#1Dave Banking for humans™ FINISH SETTING UP Sign up for Dave Banking Add money bo debit Add money Safe spending Dave will create an automatic budget based on your spending. Dave® 9:41 Your debit card is on the way Estimated arrival on Feb 10 Available balance $0.00 7 ill December 2021#2Disclaimer This presentation (together with oral statements made in connection herewith, this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination between Dave Inc. ("Dave" or the "Company") and VPC Impact Acquisition Holdings III, Inc. ("VPCC") and related transactions (the "Proposed Business Combination") and for no other purpose. By accepting this Presentation, you acknowledge and agree that all of the information contained herein or disclosed orally during this Presentation is confidential, that you will not distribute, disclose and use such information for any purpose other than for the purpose of your firm's participation in the potential financing, that you will not distribute, disclose or use such information in any way detrimental to Dave or VPCC, and that you will return to Dave and VPCC, delete or destroy this Presentation upon request. No representations or warranties, express or implied are given in, or in respect of, the accuracy or completeness of this Presentation or any other information (whether written or oral) that has been or will be provided to you. You are also being advised that the United States securities laws restrict persons with material non-public information about a company obtained directly or indirectly from that company from purchasing or selling securities of such company, or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities on the basis of such information. To the fullest extent permitted by law, in no circumstances will VPCC, Dave or any of their respective subsidiaries, 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 contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. In addition, this 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. Viewers of this Presentation should each make their own evaluation of Dave and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. Nothing herein should be construed as legal, financial, tax or other advice. You should consult your own advisers concerning any legal, financial, tax or other considerations concerning the opportunity described herein. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. 2 If the Proposed Business Combination is pursued, VPCC will be required to file a proxy statement and other relevant documents with the Securities and Exchange Commission ("SEC"). Shareholders and other interested persons are urged to read the proxy statement and any other relevant documents filed with the SEC when they become available because they will contain important information about VPCC, Dave and the Proposed Business Combination. Shareholders will be able to obtain a free copy of the proxy statement (when filed), as well as other filings containing information about VPCC, Dave and the Proposed Business Combination, without charge, at the SEC's website located at www.sec.gov. VPCC, Dave and their directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from VPCC's shareholders in respect of the Proposed Business Combination and the other matters set forth in the definitive proxy statement. Information regarding VPCC's directors and executive officers is available under the heading "Management" in VPCC's final prospectus filed with the SEC on March 8, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement relating to the Proposed Business Combination when it becomes available. NO OFFER OR SOLICITATION This Presentation relates to the potential financing of a portion of the Proposed Business Combination through a private placement of VPCC's Class A common stock. This Presentation shall not constitute a "solicitation" as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This Presentation does not constitute an offer, or a solicitation of an offer, to buy or sell any securities, investment or other specific product, or a solicitation of any vote or approval, nor shall 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. Any offering of securities (the "Securities") will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and will be offered as a private placement to a limited number of institutional "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). Accordingly, the Securities must continue to be held unless a subsequent disposition is exempt from the registration requirements of the Securities Act. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. The transfer of the Securities may also be subject to conditions set forth in an agreement under which they are to be issued. Investors should be aware that they might be required to bear the final risk of their investment for an indefinite period of time. Neither Dave nor VPCC is making an offer of the Securities in any state where the offer is not permitted. NEITHER THE SEC NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE SECURITIES OR DETERMINED IF THIS PRESENTATION IS TRUTHFUL OR COMPLETE. FORWARD-LOOKING STATEMENTS All statements other than statements of historical facts contained in this Presentation are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. 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. These statements are based on various assumptions, whether or not identified in this Presentation, and on the current expectations of Dave's and VPCC's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative 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. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions and such differences may be material. Many actual events and circumstances are beyond the control of Dave and VPCC.