Hi all,

It's Matt Parker here again with ModernTax. Here is our Q1 2024 Investor update.

Company Overview

ModernTax is an API-first platform that streamlines the process of obtaining tax information on businesses for organizations providing commercial credit, insurance, and data services across the wider financial services industry. Our mission is to create financial transparency and help organizations and their end users save time.

Financials

Last Quarter

• Monthly burn rate: [REDACTED]
• Cash: [REDACTED]
• Run rate: [REDACTED]
• Net new ARR estimate last quarter: [REDACTED]
• Runway: [REDACTED]

Q1 2024

• Monthly burn rate: [REDACTED] (increased by [REDACTED])
• Cash: [REDACTED] (increased by [REDACTED])
• Run Rate: [REDACTED]
• Net new ARR: increased by [REDACTED]
• Runway: [REDACTED]