Dave Results Presentation Deck

Path to profitability: key milestones Pre-4Q22 Contribution Profit Positive Contribution margin profitable since pre-2020 Positions Dave for profitability as it scales Dave 4Q22 Adj. EBITDA Positive (Pre-Marketing) Achieved in 4Q22 i.e. earlier than prior guidance of 2023 Digital marketing spend can be flexed to optimize ROIS and preserve liquidity as needed Implies level of self-sustainability of business model given our solid levels of organic acquisition 2024 Adjusted EBITDA Positive Growth in MTMs: projected to turn break-even @ 2.2 - 2.4mm MTMs Conservative assumptions on continued ARPU improvement o Further optimizing ExtraCash e.g. funnel, monetization O Growing cross-attach to Dave Card o Deeper focus on incentivizing direct deposit relationships Margin expansion based largely on identified, quantifiable initiatives o Underwriting + settlement optimization; renegotiating contracts o Driving direct deposit relationships as Dave Card matures o Intensified focus on fraud controls and risk management Operating leverage of fixed cost base as contribution profit scales 30

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