#3Disclaimer These forward-looking statements are subject to a number of risks and uncertainties, including the inability of the parties to successfully or timely consummate the Proposed Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the shareholders of VPCC or Dave is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks relating to the uncertainty of the projected financial information with respect to Dave; risks related to the uncertain regulatory environment in which Dave operates; the effects of competition on Dave's business; Dave's ability to keep pace with rapid technological developments in its industry and the larger financial services industry; the amount of redemption requests made by VPCC's public shareholders; the ability of VPCC or the combined company to issue equity or equity-linked securities in connection with the Proposed Business Combination or in the future; and those factors discussed in VPCC's final prospectus filed with the SEC on March 8, 2021 under the heading "Risk Factors" and other documents of VPCC filed, or to be filed, with the SEC. If any of these risks materialize or VPCC's or Dave's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither VPCC nor Dave presently know or that VPCC and Dave currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect VPCC's and Dave's expectations, plans or forecasts of future events and views as of the date of this Presentation. VPCC and Dave anticipate that subsequent events and developments will cause VPCC's and Dave's assessments to change. However, while VPCC and Dave may elect to update these forward-looking statements at some point in the future, VPCC and Dave specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing VPCC's and Dave's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements. INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, Dave and VPCC have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. 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 independent sources described above. This Presentation contains preliminary information only, is subject to change at any time and, is not, and 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. USE OF PROJECTIONS This Presentation contains projected financial information with respect to Dave. Such projected financial information constitutes forward-looking information, is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the projected financial information. See "Forward-Looking Statements" paragraph above. Actual results may differ materially from the results contemplated by the projected financial information contained in this 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. Neither VPCC's nor Dave's 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 opinion or provided any other form of assurance with respect thereto for the purpose of this Presentation. 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 under the Securities Act. 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. Some of the financial information and data contained in this Presentation, such as [EBIT, EBITDA and EBITDA Margin], have not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). VPCC and Dave believe that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to Dave's financial condition and results of operations. VPCC and Dave believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Dave's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Dave's financial statements. 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. TRADEMARKS AND TRADE NAMES Dave and VPCC own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This Presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' 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. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the , TM or SM symbols, but such references are not intended to indicate, in any way, that Dave or VPCC will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names.#4We're on a mission to build products that level the financial playing field#5Our Business at a Glance Growth and Scale $147m Q3 LTM Revenue Capital Efficiency $61M Equity Capital Raised Member Impact >$1bn Overdraft Fee Savings Dave 30% LTM YOY Growth 10-20X Dave User Acquisition Outperformance vs. Neobanks ~$160m New Income Earned by Dave Members through Side Hustle 1 Source: Dave Management. Note: Dave has not yet completed its 2021 audit and therefore all financial statement information for the period ended September 30, 2021 is unaudited, preliminary and subject to change. 1 Based on news source reporting on neobank fundraising and user counts. 2 Dave users have taken over 30mm of overdraft protection advances, typically avoiding "$35 overdraft fee from their legacy bank. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019 - 2020. 2017 Capital Raised / Users Acquired ¹ Dave: $6 Other Neobanks: $75-100 Largest Neobanks: $125 Dave Registered Users 2018 11M 2019 2020 Legally Privileged & Confidential - Subject to Attorney Client Privilege#6Dave Opportunity Dave Legally Privileged & Confidential - Subject to Attorney Client Privilege#7Dave The existing financial system has failed to deliver... ROSA GONZAL#8Legacy banks charge Americans an average of $30 Billion in Fees Annually Dave Members pay an average $300-$400 per year to their legacy banks 50% of consumers knowingly overdraft to cover short term expenses despite the high fees Dave Source: Dave Management, CFPB, industry reports and user feedback. • Costly brick-and-mortar footprints • Legacy and antiquated technology stacks and call centers • Onerous regulatory requirements (e.g., capital, interchange) → Structurally high fees for the most vulnerable customers Poor accessibility, customer service, and digital user experience Innovator's dilemma and constrained investments#9Neobanks haven't solved the overdraft issue, leaving customers in dire financial need Dave Source: Dave Management, CFPB, industry reports and user feedback. Reliant on direct deposit relationship Simplistic approach to underwriting • Non preemptive solution#10..An estimated 150M+ people need our help Can't afford a one-time $400 emergency Dave's Estimated User TAM ~30-35M People ~20-25M People ~100- 120M People Highest Need High Need "Getting By" • ~10-15M people without access to a bank account • ~20M people who overdraft 10-20x per year • Underserved by existing bank accounts • Overdraft 3x+ / year • Existing bank relationship not helping • Living paycheck-to-paycheck • Building credit • Student loan debt Dave Source: U.S. Census, FDIC, Center for Financial Insight, CFPB, Financial Health Network and SNL Financial. Friendship O: Villages ROSA GONZAL#11Dave Our Differentiated Approach A focused banking service#12ExtraCash In 2017, Dave changed the industry with Extra Cash Dave ExtraCash and Insights was the first customer friendly alternative to overdraft o