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 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. USE OF PROJECTIONS This Presentation contains projected financial information. Additional risks that we currently do not Actual results may differ materially from the results contemplated by the projected 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 investment decision in respect of the Business Free Credit-Building Membership Daves differentiated product suite and immense brand affinity drives rapid scalability of its banking platform with modest user adoption costs 17. donated. business. Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. 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. could suffer. risk control mechanisms may not prevent all fraudulent or illegal activity. scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. the Securities Exchange Act of 1934, as amended. Journey Frictionless access to a Walled Garden approach; can only access products with a variety of products in just 1 Ease of Access bank account and multitude of associated steps four steps Multiple user-friendly Antiquated Q2 2022 Earnings Supplement 510.8 KB. investment decision in respect of the Business Combination. 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. involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. the general risks related to the business of Dave, the Private Placement and the Proposed Business Combination, and such list is not exhaustive. Currently, founder and CEO of Dave, a leading challenger bank focused on lifting the collective potential of America. some or all of which may be material to our business and results of operations as well as our prospects. Dave uses software and data to offer everyday Americans the financial 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. Investors should carefully consider the If we cannot address any of the following risks and uncertainties effectively, or any other risks in VPCCs final prospectus dated March 4, 2021 (SEC File No. including (i) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger, dated June 7, 2021 (the Merger Agreement); (ii) the outcome of any legal proceedings 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. 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 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 We obtain and process a large amount of sensitive data and any real or perceived INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY 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. 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure 115 Across all relevant mobile any legal, financial, tax or other considerations concerning the opportunity described herein. notifications regarding violations, limits on activities or functions, remediation of practices, external compliance monitoring and civil money penalties. 1 Gross Profit ($ in mm) % Margin Revenue ($ in mm) Transaction Revenue 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. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and limitations, among other things. In addition, forward-looking statements reflect VPCCs and Daves expectations, plans or forecasts of future events and $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% 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. Solely for convenience, the trademarks, service Such persons can Dave - SPAC Presentation Deck. View All Posts The transfer of 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. Third Quarter 2021 Summary Results Presentation (November 2021) 2.3 MB. These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). 1 Affirm estimates showing fiscal year ending in June. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm of overdraft Changes in laws or regulations, or a failure to Presentation Decks by Dave (3) Investor Day. 1 Unique users historically measured as connected bank accounts. before interest, tax and depreciation and amortization, and excludes the impact of stock-based compensation and EBITDA Margin is defined as EBITDA divided by revenue. These statements are based on various assumptions, whether or not identified in this its entirety by disclosures contained in future documents filed or 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 as security holders in the consummation of the Proposed Business Combination. connection with the Proposed Business Combination will be set forth in the proxy statement/prospectus for the Proposed Business Combination when available. target or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. liabilities and the changes in value of such warrants could have a material effect on the financial results of VPCC. (Dave or the Company) and VPC Impact Acquisition Holdings III, Inc. (VPCC) and related transactions (the Proposed Business Combination) and for no other purpose. 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 the go-forward publicly traded company SPAC Cash in Trust 254 PIPE 210 2 PIPE Investment Existing Net Cash on Balance Sheet 35 Proposed $210mm PIPE investment in Dave in connection with the Total Sources $3,999 business combination Uses 1 Dave users have taken over 30mm of overdraft protection advances, typically Fraudulent activity VPCC and Dave urge investors, stockholders and other interested persons to read, when available, the preliminary proxy statement/prospectus included in the Form S-4 and, when available, the amendments thereto and the definitive proxy Business Combination is subject to a number of conditions and if those conditions are not satisfied or waived, the Proposed Business Combination agreement may be terminated in accordance with its terms and the Proposed Business Combination may not established for voting on the Proposed Business Combination. adversely impact the Proposed Business Combination. Sep Oct Nov Dec Jan Feb Mar Apr May 2021A 2020A No concerted marketing effort all in-app Broad marketing campaign supported demand from existing users by targeted marketing to existing users Source: Dave Management. The use or display of third parties Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. Each of VPCC and Dave expressly disclaims any obligations or undertaking to release publicly any updates Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. VPCCs nor Daves independent auditors have audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Presentation, and accordingly, neither of them expressed an Dave. Structure Implied Sources & Uses ($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 those contained in the projected financial information. EBITDA is defined as earnings before interest, tax and Allows users to confidently track First neobank to help 1. We may never achieve or sustain Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise generally be identified by the use of words such as believe, may, will, estimate, continue, anticipate, intend, expect, Neither We are subject to governmental regulation and 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 The consummation of the Proposed 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 public and private warrants of VPCC are accounted for as SPAC sponsors generally purchase equity in the SPAC at more favorable terms than investors in the IPO or subsequent investors on the open market. 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. 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 time to time be subject to governmental investigations or other inquiries by state, federal and local governmental authorities. 2020 is unaudited, preliminary and subject to change. 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 Management does not consider these non-GAAP measures in future, outlook, target or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our training. 19Phased Launch To Date 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 ~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 45% 56% 62% 57% 59% 62% Service 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 RISK FACTORS The below list of risk factors has been prepared solely Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. 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 completion of the Proposed Business Combination. Fathom is a leading on-demand digital manufacturing platform at the forefront of the Industry 4.0 revolution. Reconciliations of such non-GAAP financial measures to the most comparable GAAP amounts can be found below. unaudited, preliminary and subject to change. providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such its consolidated subsidiaries. Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. Learn More. Marketing) 4 13 29 58 87 113 EBITDA pre-Marketing $4 $29 $46 $52 $137 $216 % 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. 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. The assumptions and estimates underlying such projected financial information are inherently uncertain Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. 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 . 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. the results implied by these forward-looking statements. 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 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 and multitude of associated steps four steps Multiple user-friendly Antiquated 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 Actual results may differ materially from the results contemplated by the projected financial information contained in this 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. the use of our platform and other products and services could decline. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks 8 in 2019 2020. intend, expect, should, would, plan, project, forecast, predict, potential, seem, seek, December 31, 2020 is unaudited, preliminary and subject to change. The company has amassed 10 million users with its innovative checking account that was first to market in 2017 with fee-free overdraft, credit building, expense predictions and a gig-economy focused job board. Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of VPCCs directors and executive officers in VPCCs final prospectus 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from 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) Investor Relations. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to by the CFPB. NO REPRESENTATION OR WARRANTY No representations or warranties, express or implied are given in, or in respect of, the accuracy or connection with the operation of their respective businesses. undertakes certain compliance obligations. Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. Phased Launch To Date Has Allowed for User Positioned for Rapid Scaling If our present or any future key banking relationships are terminated and we are harmed. Investor Relations Aspiration is in the Business of Sustainability - Our mission is to empower people and businesses to Do Well and Do Good. financing, and not for any other purpose. use in evaluating projected operating results and trends in and in comparing Daves financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. 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

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