The company MultiversX Labs SRL, which has repeatedly voiced its intention to become a unicorn – just like UiPath, recorded a turnover of RON12.86 million in 2022, down 11% on the year, and total debts of RON39.34 million, higher by 161% on the year. 2022 was also the year in which the company reported the biggest net profit in its five-year activity: RON89.01 million, higher by 74% on the year.
The company’s average number of employees increased to 67 people in 2022, from 39 in 2021.
2022 was marred by a collapse in the value of Egold cryptocurrency launched by Elron/MultiversX: from $238.86 on January 1, 2022 to $32.96 on December 31, 2022, as per data on www.crypto.ro. Currently, the cryptocurrency value is even lower: $31.21, the same source said.
The company is held by Beniamin Mincu, Lucian Mincu and Mihail-Lucian Todea.