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Covalto SPAC Presentation Deck

Covalto Provides a Differentiated Offering to Meet SME Needs 9 17 Product Suite Customer Experience Data & Tech Economics COVALTO / Multi-product offering addressing full spectrum of SME financing needs Rapid, fully digital experience ✓ High-quality user experience Real-time decisioning and analytics driving underwriting outperformance Low cost of funds through regulated bank Direct access to payment rails ✓ Strong credit performance Incumbent Banks X Larger enterprise focus x Lengthy, manual process X Paper-centric and offline X Traditional data sources X No real-time customer view X Siloed, outdated systems Low cost of funds through regulated bank ✓ Direct access to payment rails Other Fintechs x Limited SME product offering Rapid, fully digital experience ✓ High-quality user experience Real-time decisioning and analytics X Higher credit losses versus Covalto X Higher cost of funds x Require intermediary to access payment rails X Poor credit performance

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