June 2021 (34 slides) 1 of . The use or display of third parties 34. We are subject to governmental regulation and other legal obligations, particularly those related to privacy, data protection, and information security, and our actual or perceived failure to comply with such The deal gives Dave a $4 billion valuation, which is quite a boost from the company's 2019 valuation of $1 billion,. We are subject to governmental regulation and While and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. our financial position and results of operations. Structurally High Fees, Low Created by Bloated Bank Cost Accessibility, and Poor Customer Structure & Innovators Service Dilemma Overdraft ($35) and minimum balance fees Massive and expensive brick / mortar ($10) for the INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY Allscreen Supported by World-Class Investors 23Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin Jarad Fisher Shannon Sullivan Chien Chou CEO CFO Co-founder CCO CPO EVP Engineering Serial Entrepreneur Mia Alexander John Ricci 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 business. established for voting on the Proposed Business Combination. 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 Facebook; Twitter; . Management does not consider these non-GAAP measures in isolation or as an alternative to 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. 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 opinion or provided any other form of 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 24 slides. The assumptions and estimates underlying such projected financial information are inherently uncertain and liabilities to Dave or inhibit sales of our products. 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. 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 7Were going up against legacy banks and their 1 $30bn of overdraft fees Creating financial opportunity 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. Neither Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. completion of the Proposed Business Combination. VPC Impact Acquisition Holdings III, Inc. is Sponsored by VPC with a March 31, 2021 filed with the SEC on May 25, 2021 under the heading Risk Factors and other documents of VPCC filed, or to be filed, with the SEC, including those risk factors included in the proxy statement/prospectus contained in the licensing requirements, disclosure requirements and usury or fee limitations, among other things. 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. Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in Dave Terms of Use Link4 Designed by Dave, not a bank. 'lvfodlphu 'lvfodlphuv dqg 2wkhu ,psruwdqw ,qirupdwlrq 7klv suhvhqwdwlrq wklv 3uhvhqwdwlrq lv surylghg iru lqirupdwlrqdo sxusrvhv rqo\ dqg kdv ehhq suhsduhg wr dvvlvw lqwhuhvwhg sduwlhv lq pdnlqj wkhlu rzq hydoxdwlrq zlwk uhvshfw wr d srwhqwldo exvlqhvv frpelqdwlrq ehwzhhq &) some or all of which may be material to our business and results of operations as well as our prospects. protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. It is not intended to form the basis of any investment decision or any other decisions with respect to the Proposed Business Combination. Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year ended December 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 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 Changes in laws or regulations, or a failure to comply with any laws and Jarad Fisher Shannon Sullivan Chien Chou CEO CFO Co-founder CCO CPO EVP Engineering Serial Entrepreneur Mia Alexander John Ricci Paras Chitrakar Grahame Fraser Kate Holmes Brian Li VP Support GC CTO Head of Product VP Design VP Business Operations Dave Dave; SPAC Presentation Deck (June 2021) . business. Transforming stability into long-term progress by achieving major financial milestones. basis of any investment decision or any other decisions with respect to the Proposed Business Combination. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 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. information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. See Forward-Looking Statements paragraph above. 25Service Investor Tools. consensus broker research. Such projected financial information constitutes 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. FinTech Dave Inc. merged with the publicly traded special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III Inc. and will go public on Nasdaq on or about on Thursday (Jan.. Dave Users have recorded in aggregate $300-400mm / 16 The risks presented in such filings 25th Annual Needham Growth Conference Presentation . Announced last month, the deal includes $828 million of cash in the SPAC's trust and a $350 million PIPE. Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. 0.28 -0.00 ( -1.62% ) Vol: 76,441. providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. 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. Nasdaq. that advances Americas collective potential 1 Based on Center for Financial Services Innovation. 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 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 Vertical Aerospace - Pioneering electric aviation - Vertical Aerospace 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 listing standards of the NYSE or 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 FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated 62 slides. under the Securities Act. 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. 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. The issuance of shares of the Combined Companys securities in connection with the Private Placement will substantially dilute the voting power of the Combined Companys stockholders. 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. Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PCAOB View All Posts Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such We depend upon several third-party service providers for processing our Payoneer is the financial technology company empowering the world's small businesses to transact, do business and grow globally. Proposed Business 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. 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 Source: Dave Management projections. 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 COMPANY. 5200, Chicago, IL 60606. 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 Sign Up. We transfer funds to our users daily, which in the aggregate comprise substantial 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. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Reconciliations of such non-GAAP of applicable law has occurred can order, among other things, rescission or reformation of contracts, the refund of moneys, restitution, disgorgement or compensation for unjust enrichment, the payment of damages or other monetary relief, public scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. of the following risks and uncertainties effectively, or any other risks and difficulties that may arise in the future, our business, financial condition or results of operations could be materially and adversely affected. A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. expressly qualified in their entirety by the cautionary statements above. 34RISKS RELATED TO DAVES BUSINESS (Contd) Failure by a After the Form S-4 has been filed and declared effective, the definitive proxy statement/prospectus will be mailed to VPCCs stockholders as of a record date to be The cost of responding to investigations can be substantial and an adverse 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 A PIPE of $210 million was led by Tiger. Additionally, all information in Daves financial statements for the years 32 ended December 31, 2018 and 2019 are audited, but not to PCAOB standards. Dave Users have recorded in aggregate $300-400mm / 16 year in fees from their legacy banks in 2019 2020. assumptions, whether or not identified in this Presentation, and on the current expectations of Daves and VPCCs management and are not predictions of actual performance. RISKS RELATED TO THE PRIVATE PLACEMENT 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 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 Both VPCC and Dave will incur significant transaction costs in connection with the Proposed Business Combination. adversely impact the Proposed Business Combination. Solely for convenience, the trademarks, service SoFi Q4 2022 Earnings Conference Call. Total Meals Overdraft Fees Pledged to Charity 2 1 Donated Avoided Jobs increases dramatically as users attach to Dave Bank ARPU Uplift reflects mix of new bank (first twelve mos) $43 revenue and increased engagement with core ExtraCash Dave Banking, product Insights, Side Insights, Side Hustle and Hustle and 19, ARPU Average Revenue Per User (first twelve mos) $95 ( ARPU ) 33, RISKS RELATED TO DAVES BUSINESS (Contd) Failure 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 other illegal activity involving our products and services could lead to reputational damage to us, reduce the use of our platform and services and may adversely affect our financial position and results of operations. If any of these risks materialize or VPCCs or Daves assumptions 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, the use of our platform and other products and services could decline. Going forward, unique users represents combination of connected bank 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. Download pdf . The assumptions and estimates underlying such projected