Currently, members can access and send up to $250 interest free to their bank o Intelligent budgeting and alerts to monitor financial health Immediate eligibility through linked account O Gives us access to rich data for underwriting Fees are optional, which customers love; tips are shared with Feeding America ExtraCash volume of "$1bn year to date¹ 1 YTD based on nine months ended September 20, 2021 9:41 You're approved! Select amount $250 $200 $150 9:41 9:41 Monday, June 3 DAVE You might overdraft soon Don't worry though, you're approved for a $75 advance today if you need one. swipe up to open - now#13Side Hustle We help members put more money in their pockets. First neobank to help users put money in their pockets by tapping into the gig economy Opportunity to engage more meaningful fruit with partners to drive more Dave Banking deposits Customers have already earned more than $160mm using Side Hustle ← 9:41 Work from Home Date Posted 8 Shipt Shipt Multiple locations Fiverr Fiverr Multiple locations G Distance ✓ Upwork Upwork Multiple locations: E N Dave Pa#14Dave We've made a major impact already ... $1,000,000,000 In Overdraft fees saved 13,000,000 Total Meals Pledged To Feeding America $160,000,000 Earned Through Side Hustle Source: Dave Management. Dave users have taken over 30mm of overdraft protection advances, typically avoiding -$35 overdraft fee from their legacy bank. Dave Users have recorded in aggregate $300-400mm / year in fees from their legacy banks in 2019-2020. 2 Calculated as 10 meals per dollar donated.#15Dave Peer-to-Peer A Peer-to-Peer B Bank A Bank B Challenger Bank A Challenger Bank B Dave 4.8 App Store Rating ... while building huge user delight 20 Favorable Option of Each Brand 26 25 25 30 42 36 ■ Very Favorable 28 ~1M Reviews 1 25 29 29 33 Note: 1. Across all relevant mobile platforms. 2. According to market research conducted by Dave in June 2021 through a third-party using a quantitative online survey of 2,021 respondents across the United States. 50 48 Somewhat Favorable 30 32 55 54 63 68 73 #1 Highest favorability rating in the industry 2#16Dave Dave is now building a superior banking solution for those living paycheck to paycheck. ROSA GONZAL#17Dave Banking Building a better banking experience for our users Launched as a separate feature in December 2020 This is already going well +$11mm revenue run-rate¹ Note: 1. Based on annualized Q3 '21 Transaction revenue of $2.9m. $50.00 Insert, Tap, or Swipe E Dave debit#18Dave Banking It's becoming the core of our ecosystem Banking will become the primary product of Dave Account creation required for new and existing customers in early 2022 Powered by credit ExtraCash will be utilized to seed our ecosystem of products 0 9:41 Dave w debit Welcome aboard, Jackson! Your debit card is being mailed! In the meantime you can access a digital version of it through the Dave app. You can also set up your card in Apple Wallet. Got it + f 9:41 You're approved! Select amount $250 $200 all $150#19Dave Banking 'Spend Now' With Dave Spending ExtraCash with Dave will lead to a better experience and drive necessary trial to convert direct deposit Upcoming launches: Spend instantly with Apple and Google Pay (est. Jan. 2022) Cash Back with merchants in partnership with Mastercard (est. Feb. 2022) 9:41 Get an advance up to $250* by opening an Extra Cash account *Subject to eligibility requirements. n Home How does Extra Cash work? Open Extra Cash account ill E Goals || Extra Cash Move Money Profilo Pay G Pay all Carrier BURGER KING This month you earned $5.24 All-time: $22.24 Cash Back Rewards McDonald's $5 on purchases of 15 or more Expines: 12/31/21 Showing 32 of 50 results All rewards Spend Now, get Cash back! Domino's Pizza $5 on purchases of 15 or more Expires: 01/31/22 Added to card New Wendys 5% back on your next purchase Expires: 3hrs 43min Starbucks 2% back on your next $10 purchase Expires: 01/29/2022 Chevron 10% back on your next gas purchase Expires: 01/30/2022 Walgreens (+) (+) SUBWAY#20Superior Banking Journey for our Members Dave Current Products Borrowing Extra Cash & Insights April 2017 Income Side Hustle Nov 2018 Efficient Member Acquisition Savings Safe LATANS Near Term afe apending A per Dave Social High-Engagement Future Opportunities (inclu. M&A) Investing Long Term Protecting High-LTV & High-Engagement Legally Privileged & Confidential - Subject to Attorney Client Privilege#21Our Powerful Flywheel Graduate customers into higher ARPU products at best in class rates at no additional CAC Cross attach customers to additional high engagement products that improve financial health and member lifetime value Dave Better products & prices Cross- Attach Drive Provide instant relief Network Effects Help customers with highest impact financial needs like overdraft at low acquisition cost. Drive trial of banking at cheaper rates than competition Strong Unit Economics word-of-mouth with customer delight and amplify with community products to scale customer base at low member acquisition cost High-impact products are Revenue-generative, fueling marketing spend Legally Privileged & Confidential Subject to Attorney Client Privilege#22Dave Financial Snapshot#23How We Generate Revenue Dave Source: Dave Management. Service Revenue Extra Cash: ● ● We generate revenue when our users engage in cash advances for overdraft protection Users can opt for free advances (1-3 days) or optional express fees for faster delivery Users also provide voluntary tips • Additionally, we generate ancillary revenue from Insights, Rewards, and Side Hustle Transaction Revenue Dave Banking: We receive debit interchange fees when users pay with their Dave debit card or fund their account via Debit rails We also share in fees charged for out-of-network ATM withdrawals 6 OD#24Unparalleled capital efficiency Revenue Snapshot ($m) Dave Revenue ($ in mm) $17 2018A Transaction Revenue Service Revenue CAGR: 165% $76 $122 121 -30%YoY $114 Note: 1. Based on annualized Q3 '21 total revenue of $40.2m. 113 2019A 2020A Q3'20 LTM Consistent Growth at Scale Despite Small Balance Sheet $147 8 139 Q3'21 LTM $161m Q3 run-rate ¹ achieved with just $61m of equity raised to date 2021 Growth in Focus Favorable unit economics in place Significant option value of upcoming products 1.6m YTD New Members Growth engine ready to deploy significant capital