Dave SPAC Presentation Deck
Product Spotlight: ExtraCash
K
Advance Approved
Select amount
$100
$75
$50
Up to $200 of ExtraCash
without the fees
• Flagship feature, a pioneer in
reinventing overdraft for Americans
in 2017
●
Instantly access funds by linking an
existing bank account or setting up
direct deposit
Utilized over 30mm times since
product launched in 2017
$1B of overdraft fees saved 1
Source: Dave Management.
1 Dave users have taken over 30mm of overdraft protection advances, typically avoiding -$35 overdraft fee from their legacy bank. Dave Users have recorded in aggregate $300-400mm /
year in fees from their legacy banks in 2019 - 2020.
Solves immediate
and significant "pain
point" for users
Engenders
significant user
loyalty
Improves budgeting
and financial
management skills
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