Business

7 Simple Steps to Choose A Relocation Company

Published

4 years ago

January 7, 2022

These days more and more moving companies are establishing out there offering services to their customers but at the same time, there are also some scammers there who are pretending to be like a genuine mover and you have to save yourself from these scammers and have to pick the best professional company which is offering you the best services. Selecting an ideal long distance movers is even more difficult because you are not aware of the reputation of these in their local market. Now here you will find out the right guide that will help you to pick the best from the heap.

Ask for referrals

It can be a daunting and cumbersome process to search for different moving companies online. You will have to visit the official website of each moving company and then note down the necessary details leading to the wastage of a lot of time. For a better start, it is recommended to as to referrals from your relatives, friends, neighbors, or colleagues. See if they can recommend to you any good relocation company they have worked in the past. In case you have appointed any real estate agent then you can also ask him for the referrals. Agents usually have connections with reputable companies and can save you from the scams present out there.

Get estimates from three different companies

Many people make a common mistake when searching for the moving company and that is that they settle for the moving company providing moving estimates at first. Instead, for hiring the appropriate movers you should consider contacting at least three relocation companies. Ask them to visit your house, evaluate your belongings and thus, provide in-person estimates. The reason why it is a must to have in-person estimates is that these are accurate and more reliable. After you have received all three moving estimates, compare them. Though these days, because of COVID-19, in-house estimates have been transferred to the video calls. In which a professional gets an estimate of all the belongings you possess.

Be aware of frauds

You must essentially take all necessary precautions to protect yourself from the red flags. For instance, a reputed and registered moving company will never ask you to pay them some amount as a deposit in advance. In case the shortlisted relocation company is asking for the deposit then consider it a big no and move to any other moving company. Also, you must notify the level of professionalism of the movers to send by the company to evaluate your home and belongings. In case they didn’t arrive on time and hesitate to answer your queries then go for the other company.

Check if the company is licensed and insured

If you are looking forward to hiring a professional moving company for your move then the main factors you should look for in the specific company is that it is licensed and insured. Ask the movers to provide you with the required documents so that you can be sure that they are licensed and insured. A licensed moving company is less likely to cheat or exploit its customers. Moving is an effort and energy-demanding process. The movers can get hurt during the move. You don’t want to spend your money paying for their treatment. It is an insured moving company that takes care of such expenses.

Cross-check with BBB

You can research the track record of a specific relocation company with BBB (Better Business Bureau). Also, remember to check the reviews or ratings of the particular moving company. Hire the moving company accredited by BBB and have decent ratings and reviews.

Services offered

When moving to another place, you are required to complete various tasks such as packing, lifting, loading, moving, unloading, and organizing the stuff. All these tasks are exhausting and need a certain level of expertise to carry. Therefore, it is better that you hire professional movers to do the same. When hiring a moving company, ask it about the moving services provided by them. See if it provides all the required moving services. And if not, then consider searching for the other one.

Verify the address

Before you hire any relocation company, visit its official website and take a look at the mentioned address. See if the address mentioned on the website is registered and listed under the name of the moving company. Avoid hiring the moving company having its address registered under a residential name. Only the one with a permanent physical address is great to hire.

Wrapping it all up!!!

Now you just have to follow this guide and can hire the right professionals to get your job done with ease. You don’t have to suffer from any moving problem even you will have the easiest moving day. Movers will handle the entire stuff and jobs related to the moving process by themselves.

Business

Inside the $4.3B Quarter: What’s Fueling Black Banx’s Record Revenues

Published

5 days ago

January 16, 2026

Matthew Wiles

Every quarter brings fresh headlines in fintech, but few make the kind of impact achieved by Black Banx in Q2 2025. The Toronto-based global digital banking group, founded by Michael Gastauer, reported an extraordinary USD 4.3 billion in revenue and a record USD 1.6 billion in pre-tax profit, while improving its cost-to-income ratio to 63%.

These results not only highlight the company’s operational efficiency but also mark a pivotal moment in its journey from challenger to global leader. The big question is: what’s fueling such impressive financial performance?

Customer Growth as the Core Driver

One of the clearest engines of revenue growth is Black Banx’s expanding customer base. By Q2 2025, the platform had reached 84 million clients worldwide, up from 69 million at the end of 2024. This 15 million net gain in six months demonstrates both the attractiveness of its services and the scalability of its model.

Unlike traditional banks, which rely heavily on branch expansion, Black Banx leverages digital-first onboarding that allows customers to open accounts within minutes using just a smartphone. This approach is especially effective in regions underserved by legacy institutions, where access to affordable financial tools is in high demand.

