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      "text": "Quarterly Static Pool Delinquency and Charge-Off Rates. ExtraCash Originations, 28 Day Delinquency Rate, 121 Day Charge-Off Rate from 1Q21 to 2Q24. Originations range from $278 (1Q21) to $1,186 (2Q24). 28 Day Delinquency Rate ranges from 1.67% (3Q23) to 4.47% (1Q21). 121 Day Charge-Off Rate ranges from 1.44% (4Q23) to 3.14% (1Q22).",
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      "text": "CashAI™ is differentiated as it uses bank account transaction data to assess risk, allowing us to detect, nearly in real-time, changes in income, spending, and employment. FICO-based credit decisions rely on lagged bureau data which we believe was artificially inflated by fiscal stimulus.",
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      "text": "Improvements in our 28 Day Delinquency Rate have tracked our static pool 121 Charge-Off Rate, which reached a new low of 1.44% for the most recent quarterly vintage which has fully developed to 121+ days i.e. the 4Q23 cohort of originations in both cases.",
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      "text": "Credit performance has remained strong thus far in Q3 which we expect to continue in part due to full quarter impacts from a new underwriting model rolled out throughout 2Q24.",
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      "text": "ExtraCash's short duration allows us to manage credit risk exposure and observe impacts of underwriting changes within weeks of implementation.",
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      "text": "2Q24 28 Day Delinquency Rate improved 80bps YoY while originations grew by 37%. CashAI™ continues to improve its ability to separate credit risk as it has analyzed over 105mm advances since inception. On a QoQ basis, 28 day DQ rate increased 20bps as performance normalized given 1Q tax refund seasonal impacts.",
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      "text": "Note: See Glossary for the definition of Quarterly Average 28 Day Delinquency Rate and 121 Day Charge-Off Rate",
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