Dave SPAC Presentation Deck

Attractive Initial Valuation Relative to Peers EV / Revenue 2022E Peer Median: 13.9x 2023E Peer Median: 10.5x Revenue Growth 2022E Dave 2023E 9.4x 2023E 6.7x Dave 95.2% Growth-Adjusted Revenue Multiples 2022E 41.4% 0.10x 0.16x 2 9.1x 5.5x 79.2% 64.3% 0.11x 0.09x 12.2x Source: Dave Management, consensus broker research. Market data from FactSet as of June 1, 2021. ¹Affirm estimates showing fiscal year ending in June. 2Growth-adjusted revenue multiples calculated as EV / CY revenue / CY revenue growth rate. 8.7x 53.1% 40.4% 10.4x 0.23x 0.21x 8.0x 22.7% 30.1% 19.3x 0.46x 0.27x 15.1x MoneyLion SoFi eToro Upstart Square OpenLending affirm afterpay 30.4% 27.7% 17.7x 0.64x 0.55x 14.5× 31.2% 21.9% 0.57x 16.9x 0.66x 13.7x 37.0% 23.1% EV / 2022E Revenue 0.46x 0.60x EV / 2023E Revenue 15.6x 12.2x 11.6x 1 37.6% 27.3% 0.41x 0.45x 8.1x 45.6% 42.8% 0.25x 0.19x 29

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