December 2022 Treasury Report
Going over Neftify’s finances for the month
The year is finally over, and we’re excited to report our last month’s finances. You’ll find a breakdown of the company multi-sig balance, off-chain balance, and other financial activities.
This treasury report is for the period between November 15th, 2022 and December 15th 2022.
Overview
In the past month, the company’s on-chain cash balance has gone from US$ 956,250.12 on November 15th to US$ 481,350.12 on December 15th — a 49.66% decrease over the period.
Our off-chain cash underwent a 638.9% increase during the same period, going from US$ 69,144.50 on November 15th to US$ 510,882.94 by December 15th.
Overall, Neftify’s budgeted monthly burn rate for the month of December was US$ 32,305. However, the actual burn for the period between November 15th and December 15th came out to US$ 33,161.56.
Thoughts on Cash Burn
Our budgeted burn rate gives us T-minus 30.7 months of runway, counting down from today. Going by our actual burn rate, this brings us to 29.9 months.
About Neftify
Neftify is building infrastructure for people and businesses to build custom financial interactions and payment experiences.
For more information , visit our website or check out the official Twitter. If you have any questions, send a DM, and a team member will answer shortly.
