Dave SPAC Presentation Deck

Dave Offers a Highly Differentiated, Impactful Platform Incumbent Bank User Journey 1 Ease of Access 2 Speed-to-Value 3 Data & Tech 4 Beloved Dave Dave User Journey Frictionless access to a variety of products in just four steps Multiple user-friendly features at your fingertips, and just 15 minutes from download to deposit for advance product Deep understanding of user behavior over 30B transactions; use Machine Learning to deliver fast and inexpensive solutions #1 favorable opinion of consumer finance apps ¹ Source: Dave Management. ¹ Based on third-party consumer research commissioned by Dave. X X X X Other Neobank User Journey "Walled Garden" approach; can only access products with a bank account and multitude of associated steps Advance approval after 30 days, direct deposit No visibility into user's historical income and spending patterns; limits user offering ~20pp behind Dave in user satisfaction ¹ X Antiquated onboarding process, in-person branches and difficult to navigate financial offerings Unsophisticated approach X based on legacy technology stack X Negative NPS scores for large banks 18

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