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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 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to If we are unable to acquire new customers and retain our current customers 2 Includes $1.4mm of lease liabilities and excludes Credit Facility and receivables related to the ExtraCash Aurora Analyst & Investor Day Presentation . 1 Affirm estimates showing fiscal year ending in June. NO OFFER OR SOLICITATION This Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. Many actual events and circumstances are beyond the control of Dave and VPCC. Changes in laws or regulations, or a failure to comply with any laws and Structure Implied Sources & Uses ($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 The Credit 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. $6 $8 (-) Stock-Based Compensation (0) (0) (2) (-) D&A (0) (1) (2) GAAP Operating Income ($2) $5 $5 Source: Dave Management. We may not be able to scale our business quickly enough to meet our users growing needs, and if we are not able to grow efficiently, our operating results could be Transaction Structure Implied Sources & Uses ($mm) Dave to 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. 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. Merger Agreement or could otherwise cause the transaction to fail to close; (v) the impact of the COVID-19 pandemic on Daves business and/or the ability of the parties to complete the Proposed Business Combination; (vi) the inability to Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful. If our present or any future key banking relationships are Any interruption or delay in the services provided by our third-party service providers could impair the delivery of our platform and our business 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 Source: Dave Management. Economic, political and other conditions may adversely affect trends in consumer spending. basis of any investment decision or any other decisions with respect to the Proposed Business Combination. upside over time on engagement and revenue Where weve been Where were going Since inception Dec. 2020+ Source: Dave Management. Fraudulent activity sponsor, directors and officers have agreed to vote in favor of the Proposed Business Combination, regardless of how VPCCs public stockholders vote. 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 The financial services industry continues to be targeted by new laws or regulations in many jurisdictions, including the U.S. licensor to these trademarks, service marks and trade names. 01/30/2023 08:00 AM ET. information for the year ended December 31, 2020 is unaudited, preliminary and subject to change. VPCC and Dave believe that these non-GAAP financial measures provide useful Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. Investor Resources. The cost of responding to investigations can be substantial and an adverse resolution to an investigation, including a settlement or consent order, may have a material adverse effect on our business, financial position, and results of operations us According to an investor presentation, the company generated $122M in revenue in 2020. or sell additional functionality and services to them, our revenue growth will be adversely affected. Flexibility to invest more $124M marketing dollars with attractive returns over time Y1 Y2 Y3 Y4 Source: Dave Management projections. We depend upon several third-party service providers for processing our The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. cause the transaction to fail to close; (v) the impact of the COVID-19 pandemic on Daves business and/or the ability of the parties to complete the Proposed Business Combination; (vi) the inability to obtain or maintain the listing of the 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 . The company has attracted institutional investors. Investors should carefully consider the Information concerning the interests of VPCCs and Aside from offering a comprehensive and competitive benefits package, we're also committed to fostering an inclusive environment for personal growth, creating challenges for career development, and providing opportunities for fun along the way. Accordingly, the Securities must continue to be held unless a subsequent 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% In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial EBITDA is defined as earnings Nothing herein should be construed as legal, financial, tax or other advice. obtain and process a large amount of sensitive data and any real or perceived 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 are not the only ones we face. 1. 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. know about or that we currently believe to be immaterial may also impair our business, financial condition or results of operations. If the Proposed Business Combinations benefits do not meet the expectations of investors or securities analysts, the market price of our securities or, following the consummation of the Proposed Business Combination, the Combined Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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. 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 $137 $216 % 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. 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. the Securities Exchange Act of 1934, as amended. 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 that may be instituted against VPCC and Dave JMP Securities Technology Conference is being held March 6 - 7, 2023 at the Ritz . be filed by VPCC with the SEC. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any proxy statement to be filed by VPCC with the SEC. This Management does not consider these non-GAAP measures in These documents, once available, can also be obtained, without charge, at the SECs web site (http://www.sec.gov). Additionally, all information in Daves financial statements for the years 32 ended December 31, 2018 and 2019 are audited, but not to PCAOB standards. Additionally, all information in Daves financial statements for the years 31 ended December 31, 2018 and 2019 are audited, but not to PCAOB 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). Sponsor Shares Implied Enterpise Value $3,563 1% Source: Dave management. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and Exhibit 99.2 June 2021 1Exhibit 99.2 June 2021 1, Disclaimer This presentation (together with oral statements made in decline. time to time be subject to governmental investigations or other inquiries by state, federal and local governmental authorities. constitute a solicitation as defined in Section 14 of the Securities Exchange Act of 1934, as amended. May tap forward-looking statements. 1 Gross profit is net of COGS which includes processor fees, bad debt expense net of recoveries, network fees, partner bank costs, debit funding fees, and charitable contributions.Profit & Loss Highlight ($mm) 2018A 2019A 2020P 2021E NO OFFER OR SOLICITATION This 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 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. 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. registration statement on Form S-4 is expected to be filed by VPCC with the SEC. Dave, founded in 2016, raised about $61 million before its SPAC deal from investors such as venture-capital firm Norwest Venture Partners. Dave's Benefits & Perks We understand how important it is to get key benefits and perks from an employer. Daves financial statements. VPCC and Dave believe that these non-GAAP financial measures provide useful information to management and The application of traditional federal and state consumer protection and consumer credit statutes and regulations to innovative products The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial