Covalto SPAC Presentation Deck
Diversified Origination
Channels
Origination by Channel¹
1.
2.
3.
28%
72%
2019
24%
22%
54%
32%
Total 2019 Originations
$59mm
40%
28%
2020
2021
Partner Direct Embedded
22%
Channel mix for Covalto standalone origination (excluding Banco Finterra), calculated by number of disbursements.
Ranges based on management estimates. Percentages are of the originated loan amount.
Data as of June 2022.
54%
24%
2022YTD³
Total 2021 Originations4
$189mm
23
4. Financial information for the 2021 year is unaudited pro forma financial information, giving effect to the Company's acquisition of Banco Finterra as if it occurred on
January 1, 2021. May not be indicative of actual or future results.
Expansion of direct and embedded
channels diversifies origination mix and
lowers customer acquisition costs
("CAC")²
Embedded CAC: 1.0 - 2.5%
Direct CAC: 1.5 - 4.5%
Partner CAC: 3.0 - 5.5%
Direct sales channel builds reliable
source of leads with high customer
loyalty and provides higher margins
Embedded channel generated 23% of
YTD originations, with significant
potential for growth
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