Dave to go public via merger with SPAC at $4B valuation The Financial The risks presented below are certain of If we are unable to acquire new customers and retain our current customers In addition, this Presentation does not purport to be all inclusive or to contain Investor Day March 2022 Investor Presentation December 2021 Similar slides by Dave . USE OF PROJECTIONS This Presentation contains projected financial information. be filed by VPCC with the SEC. 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 connection with the operation of their respective businesses. / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22Saving (Q2 Q3) Banking Dec 2020 Side Hustle Nov 2018 ExtraCash / Insights April 2017 High-LTV High-LTV & High-Engagement High-Engagement 22, Highly Experienced Management Team Jason Wilk Kyle Beilman John Wolanin PDF I N V E S T O R P R E S E N T A T I O N - Sunlight Financial Cash Flow Positive Plan Presentation 1.4 MB. PROPOSED BUSINESS COMBINATION VPCCs directors and officers have potential conflicts of interest in recommending that VPCCs stockholders vote in favor of the adoption of the merger agreement relating to the Proposed Business of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. 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 SPAC sponsors generally purchase equity in the SPAC at more favorable terms than investors in the IPO or subsequent investors on the open market. 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 The use or display of third parties To the extent that our products are deemed to be subject to any such laws, we could be subject to additional compliance obligations, including state 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 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. Fathom - Investor Relations VPCC and Dave believe that these non-GAAP financial measures provide useful Investor FAQ; Email Alerts; Contact IR; Presentations Presentations Q4 2022 Earnings Supplement 491.8 KB. All trademarks and brand names belong to their respective owners and do not represent endorsements of any kind. Combination. Instantly search thousands of Presentation Decks by world-leading companies on Slidebook Login. These forward-looking statements are subject to a number of risks and uncertainties, Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 2 Calculated as 10 meals per dollar donated.Total Meals Overdraft Fees Pledged to PDF AeroFarms home The Vertical Farming, Elevated Flavor company listing standards of the NYSE or Nasdaq. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 2020. June 2021 (34 slides) 1 of . This Presentation contains preliminary information only, is subject to change at any time and any such changes may be material, and, is not, and 1. donated. Paras Chitrakar Grahame Fraser Kate Holmes Brian Li VP Support GC CTO Head of Product VP Design VP Business Operations Allscreen Supported by World-Class Investors 23, Service Revenue Transaction Revenue ExtraCash: Dave Bank: We generate We may not be able to scale our business quickly enough to meet our users providing answers to written questions in the CID and follow-up requests thereafter by the CFPB. as security holders in the consummation of the Proposed Business Combination. 1 Assumes no VPCC public stockholder redemptions and $210mm PIPE. Wheels Up Experience Inc. - Investor Relations 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 measures. 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 trademarks, service marks, trade names 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. 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 some or all of which may be material to our business and results of Application of such requirements and restrictions to Daves products and services could require us to make significant changes to our business 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). involving our products may lead to customer disputed transactions, for which we may be liable under banking regulations and payment network rules. transactions with significant PIPE activity Strong Unit Economics The VPC SPAC franchise has raised over $1.2 billion of primary capital since September 2020 (4 SPACs + Bakkt PIPE transaction) Growing Addressable Market TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in 1 Unique users historically We are a biotherapeutics company built for consumer engagement. Users can opt for free advances (1-3 days) or optional We also share in fees charged for out-of-network ATM express fees for faster delivery withdrawals Users also provide voluntary tips Additionally, we generate ancillary revenue from Insights, 13 1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding ~$35 overdraft fee from their legacy bank. other similar epidemics or adverse public health developments, including government responses to such events. Dave, 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. 1 Based on news source reporting on neobank fundraising and user counts 2 Dave users have taken over 30mm Dave Users have recorded in aggregate $300-400mm / 16 year in fees from their legacy banks in 2019 2020. forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. Presentation relates to the financing of a portion of the Proposed Business Combination through a private placement of VPCCs Class A common stock. Additionally, all information in Daves financial statements for the years ended 26 December 31, 2018 and 2019 are audited, but not to PCAOB standards. 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 Presentations | Dave Inc. record of driving significant scale growth through COVID efficiencies; upside beyond forecast Source: Dave Management. 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. If any of our agreements with our processing providers are terminated, we could experience service interruptions. 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. As a result, approximately 20.0% of VPCCs voting securities outstanding, representing the VPCC voting 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 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 SEC Filings | Dave Inc. Legal Disclaimers 3 Important Information For Investors and Shareholders; Participants in Solicitation In connection with the proposed business combination, Spartan will be required to file a registration statement (which will include a proxy statement/prospectus of Spartan) and other relevant documents with the opinion in determining whether to proceed with the Proposed Business Combination. 1 18 Based on third-party consumer research commissioned by Dave. Additional risks that we currently do not qualification under the securities laws of any such jurisdiction. Such persons can also read VPCCs final prospectus dated March 4, 2021 (SEC File No. financing, and not for any other purpose. Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. 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 15 Initial investment in the form of $2 million convertible 01/30/2023 08:00 AM ET. 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 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). Mark Cuban-Backed Banking App Dave Gets SPAC Deal: What Investors their legacy bank. 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. product. 3, Jason Wilk Kyle Beilman Brendan Carroll Co-Founder and Chief Chief dated March 4, 2021 (SEC File No. If any of these risks materialize or VPCCs or Daves assumptions prove incorrect, actual results could differ materially from Consumer Finance Startup Dave Eyes Acquisitions, Crypto After SPAC Deal View All Posts Source: Dave management. decline. 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 the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. 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. Legal proceedings may be instituted against the Proposed Business Combination, which could delay or prevent or otherwise Sign Up . 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. 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. The deal was announced in October. Solving Legacy Pain Points Building a Better Bank No Overdraft or Owlet's $1.1 Billion SPAC Deal: Analysis, Investor Presentation or adverse public health developments, including government responses to such events. 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. obligations could harm our business by resulting in litigation, fines, penalties, or 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 However, banking products made available through Dave by our bank partner remain subject to regulation and supervision by banking regulators and Dave, as a service provider to its bank partner, operations. The loss of such key personnel could negatively impact the operations and financial results of the

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