Business

Nidal Rasheed Discusses His Company’s Policy of Seeking New Talent and the Advice He Would like to Give to Aspiring Entrepreneurs

Published

5 years ago

September 20, 2020

Nidal Rasheed, a successful entrepreneur, and property expert, who has aided hundreds of families to get on and climb up the property ladder, talks about his company’s policy of hiring new talent as well as share an insight into what he would like to do differently if he was given a do-over.

Nidal Rasheed runs a successful company called ‘Silvertail Property Group’ that helps people buy and/or build new properties. In addition to that ‘Silvertail’ is a property investment company that mainly focuses on creating long term wealth for their clients through small property investments.

Since Nidal acquired most of his skill-set through hard-learned lessons in life and business, he believes that skills can be taught and what matters more are sincere dedication and a passion to succeed and innovate in the chosen industry. He judges talent based on their values and if whether or not they resonate with the company’s vision of growth. Nidal’s process of seeking new applicants is reflected extremely well by his favorite quote ‘Give a man a fish you’ll feed him for a day. Teach a man how to fish; you’ll feed him for life.’

“We attract people who resonate with our values. We don’t hire based on skill, we hire based on values, and we teach the skills,” says Nidal.

Nidal Rasheed experienced quite a few obstacles throughout his entrepreneurial journey and eventually decided to restructure his business goals and increase his output. One advice that he would like to impart on the young and aspiring entrepreneurs is, to focus and work towards one goal before moving onto the next. This is the one piece of advice that he would also follow if he had to start from scratch all over again.

“Keep the main thing the main thing. As an entrepreneur its easy to get excited about new ideas and pursue different ventures. If I was to start all over again, I would keep things very focused and go deep rather than go wide,” says Nidal.

Business

Black Banx Group — Third Quarter 2025 Results

Published

21 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.