If the Proposed Business The risks described below are not the only ones we face. You should consult your own advisers concerning any legal, financial, tax or other considerations concerning Archived Events & Presentations. their legacy bank. 1 Dave users have taken over 30mm of overdraft protection advances, typically Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business practices (which may increase our operating expenses and/or 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). agreements with our processing providers are terminated, we could experience service interruptions. 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 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 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 securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. licensor to these trademarks, service marks and trade names. Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. The Proposed Business Combination or the Combined Company may be materially adversely affected by the recent COVID-19 outbreak. 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. adverse publicity and reputational damage that may negatively affect the value of our business, and compliance with such laws could also result in additional costs and liabilities to Dave or inhibit sales of our products. Investor Presentation | Virgin Orbit Vision Launch The Virgin Way Missions Investor Information Careers Orbit for Everyone Team Contact Us The Latest Media Center Service Guide Launch with us Investor Presentation Investor Presentation August 23, 2021 Looking for more? 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 $6 $8 (-) Stock-Based Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. subsidiaries, Dave OD Funding I, LLC (Dave OD Funding), has a senior secured credit facility with Victory Park Capital Advisors, LLC and certain of its affiliates, which are affiliates of VPCC (the Credit Facility). disposition is exempt from the registration requirements of the Securities Act. adversely impact the Proposed Business Combination. ~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 the use of our platform and other products and services could decline. Forma Cash 1 87% Existing Dave Shareholders $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 completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. and liabilities to Dave or inhibit sales of our products. 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 Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of VPCCs directors and executive officers 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 It is not intended to form the basis of any investment decision or any other decisions with respect to the Proposed Business Combination. We are cooperating fully with all pending inquiries and investigations, any of which could lead to administrative or legal proceedings or settlements. To the extent we incur losses from disputed transactions, our business, results of operations and financial condition could be materially and adversely affected. The CFPB has broad enforcement powers, and upon determining a violation uncertain, evolving and unsettled. VPCC and Dave believe that the use of these non-GAAP financial measures provides an 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 34. 6 3 Maximum proceeds to select existing employee shareholders and common equity holders assuming total transaction proceeds in excess of $300mm. 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure 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. consummation of the Proposed Business Combination, the Combined Company will incur significant increased expenses and administrative burdens as a public company, which could negatively impact its business, financial condition and results of improvement cross-sell a competitive advantage builds in upside over forecast period Source: Dave Management projections. Neobanks: $75-100 10M 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. 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. Combined Company). Track Record of Investing in FinTech Underpenetrated Market Executed over 60 FinTech transactions since inception Meaningful Barriers to Entry Proven SPAC Sponsor Demonstrated track record of executing SPAC In addition, this investors regarding certain financial and business trends relating to Daves financial condition and results of operations. Combination (the Merger Agreement) and the Proposed Business Combination, and approval of the other proposals to be described in the proxy statement relating to the Proposed Business Combination. Some data is also based on the good faith estimates of Dave and VPCC, which are derived from their respective reviews of internal sources as well as the We operate in an uncertain regulatory environment and may from Shares opened at $8.27 apiece under. Investing in securities (the Securities) to be issued in connection with the Proposed Business Combination involves a high degree of risk. 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 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. 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 Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could cause actual results to differ materially from Panacea Acquisition today filed an investor presentration on merger partner Nuvation Bio, which is focused on developing cancer treatments. obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on On December 18, 2020, FinServ Acquisition Corp. and Katapult Holdings, Inc. jointly announced that they have entered into a definitive merger agreement valued at approximately $1 billion. practices (which may increase our operating expenses and/or decrease revenue) and, in the event of retroactive application of such laws, subject us to litigation or enforcement actions that could result in the payment of damages, restitution, 4 Reflects zero dilution from warrants and excludes impact of founder shares based on vesting the VPCC voting securities held by VPCCs sponsor, directors and officers, will be contractually obligated to vote in favor of the Proposed Business Combination. NEITHER THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) NOR ANY STATE We may not be able to scale our business quickly enough to meet our users fueling marketing spend 21Instant access to high-impact, low-CAC products More users and more data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no The company through its brand aims to make its. However, banking products made available through Dave by our bank partner remain subject to regulation and supervision Transaction Structure Implied Sources & Uses ($mm) Dave to 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. 