Yuri Ferber

Last year, we started our expansion to Europe and the US markets.

No, because we stopped that raising process.

What happened is that we changed our expansion model.

We created what we call a distribution franchise model.

So basically, we now have like five franchisees around the world, and they are...

allowing us to expand globally without a lot of money from our side.

So at that time, we were raising money to grow the sales and marketing team.

And now that growth is coming from the channels, from the franchisees that we are attracting around the world.

So our revenue is like $9 million if we keep the same currency exchange rate that we used at that time.

Because I don't know if you are following Brazilian exchange rate.

From that time, it's like almost 50% devaluation in the currency.

Yeah, yeah.

It's good, but again, because now we have customers in three different currencies.

We have customers in Brazilian reais, of course, most part of them.

Out of the 250, 2 and 20 are in Brazil.

I see.

So most part is still in Brazil.

yet in Brazil, but we have customers in Europe and the US.

So we have like 90% of our clients paying in reais and 10% paying euros or dollars, US dollars.

We still have the 20 people.