including Changes in laws or regulations, or a failure to comply with any laws and Analyst Day Presentation March 2022 Stay Informed with Email Alerts Sign Up. For example, in May 2020, we Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 31, 2020 is 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 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). disposition is exempt from the registration requirements of the Securities Act. 1 Gross profit is net of COGS which includes processor fees, bad 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. NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE 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 Quarterly Report on Form 10-Q for the three months ended The interests of the sponsor. Marketing) 4 13 29 58 87 113 EBITDA pre-Marketing $4 $29 $46 $52 $137 $216 % If any of our remediation of practices, external compliance monitoring and civil money penalties. conform to Regulation S-X promulgated under the Securities Act. Reconciliations of such non-GAAP 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 Dave - SPAC Presentation Deck. 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. Our 1 Affirm estimates showing fiscal year ending in June. 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 vote by VPCCs stockholders in connection A PIPE of $210 million was led by Tiger. Combination. PDF AeroFarms home The Vertical Farming, Elevated Flavor company 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. Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. The cost of responding to investigations can be substantial and an adverse 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 qualification under the securities laws of any such jurisdiction. Note: Dave has not yet completed its 2020 prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Dave to Participate at Upcoming Investor Conferences 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. Fathom - Investor Relations 333-252577), which was filed with the SEC on March 8, 2021. Dave | SPAC Presentation Deck | Slidebook.io by banking regulators and Dave, as a service provider to its bank partner, undertakes certain compliance obligations. 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 TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in A data security breach could expose us to liability and protracted and costly litigation, and could adversely affect our reputation and operating revenues. 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 Presentations | Sonder Holdings Inc. 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 Danny Meyer May Democratize IPOs with SPAC Investment in Panera - Yahoo! 3Q22 Shareholder Letter 5.8 MB. as security holders in the consummation of the Proposed Business Combination. Learn More. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall 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 Forma Cash 1 87% Existing Dave Shareholders 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 growth profitably, and retain its key employees; (ix) costs related to the Proposed Business Combination; (x) changes in applicable laws or regulations; (xi) the possibility that Dave, or VPCC may be adversely affected by other economic, business, connection with the operation of their respective businesses. avoiding ~$35 overdraft fee from their legacy bank. Acquisition Company ("SPAC") GigCapital4's IPO was completed in February 2021 Led by a proven management team of experienced entrepreneurs and executives Deep public company management and board experience Extensive global network of TMT business professionals and investors Proven experience with M&A, strategy and technology A special purpose acquisition company, or SPAC, is formed and taken public in an initial public offering with the sole intention of merging with a private company, thereby taking the private . We may never achieve or sustain profitability. As a result, investors should be aware that although most of the . Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. circumstances will VPCC, Dave or any of their respective subsidiaries, shareholders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or Actual results may differ materially from the results contemplated by the projected PCAOB standards. Forward-looking statements may generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, Transaction Structure Implied Sources & Uses ($mm) Dave to 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