I'm thinking they still have at least 2 quarters at current cash burn rates....
Remittance should be generating revenues by then...
Union bank should have gotten Bulk Customer on boarding by then.. (I think) and more billers and more users should be on boarded too.
So the cash may last them longer as revenue growth outpaces expenses.
For me the biggest uncertainty in the political environment which appears quite unstable (nothing new for the Philippines though).
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I'm thinking they still have at least 2 quarters at current cash...
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