 Hey guys, how you doing? This is your boy Rich from Rich TV Live and you too can join the club at richpicksdaily.com where you can learn how to win and trade. Hi, how's everybody doing today? I'm your host, Rich. Here, your host from Rich TV Live with our very special guest, many time guest, the CEO of WonderFight Technologies, Ben Samaru. How you doing today, Ben? Doing great, Rich. How are you? I'm doing very well. Happy holidays. Happy Easter. I want to wish you and everyone that's watching happy holidays. And my first question for you today, Ben, is obviously it's great to have you back on the show and you guys are on a roll right now, acquiring some of the biggest crypto companies in Canada. First, you guys just recently announced the acquisition of Bitbuy and now you're announcing a deal with CoinBerry. So can you tell everyone that's watching today, what does this mean for WonderFight Technologies? Absolutely. So yeah, very excited to get CoinBerry announced. We got the Bitbuy deal closed just a few weeks ago, March 24th, and that I think was a sort of precedent setter for acquisitions in the crypto space of licensed platforms. So very excited to get that deal closed and then also to have reached a deal with CoinBerry. So what we're doing is we're building the leading crypto platform within Canada. The vision is obviously global and we are in global markets already, but I think what we're seeing in Canada is that the space is very fragmented. So there's 20, 30 different crypto trading platforms and then you've got some of the big global players that are looking to enter markets like Canada. At the same time, some of these smaller platforms are trying to get into global markets, but it's not really in a meaningful way. So through the acquisition of Bitbuy and now CoinBerry, and we're looking at other accretive acquisitions for the company, we now find ourselves as what I believe is the largest crypto platform in Canada from a user account standpoint. So that is a great launchpad for getting into some of these bigger markets. It's a lot more meaningful and really gives us a good first step to do that. So yeah, really excited to get this announced and we're continuing to focus on licensed platforms and also countries that are starting to issue their first crypto exchange licenses. So we're also pursuing that at the same time. Congratulations on all of your success being number one in Canada. In the short period of time that you guys have been public is a huge, huge success story. So very, very proud of your success and you should be proud of your success as well. It's not easy to become number one essentially within a few months and that's essentially what you guys have done. So that's something to definitely be proud of. Now, with these two big deals under Wunderfys belt, where would you rank Wunderfys amongst its peers in this space as a publicly traded company? So with, you know, we look at a few different factors. One is revenue, one is users, and then I think an important one that is less quantitative is really product offerings. And that one's really important because if you have a broad set of product offerings, you're able to increase the LTV of your users and therefore increase your revenue. And so I think there's a, you know, we're working on some of the short term things and the long term things at the same time. So the launch of Wunderfys Interactive recently, the launch of our DeFi app and, you know, stepping into NFTs at the same time as the license exchange business, all of those things fit within this umbrella being able to provide users with unified access to digital assets across the Wunderfys ecosystem. So we're thinking like an Apple ecosystem where you now don't have to go to, you know, five, six, seven, eight, nine, 10 different platforms to access whatever you want to within digital assets. And I think that's a problem that we hear a lot from users is that they have to manage all of these different accounts and passwords and keys across all these different platforms. So we're unifying that through single sign-on across all these different brands and products that we're launching and acquiring. And I think that, you know, I really believe that's going to be a differentiator for us as we, as we also grow those key metrics of, you know, what's the revenue today and what's the user count today. So, but then circling back to user count and revenue, I think this puts us around 750,000 users. Like I said, for a Canadian platform, I believe that is the largest. That doesn't include WellSimple, you know, who obviously is a more broader business that offers stock and other sort of investment opportunities. But I believe WellSimple is around two million. So that sort of puts things into perspective based on, you know, their valuation and what that business looks like. So we're really, you know, aggressively growing that. And with Bit by their revenue over the last 12 months was in the $34 million range, Coinberry, just over 13 million. So, you know, we're well over 50 million for our, like trailing 12 months revenue. And obviously we're growing that with more diverse products that we're offering. So, you know, for me in my role, there's obviously key metrics that I look at. You know, talent and product is essential. But we know we're really racing towards 100 million in revenue and a million users, which I think we're going to hit the, I thought those would be sort of pretty close in terms of timing. I think we'll hit the user mark quite, you know, quite a bit before the revenue target. But that's, you know, that's how we're thinking about ourselves. And I'll keep rambling for a second because I'm realizing I didn't answer your question of how do we view ourselves versus comparable. So I think in the public markets, you obviously have, you know, the way that a lot of investors look at the crypto spaces, they understand and they know miners. And that's a lot of institutional, a lot of retail investors I talked to, that's what they know and understand. They know how they know how they know them, you know, they're simple enough business models to understand. And what we're really trying to carve out is this category of the picks and shovels, the platforms that provide access to those assets, because a lot of investors are not coming into the space because they're afraid of volatility in Bitcoin, which affects minor stock prices, but it really shouldn't be affecting the price and valuation of platforms like Wunderfide because when there's volatility, we make money. We're just like the TSX, we're just like the NASDAQ in that regard. And so, you know, that's kind of a message that I think is really important for, you know, the investment community as they get more educated about crypto. And then on the comparable side, I think they're on the trading platforms, it's really Coinbase and Voyager that are, I'd