Business

DearDoc founder Joe Brown on the importance of not giving up on the business journey

Published

4 years ago

September 16, 2021

While DearDoc founder Joe Brown was in high school, he unlocked his secret talent while at his part-time job: a knack for sales, first revealed after he nearly shattered the company’s sales record in his first day on the job.

“That was when I realized that this was something I wanted to do, and that I needed to go to college and make this happen,” he said. “And my dad, who had a career in sales, was really excited.”

Brown’s father invested countless hours in Brown’s development through high school and college, spending hours on the phone talking about sales strategies and entrepreneurship and encouraging his son any way he could. Brown said he often thinks about his father’s legacy as he continues to grow his company, which offers cloud-based software solutions to reinvent the way new patients meet their doctor.

“He passed away just a few months before I was set to graduate,” he said. “I think about all our conversations and the lessons he shared with me, and they definitely guided me as I founded DearDoc.”

Founded in 2018, DearDoc was built around a single mission: to provide patients and doctors with healthcare-focused, artificial intelligence-powered solutions to receive care and collaborate around patient needs. While the company didn’t have any investors when it first came on the scene, it has since grown to over 2,000 clients and a growing sales team always hungry for the next opportunity.

“We’ve definitely built something meaningful together, and I’m very grateful,” he said. “We’ve been able to innovate in our industry and overcome the challenges brought on by the pandemic, and that definitely wouldn’t have been possible without the entire DearDoc team.”

As Brown looks toward the future, he said he’s excited to continue expanding the DearDoc team and looks forward to the growth that will come about as a result.

“I think everything that happens, good or bad, is a chance to learn and do better,” Brown said. “Life is a continuous journey of learning and relearning. If the new challenges that life throws at you look like events trying to bring you down instead of an opportunity to grow and evolve, you need to develop your mindset. It’s impossible to fail at anything unless you give up.”

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days 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.