Dave Investor Presentation Deck

Expanding variable margin Variable margin expanded ~1,400bps Y-o-Y due to: • Lower provision expense as % of non-GAAP revenue given significant improvements in credit performance • Renegotiated key vendor contract, effective 1/1/23 • Processing cost enhancements related to how we utilize payment networks to move money Variable margin contracted slightly Q-o-Q due to higher provision expense resulting from increased ExtraCash originations and modest normalization of credit performance relative to the seasonally strongest first quarter. Other Variable Expenses continued to decline as a % of Non-GAAP revenue based on continued processing efficiencies. Dave Variable Profit Margin (Non-GAAP) 39% 29% 35% Year-Over-Year Growth 42% 31% 2Q22 3Q22 4Q22 Provision for Credit Losses - % of Non-GAAP Revenue || 41% 31% Other Variable Expenses - % of Non-GAAP Revenue 27% 33% 26% 56% 1Q23 20% 24% Note: Variable Profit Margin (Non-GAAP) is defined as Non-GAAP Variable Profit divided by Non-GAAP Revenue. See Glossary for the definition of Non-GAAP Variable Profit and Non-GAAP Revenue. Note: See Appendix for reconciliation of Non-GAAP measures. 53% 2Q23 26% 22% 28

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