say, the closest comparables from a product and just business standpoint. There are other public companies in the crypto and the DeFi space that deal with staking and investing in other assets, which, you know, which I think is a bit of a different model. So, you know, really for comparables, now I'm looking more at Coinbase and Voyager for Wunderfide. Fantastic. And I know you mentioned this a little bit, but I want to get a little bit more detail. Can you tell the viewers how much potential revenues these two assets, Bitbuy, which is already closed, and Coinberry, which is to be closed in Q2 2022, will add to the consolidated balance sheet of Wunderfide. Yes. So, Bitbuy is around $34 million. Coinberry for the year ended 2021 is just over $13 million in revenue. So, you know, really, really significant assets. The businesses are running extremely well and we're looking at ways to really integrate them with Wunderfide, with each other. There's a ton of synergies across all the different departments, technology, management, compliance, customer service. It just, and this is where the consolidation just starts to make sense because all these, all these companies are competing for talent, you know, and, you know, bringing the best of all worlds together really creates a stronger Canadian presence that allows us to start to get into these global markets. Does the company have any more acquisitions in its sights? You guys obviously have these two big acquisitions. You just mentioned a combined 700,000 customers. It's just incredible. And doing the math, quick math, $44 million in revenue. So, from a startup to $700,000 customers and from a startup to $44 million in revenue, that's really good. So, you guys have any more tricks up your sleeve? Any other acquisitions you guys working on? So, the bit by acquisition when we got, let me back up a second. So, we've been looking at M&A since we started the company. I think we see a lot of, we knew this consolidation was in the pipes. When we announced bit by, that started a lot of inbound to 1 or 5 because people saw that we had the vision for executing on this and obviously saw sort of the team behind it. And when we announced that the Ontario Securities Commission approved the acquisition of bit by, which was the first acquisition of a licensed crypto platform in North America, then the floodgates started to open. And so, in terms of strategic M&A opportunities, there are a lot within Canada and a lot internationally. So, we are certainly actively looking and in conversations. And the scale now, which you mentioned some of the numbers, the scale now really means we're starting to enter kind of a different playing field. So, some of these opportunities could really springboard us and not just the Canadian market, but within some of these other markets that we're actively looking at. That's really exciting for shareholders and full disclosure. I am a shareholder. And before we go today, is there anything else you want shareholders to know about WonderFi? We just updated our investor deck, which is available on the website. There's been a lot of development and growth within the company in a very short period of time. So, we're trying to take the time to make sure that we're telling the story and really communicating what the vision is. So, I think that's a very useful document to go through to really understand where we're headed. We're having to update that, obviously, with the CoinBerry acquisition. So, there's another business line that comes into that. But at the end of the day, what we're doing is providing unified access to digital assets and doing it in a compliant way. And I think what you're going to see with companies like WonderFi when we're positioned versus some of the global incumbents is that some of the global incumbents have made bad blood with regulators. And so, they're not able to operate in some really crypto-friendly jurisdictions. So, that leads the way for companies like WonderFi with brands like BitBuy, CoinBerry, and other products that we're launching and looking at rolling in to enter those markets in a really meaningful way with clean hands. And so, I think compliance is going to be... As a former lawyer, I feel like I always hate saying compliance is so important because it just feels like it's just a lawyer giving you a lecture. But really, now we're starting to see that in terms of being able to obtain market share, it actually is very key. And it's a differentiator for us against some of these global players. Yeah, that makes a lot of sense. And it's one of the reasons why we here at Rich TV Live and our community all over the world have so much interest in WonderFi technologies. I literally get messages every day. Rich, when are you going to get them back on your show? Rich, what's going on with WonderFi? There's so much interest about WonderFi technologies, literally from all over the globe. Now, in saying that, what is the best way for anyone that is interested in having any questions to get in touch with the company? For users, the best way is for users to try out the WonderFi app. You can contact customer support or on social media if you have questions or are looking for new features to be added or requests. For people trading on Bitbuy, go to bitbuy.ca. Same goes for CoinBerry, both great platforms and both serving slightly different user segments. And then for investors, again, the investor deck is a great place to start. Invest at WonderFi is our IR investor relations contact. And so you can feel free to reach out and we're happy to share information as we're permitted to do so. Thank you for your time today. The CEO of WonderFi Technologies, Ben Samaru. Before I say goodbye, I must remind everyone that Rich TV Live is strictly for information, education, and entertainment purposes. Please do your due diligence, do your research before you invest in anything that we talk about or discuss here on Rich TV Live. In saying that, we've been talking about WonderFi technology since it was pre-IPO. It has done extremely well for our community. We really believe it's still in the early stages. And I wanted to congratulate you, Ben, for all the hard work and effort you've put in building this from a startup to now a company with hundreds of thousands of customers and millions of dollars of revenue. So congratulations on all your hard work. And we look forward to seeing you guys continue to evolve, Ben. Thanks so much, Rich. Really appreciate it. Always a pleasure. The CEO of WonderFi Technologies, Ben Samaru. If you liked the video, please smash the like button, comment down below, share the video everywhere, and subscribe. And just put your attention on the symbol WNDR in Canada, W-O-N-D-F in America. Put it on your radar. Put it on your watch list. This is Rich from Rich TV Live with Ben Samaru saying, have a nice day, everybody. We'll see you soon.