Business

Disapproval of Methods Should Not Seem Disappointing, Says Entrepreneur Yik Chan

Published

5 years ago

November 3, 2020

Entrepreneur Yik Chan has revolutionized not only the aspects of e-commerce business, but is also motivating netizens with his success related ideologies. He is often found saying “When people disapprove of your method or call you crazy, congratulations, you are working towards being top 1%”. No doubt his out of the box notion has led him on his way to being the top 1% of all.

At a young age of 27, Yik has become a successful entrepreneur with multiple businesses worldwide. Having founded the YNC Academy and YNC Entrepreneurs Club, he is very passionate about teaching e-commerce and business automation to young minds. Moreover, he owns 4 companies in industries including E-Commerce, Travel, Education and Real Estate Investment.

Apart from being an entrepreneur, Yik Chan is a meditation and spiritual coach. He believes that the modern youth need to be shown the right direction, and thus has a passion for motivational speaking. A business oriented mind is supposed to think creatively and out of the box to lay the foundation of a successful venture, and thus Yik says if your methods are being questioned, you should take it as a positive feedback.

There is no doubt as to how Yik has been able to leave an impact as an entrepreneur, that too at the young age of 27. ” I was in the final year of University, struggling to figure out whether to start looking for a job or start a business. I faced many roadblocks, yet decided not to take negative feedback seriously. When people laugh at you, you are doing something creative”, says Yik on his entrepreneurial journey.

Belonging to a conservative environment, Yik Chan decided to ditch the “safest path” of working in a good company for a lifetime, and decided to take up entrepreneurship. Clearly, his laid back attitude and optimistic mindset has made him reach the top 1% of great minds.

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.