Business

Reeve Yew’s Early Struggles and His Road to Success

Published

5 years ago

August 26, 2020

How many times have you tried building sales funnels without getting the results you want? It can be frustrating when you keep on trying yet have nothing to show for it. Reeve Yew went through the exact same thing. It might not look like it, but there was a point when Reeve knew nothing about sales funnels. He was just another guy who wanted to make a full-time income online. Today, he’s running a sales funnel design and strategy company that works with clients all over the globe.

Humble Beginnings

Reeve Yew hails from Malaysia. He was fortunate for having the opportunity to study abroad, deciding to take up Business Management in King’s College London. During this time, Reeve already has a bit of experience in online marketing. As a 15-year-old, he had his first attempt at dropshipping, generating $2,500 a month by reselling products imported from China.

Despite his early success, however, Reeve found himself with little money for most of his years in university. He and his family struggled to pay for his education, and Reeve knew he had to find a solution before things turned from bad to worse. Reeve was so broke that he had to eat expired food for an entire year just to survive.

Stomach aches were a normal part of his life. But Reeve refused to give up. A believer of working smart to achieve one’s goals, Reeve continued learning as much as he could about digital marketing because he had always wanted to be a successful entrepreneur. He also studied web development in his spare time. His skills landed him an Apple sponsorship. He also created a smart AI GPS app at 21 years old, earning him a featured article on several newspapers.

Turning Things Around

Reeve always believed in his abilities, but he still struggled to find a way to support himself financially. Always an action-taker, Reeve went on to seek for clients whom he knew would benefit from his unique set of digital marketing and funnel building expertise.

It was at this point that he created 7 websites which made a total of $27,000 within 3 months. Finally, all his hard work paid off. Reeve knew he had started something special, and there was no turning back.

Building His Own Company

In 2018, Reeve co-founded Funnel Duo Media with his brother, Jackson Yew. It’s fascinating how Reeve was able to get to where he’s at today despite going through a lot of difficulties in his college years. If there was anything he learned, it was the importance of refusing to give up no matter what life throws at you.

His experience in building websites both for himself and his international clients allowed him to master the art of building effective sales funnels. Today, his company works with businesses and helps them create customized sales funnels based on their unique needs. Reeve’s uncanny ability to understand the needs of customers from different industries enables him to deliver conversion-focused results.

Reeve still looks back at his struggles in the past from time to time, remembering all the lessons he learned along the way. He has now fulfilled his lifelong dream, but he’s still as passionate and hungry as ever.

Business

Black Banx Group — Third Quarter 2025 Results

Published

14 hours ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.