Decentralized Finance Goes Mainstream as WonderFi Lists on NEO
August 31, 2021 at 08:00 AM EDT
NEO is pleased to announce the public listing of WonderFi Technologies Inc. (“WonderFi” or the “Company”), a Canadian technology-first organization that creates and captures value in the emerging decentralized finance (“DeFi”) space. WonderFi begins trading today on the NEO Exchange under the symbol WNDR.
WonderFi’s mission to democratize finance starts with its core product, an app that will simplify access to DeFi and enable users with little or no experience to learn about and access DeFi. The Company aims to be a proxy for the DeFi space and for investors that seek exposure to the new financial system. WonderFi is backed by strategic investors such as Alameda Research and FTX’s Sam Bankman-Fried, Shark Tank’s Kevin O’Leary, and social media star Josh Richards.
“Today is an important milestone for WonderFi and our mission to bring decentralized finance to the masses,” remarked Ben Samaroo, CEO of WonderFi. “Our public listing on the NEO Exchange bolsters our ability to access institutional capital to fund our growth. This will help get us closer to our mission of educating people about DeFi and democratizing finance.”
Canadian entrepreneur, financier, and television personality Kevin O’Leary (also known as “Mr. Wonderful”) became an early investor and advocate for WonderFi, as well as the inspiration behind the Company’s name. “Today’s launch marks the culmination of hard work, smart ideas, and a great team,” he said. “WonderFi is focused on being the number one company in the DeFi space and this is a major milestone for them. I am proud of the work the team has done and very pleased to see them launch on the NEO Exchange, where innovative and disruptive companies go to list.”
“Financial literacy is extremely important for my generation,” added Josh Richards, a Canadian social media influencer and venture capitalist, who is also a strategic investor in WonderFi and today becomes the youngest person to open the market on the NEO Exchange. “We've grown up in an era of disruption, yet the financial system is still backwards. That is why I got excited about being an early investor in WonderFi. They are focused on disrupting the financial world while bringing important products to the market that everyone can easily use. I'm a believer in DeFi, and WonderFi is leading the way.”
Investors can trade shares of WNDR through their usual investment channels, including discount brokerage platforms and full-service dealers.
“DeFi is the future of finance,” commented Jos Schmitt, President and CEO of NEO. “WonderFi’s mission is to accelerate its adoption and drive change within the industry, and the NEO Exchange is the ideal listing partner to help with that. As an internationally recognized Tier 1 stock exchange, NEO is ready and able to support their continued success through enhanced trading liquidity, increased access to capital, wider investor exposure, and our own special touch of five-star service. We are honoured to welcome yet another forward-thinking and disruptive organization to the growing ranks of NEO issuers that are fueling the innovation economy, and are excited to watch this journey unfold.”
The NEO Exchange is home to over 160 unique listings, including some of Canada’s most innovative up-and-coming public companies and ETFs from Canada’s largest ETF issuers. Backed by some of the most reputable financial organizations in Canada, the NEO Exchange is the third most active marketplace in the country – closing in on second – and consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About WonderFi Technologies Inc.
WonderFi is a technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi’s core platform is a trusted gateway to the new financial system and aims to enable and empower individuals to use DeFi in a streamlined way. WonderFi was founded by a team of experienced builders in Fintech, crypto and other complementary industries with institutional experience. The Company is supported by engineers with previous experience at Amazon, Paypal, Galaxy Digital and other leading technology companies and is backed by some of the biggest names in venture capital including Sam Bankman-Fried and Kevin O’Leary.