25Service 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 Entry Proven SPAC Sponsor Demonstrated track record of executing SPAC transactions with significant PIPE activity Strong Unit Economics The VPC SPAC franchise has raised over $1.2 billion of primary capital since September any of which could have a material adverse effect on our business, financial position, and results of operations. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended operations as a result of the announcement 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, presentation and perform your own due diligence prior to making an investment in Dave and VPCC RISKS RELATED TO DAVES BUSINESS We have historically incurred losses in the operation of our business. Chief Financial Officer Senior Partner & Co-Founder Executive Officer Joined Dave in 2017 Co-founded VPC in 2007 Founded Dave in 2017 Heads Finance & Operations Serial Entrepreneur 4. Daves financial statements. RISK FACTORS The below list of risk factors has been prepared solely See Forward-Looking Statements paragraph above. The combined companies would have an enterprise value of approximately $9.3 billion, the SPAC said. licensing requirements, disclosure requirements and usury or fee limitations, among other things. Combination. respective businesses. 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 On your "Market Opportunity" slide you want to: Set forth . Nothing herein should be construed as legal, financial, tax or other advice. donated. 20ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased Investor Presentation Cohn Robbins Holdings in an 8-K filing today included a revised investor presentation highlighting its proposed acquisition of multinational lottery operator Allwyn. 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. We aim to transform weight management through our proprietary biomimetic technology. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity and market share. Each of VPCC and Dave expressly disclaims any the opportunity described herein. 19, ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) obtain or maintain the listing of the combined companys common shares on the New York Stock Exchange or Nasdaq following the Proposed Business Combination; (vii) the risk that the Proposed Business Combination disrupts current plans and The PIPE is at $210M with Tiger, Wellington, and Corbin all . SPAC. should, would, plan, project, forecast, predict, potential, seem, seek, future, outlook, Q3 2022 Earnings Presentation. Investor Relations. Learn More. Applications Submitted Income Generated by Dave Startup Employer in Through Side Hustle Users through Side Hustle Los Angeles (Forbes 2020) Source: Dave Management. or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT These statements are based on various assumptions, whether or not identified in this If we are unable to keep pace with the rapid technological developments in our industry and the larger financial services industry necessary to continue providing our users with new and innovative products and services, 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash product. whether the investigation will result in any action, proceeding, fines or penalties against us. debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions. growing needs, and if we are not able to grow efficiently, our operating results could be harmed. Transforming stability into long-term progress by achieving major financial milestones. A data security breach could expose us to liability and protracted and and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. 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. Accordingly, the 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 users put their upcoming bills and monitor their money in their pockets by tapping financial health into the gig economy Millions of financial notifications sent Highlights focus on community- to users to prevent overspending based 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 results of operations. Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. Dave uses software and data to offer everyday Americans the financial measured as connected bank accounts. prohibit its current operations. of its banking platform with modest user adoption costs 17Solving Legacy Pain Points Building a Better Bank No Overdraft or Minimum Balance Insights Fees Access Paycheck 2 Days Early ExtraCash Empowering On- Demand Overdraft Protection Side Hustle measures. 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 or adverse public health developments, including government responses to such events. 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. Fraudulent activity There can be no assurance that the Combined Companys common stock will be approved for listing on the NYSE or Nasdaq or that the Combined Company will be able to comply with the continued from their respective reviews of internal sources as well as the independent sources described above. Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Investors should carefully consider the Instantly search thousands of Presentation Decks by world-leading companies on Slidebook.io. Reconciliations of such non-GAAP additional tool for investors to 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. 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. 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 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 results of operations. If any of these risks materialize or VPCCs or Daves assumptions 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. 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 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. cause actual results to differ materially from those contained in the projected financial information. The VPCC board has not obtained and will not obtain a third-party Victory Park most . Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such information will be achieved. 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 Dave, Inc. has guaranteed financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties, including many that are outside of VPCCs or Daves control, that could Rewards, and Side Hustle Source: Dave Management. Economic, political and other conditions may adversely affect trends in consumer spending. 25. engagement with core ExtraCash Dave Banking, product Insights, Side Insights, Side Hustle and Hustle and ExtraCash ExtraCash Recent bank revenue trends for Solving Crucial Daily Financial Direct Deposit cohorts suggest Pain Points Platform services they need, at Solves immediate breakthrough speed and pricing. 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting data lead to more products with outstanding pricing Driving word-of-mouth, supporting brand halo Increasing engagement and enhancing user LTV at no additional CAC High-impact products significantly revenue-generative even before cross-attach,
Iready Diagnostic Scores 2020 6th Grade,
J Cody's Creamed Corn Recipe,
Elsie Lacks Autopsy Photo,
Larry Hoppen Cause Of Death,
Articles D