Karma 2020.Q4 Financial Report

Hello, dear friends!

We've got lots of interesting things happened in 2020.Q4, and our overall YoY performance was great.

Key Quarterly Results:

• Platform fees income have grown +51% QoQ and reached $43,728.
• We've got the lowest net quarterly loss ever: $50,196, which is 26% better than 2020Q3.
• Operating expenses stabilized.
• Runway time is 4.6 quarters from now.
• Legalized our digital shares and prepared a secondary market.
• Onboarded a large state-owned fund as an investor and got a first investments from it.
• Onboarded a wholesale source of borrowers.
• Preparing Karma launch in the another big country 😉

Key Annual Results

• Platform fees income has grown to $105k (x2.5).
• Loan volume has grown to $4M (x2.5).
• Both growth rates are x3 in RUB.

What’s next:

• We're fully automated and ready to scale x5 and more in 2021.
• We will enable global investor onboarding and with high income in strong currencies.

Cheers ˆ_ˆ

PS.

You can check the detailed data in the comfortable Google Spreadsheet, including historical data by quarters.