Business

Entrepreneur Ethan Duran: The One Thing That Sets Me Apart From the Competition is Impeccable Service

Published

5 years ago

October 6, 2020

When your clients appreciate the finer things in life, they expect their patronage to be rewarded with excellent service. Ethan Duran, a 22-year-old entrepreneur and the CEO of Corsa Auto Rental, understands this and says top-notch service sets him apart from the competition.

Born in the Dominican Republic and raised in New York, Duran stumbled upon the exotic car rentals industry by mere chance. When he relocated to Los Angeles with the intention of getting into investment banking, he recognized the potential of exotic car rentals. And with it came the realization that he could do it better than were the people already in the industry. Getting into the sector proved to be a great career decision as he made USD 2.7 million in year one and was able to provide for his family in ways that he wasn’t able to previously.

“Build trust, with your clients, with your friends, with everyone you meet,” says Duran. “It’ll pay off. Karma might not be real, but reputation definitely is. You want to be someone everyone can trust, especially if you’re young. When all odds are against you, you want to be able to show that you’re responsible and trustworthy.”

Duran, who earned an associate’s degree in Business Administration from Seminole State, knows what sacrifice is all about. In fact, he worked 18-hour days and seven days a week in year one of running his company. This meant missing out on Thanksgiving, Christmas, and New Year celebrations with family. But those sacrifices later allowed him to make it up to his hard-working mom. He has paid off her debt, bought her a house and car, and even assisted her in establishing a local business that now generates USD 400,000 annually. Duran has managed to do just fine for someone who used to get stressed out over how to achieve success. And this is just the beginning because he’s currently working on Corsa Auto Rental Miami, Corsa Models, Corsa Water Sports, and Corsa Media. Another successful business he’s investing time and energy into is his Exotic Car Rental Academy, where he teaches people how to succeed in the industry. Students from all over the world take his course, and he’s been able to grow Corsa Auto Rental with his top students’ help. Together, they’re offering customers the best service in the industry.

“I treat my customers like family,” says Duran. “Eight out of 10 times my customers become my friends, and we hang out either the same day they rent or sometime in the future. My customers come to me for all their needs in and out of the automotive industry.”

Business

Black Banx Group — Third Quarter 2025 Results

Published

4 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.