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  "presentationDate": "2024-07-01 00:00:00",
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      "text": "Quarterly Average 28-Day Delinquency Rate; 5.93%, 4.87%, 3.52%, 3.06%, 4.47%, 4.20%, 3.48%, 3.27%, 4.07%, 3.67%, 3.58%, 2.60%, 2.83%, 2.42%, 2.19%, 1.83%",
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      "text": "Our underwriting is differentiated as CashAI primarily uses bank account transaction data to assess risk, allowing us to detect, nearly in real-time, changes in income, spending, savings, and employment. FICO-based credit decisions rely on heavily-lagged bureau data which was often artificially inflated by fiscal stimulus impacts from 2020-2021.",
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      "text": "The short-term nature of ExtraCash allows us to manage credit risk exposure and observe impacts of underwriting changes within weeks of implementation.",
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      "text": "1Q24 was another record period for credit performance: 28-day delinquency rate was down 77bps YoY to 1.83%, the lowest in Dave's history, while originations grew by 32% over the same period. CashAI continues to demonstrate its efficacy by sustaining improvements in credit performance. Bolstered by tax refunds, 1Q is typically our strongest period for credit performance; consistent with historical trends, we expect delinquency rates to normalize modestly in 2Q-4Q, albeit maintaining the improvements we've delivered on a YoY basis.",
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      "text": "Note: See Glossary for the definition of Quarterly Average 28 Day Delinquency Rate",
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