More customers don’t just mean higher transaction volumes—they generate a compounding effect where network size, brand trust, and service adoption reinforce one another.

Real-Time Payments and Cross-Border Solutions

A major contributor to Q2 revenues is the platform’s real-time payments infrastructure. Black Banx enables instant cross-border transfers across its 28 supported fiat currencies and multiple cryptocurrencies, helping both individuals and businesses bypass the traditional bottlenecks of international banking.

For freelancers, SMEs, and multinational clients, this means faster liquidity, reduced foreign exchange costs, and simplified global operations. The demand for real-time financial services is growing rapidly—Juniper Research projects global real-time payments turnover to hit USD 58 trillion by 2028—and Black Banx is strategically positioned to capture a significant share of this market.

Crypto Integration as a Revenue Stream

Another key revenue driver is crypto integration. While many traditional institutions remain hesitant, Black Banx embraced digital assets early and has built infrastructure to support Bitcoin, Ethereum, and the Lightning Network. In Q2 2025, 20% of all transactions on the platform were crypto-based, reflecting strong customer appetite for hybrid banking services that bridge fiat and digital assets.

Revenue comes not only from transaction fees but also from value-added services like crypto-to-fiat conversion, staking yields (4–12% APY), and blockchain-enabled payments. For customers in markets with unstable currencies, these services act as a financial lifeline, further expanding the platform’s relevance.

AI-Powered Efficiency and Risk Management

Record revenues would be less impressive if costs ballooned at the same rate. But Black Banx has proven adept at balancing growth with efficiency. Its cost-to-income ratio improved to 63% in Q2, down from 69% a year earlier, thanks to heavy reliance on AI-powered automation.

AI now drives fraud detection, compliance, and customer onboarding—areas where traditional banks often struggle with cost inefficiencies. By automating these processes, Black Banx can process millions of transactions securely while maintaining profitability at scale. This level of efficiency is rare in fintech, where high growth often comes at the expense of margins.

Regional Expansion and Untapped Markets

Geography also plays a role in fueling revenues. Much of the Q2 growth came from Africa, South Asia, and Latin America—regions where demand for mobile-first banking continues to soar. In 2024 alone, Black Banx reported a 32% increase in SME clients from the Middle East and Africa, signaling the strength of its positioning in underserved markets.

By extending services to populations previously excluded from formal banking—migrant workers, rural communities, and small businesses—Black Banx taps into vast pools of latent demand. The strategy proves that financial inclusion and profitability are not mutually exclusive but mutually reinforcing.

Diversified Revenue Streams

Another factor behind Q2’s record revenues is Black Banx’s diversified business model. Income is not tied to a single service but spread across multiple streams, including:

Transaction fees from cross-border transfers and payments.
Crypto trading and exchange services.
Premium account features for high-net-worth clients.
Corporate services for SMEs and international businesses.

This diversification insulates the company against volatility in any single segment, creating stable revenue growth even in shifting market conditions.

Michael Gastauer’s Strategic Blueprint

Behind these results is Michael Gastauer’s long-term strategy: scale aggressively but with efficiency, innovation, and inclusion at the core. His vision has always been to create a borderless financial ecosystem, and Q2 2025’s performance is evidence that this vision is not only achievable but sustainable.

By balancing mass-market accessibility with premium features, and by blending fiat with digital assets, Gastauer has positioned Black Banx as a category-defining player in global finance.

The Road Ahead: Toward 100 Million Clients

Looking forward, the company’s goal of reaching 100 million customers by the end of 2025 will likely be the next catalyst for revenue growth. More customers mean more transactions, more data insights, and more opportunities to refine and expand its service offering.

If current momentum holds, the USD 4.3 billion quarterly revenue milestone could be just the beginning of an even larger growth story. The challenge will be ensuring systems scale securely while maintaining trust in an environment where privacy and compliance are paramount.

A Record That Signals More to Come

Black Banx’s Q2 2025 performance—USD 4.3 billion in revenue, USD 1.6 billion in pre-tax profit, 84 million clients worldwide, and a lean 63% cost-to-income ratio—is more than a financial milestone. It is a signal of how the future of banking is being rewritten by platforms that are borderless, crypto-inclusive, and data-driven.

What fueled this record-breaking quarter is not one innovation but a combination of strategies—scalable onboarding, real-time payments, crypto integration, AI efficiency, and expansion into underserved regions. Together, they form a model that doesn’t just challenge traditional banking but actively builds the foundation for global dominance.

For Black Banx, the road ahead is clear: the $4.3 billion quarter is not an endpoint but a launchpad for even greater scale and profitability.