Business

Toronto Startup “Duma Energy Drink” Revolutionizes How You Feel About Energy Drinks

Published

4 years ago

February 22, 2022

It’s no secret that the energy drink business is massive, and the list of brands emerging into this industry is constantly growing. Every year, the sales volume increases, and there is an increasing demand for safer alternatives. As the founders of Duma, Andrew Zoka and his business partners, Leslie Wiafe Seth VanDaele and Maxim Nechaev have created an energy drink that isn’t just less sugar and caffeine, it actually promotes health and vitality.

Andrew remembers that there were times when he and his team would buy energy drinks to keep themselves going throughout the day. But he always had concerns over what these drinks could do to a person’s health. An idea sprang to life, and he immersed himself in information about the human body and the many different things that can affect it, where he learnt about the work of experts that showed how our energy can be subject to changes due to circadian rhythm, sunlight, sleep, and a multitude of other things.

This charismatic individual began experimenting, searching for the most effective mixture of these ingredients that could provide a boost of energy as well as promote psychological and physical health. One of their goals is to promote health and well-being in a market that is full of arguably dangerous alternatives. “I don’t think there should be unhealthy food products on the market at all in this day and age,” Andrew says.

Duma is so much more than just energy drinks. In fact, it’s their true, underlying purpose that sets them apart from the many other companies that are also putting out health based energy drinks. The real mission is to generate income that can be donated to cutting edge medical research, specifically, for sickle-cell anemia.

This is something that matters very much to Andrew and his business partners, because approximately 300,000 babies per year are born with sickle-cell anemia, and it is a disease that plagues Andrew Zoka himself. This has given Andrew a unique awareness of the fact of how many people around the world, many of them children, suffer from this incurable disease, and he doesn’t believe it is necessary. Thanks to the advancement of medical research and technology, Andrew feels that, with proper funding, a cure could be developed, and sooner rather than later.

Duma hopes to change health both personally through the product, as well as globally through

the research their proceeds can facilitate. Their energy drink is getting set to launch in 10 pilot stores throughout Los Angeles, California, and more than 10 in the Toronto area. The future looks bright for these entrepreneurs, who are excited to be able to make a difference in such a big way, both for now, and possibly for many generations to come.

Business

Derik Fay and the Quiet Rise of a Fintech Dynasty: How a Relentless Visionary is Redefining the Future of Payments

Published

3 hours ago

October 17, 2025

Matthew Wiles

Long before the headlines, before the Forbes features, and well before he became a respected fixture in boardrooms across the country, Derik Fay was a kid from Westerly, Rhode Island with little more than grit and audacity. Now, with a strategic footprint spanning more than 40 companies—including holdings in media, construction, real estate, pharma, fitness, and fintech—Fay’s influence is as diversified as it is deliberate. And his most recent move may be his boldest yet: the acquisition and co-ownership of Tycoon Payments, a fintech venture poised to disrupt an industry built on middlemen and outdated rules.

Where many entrepreneurs chase headlines, Fay chases legacy.

Rebuilding the Foundation of Fintech

In the saturated space of payment processors, Fay didn’t just want another transactional brand. He saw a broken system—one that labeled too many businesses as “high-risk,” denied them access, and overcharged them into silence. Tycoon Payments, under his stewardship, is rewriting that narrative from the ground up.

Instead of the all-too-common “fake processor” model, where companies act as brokers rather than actual underwriters, Tycoon Payments is being engineered to own the rails—integrating direct banking partnerships, custom risk modeling, and flexible support for underserved industries.

“Disruption isn’t about being loud,” Fay said in a private strategy session with advisors. “It’s about fixing what’s been ignored for too long. I don’t chase waves—I build the coastline.”

Quiet Power, Strategic Depth

Now 46 years old, Fay has evolved from scrappy gym owner to an empire builder, founding 3F Management as a private equity and venture vehicle to scale fast-growth businesses with staying power. His portfolio includes names like Bare Knuckle Fighting Championships, BIGG Pharma, Results Roofing, FayMs Films, and SalonPlex—but also dozens of companies that never make headlines. That’s by design.

Where others seek followers, Fay builds founders. Where most celebrate their exits, Fay reinvests in people.

While he often deflects conversations around his personal wealth, analysts estimate his net worth to exceed $100 million, with some placing it comfortably over $250 million, based on exits, real estate holdings, and the trajectory of his current ventures.

Yet unlike others in his tax bracket, Fay still answers cold DMs. He mentors rising entrepreneurs without cameras rolling. And he shows up—not just with capital, but with conviction.

A Mogul Grounded in Real Life

Outside of business, Fay remains committed to his role as a father and partner. He shares two daughters, Sophia Elena Fay and Isabella Roslyn Fay, and has been in a relationship with Shandra Phillips since 2021. He’s known for keeping his personal life private, but those close to him speak of a man who brings the same intention to parenting as he does to scaling multimillion-dollar ventures—focused, present, and consistent.

His physical stature—standing at 6′1″—matches his professional gravitas, but what’s more striking is his ability to operate with both discipline and empathy. Fay’s reputation among founders and CEOs is not just one of capital deployment, but emotional intelligence. As one partner noted, “He’s the kind of guy who will break down your pitch—and rebuild your belief in yourself in the same breath.”

The Tycoon Blueprint

The playbook Fay is writing at Tycoon Payments doesn’t just threaten incumbents—it reinvents the infrastructure. This isn’t another “fintech startup” with a flashy brand and no backend. It’s a strategically positioned venture with real underwriting power, cross-border ambitions, and a founder who understands how to scale quietly until the entire industry has to take notice.

In an age where so many entrepreneurs rely on noise and virality to build influence, Fay remains a master of what can only be called elite stealth. He doesn’t need the spotlight. But his impact casts a long shadow.

Conclusion: The Empire Expands

From Rhode Island beginnings to venture boardrooms, from gym owner to fintech force, Derik Fay continues to build not just businesses—but a blueprint. One rooted in resilience, innovation, and long-term infrastructure.

Tycoon Payments may be the latest chess piece. But the game he’s playing is bigger than one move. It’s a long game of strategic leverage, intentional legacy, and generational wealth.

And Fay is not just playing it. He’s redefining the rules.