Dave Results Presentation Deck
Stable credit
performance
Improvements to DQ rates y-o-y while increasing
ExtraCash size by 57% and originations by 110%
displays the strength of our data-driven underwriting
and risk management functions.
3% y-o-y reduction in DQ rate understates
improvement in credit performance given how fiscal
stimulus supported consumer credit through 2021.
With substantial new member growth in 3Q22,
portfolio had mix shift towards new member
originations that have higher DQ rates. Older cohorts
performing in-line with historical trends.
First quarter seasonally strongest credit performance
due to tax refunds.
DQ rates controllable with dynamic nature of risk
program, combined with short-term nature of
ExtraCash.
Dave
28 Day Average Quarterly Delinquency Rate
3.21%
3.99%
4.32%
4.20%
3.06%
3.52%
4.88%
5.93%
3.56%
16% Improvement Over 2 Years
4.47%
Note: See Glossary for the definition of 28 Day Average Quarterly Delinquency Rate
4.20%
3% Y-o-Y Improvement
3.48%
3.27%
3.67%
4.07%
1Q19 2019 3019 4019 1020 2020 3020 4020 1021 2021 3021 4021 1022 2022 3022
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