Dave SPAC Presentation Deck
Our Business at a Glance
$122mm
2020A Revenue
Only
$61mm
Equity Capital Raised
$1B
Overdraft Fees
Avoided 2
Dave®
60%
2020A Revenue
Growth
10-20x
Dave User Acquisition
Outperformance vs.
Neobanks
~$200mm
Income Earned by Dave
Users through Side Hustle
Source: Dave Management.
Note: Dave has not yet completed its 2020 audit and therefore all financial statement information for the year
ended December 31, 2020 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.
Financial
Management
Tool
2017
Capital Raised / Users Acquired ¹
1
Dave: $6
Other Neobanks: $75-100
Largest Neobanks: $125
Scaled
ExtraCash
Product
7M
2018
Side Hustle
Rollout
10M
Dave Registered Users
2019
Begin Bank
Rollout
2020
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