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How Leor Massachi Conquered The Startup World And Became The Co-Founder Of His Company Dandy By Age 20

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We’d like to introduce you to Leor Massachi: a 23-year-old carrying the titles of co-founder, Chief Product Officer, and Chief Marketing Officer for a tech startup named Dandy. Massachi had been interested in business since he was in middle school, so it only made sense that he decided to pursue a business-related program at the University of Southern California after graduating high school.

Although his major was in real estate development, Massachi’s true passion always lied in learning about the realm of technology and how multifaceted it could become when starting a business. He became obsessed with the idea of entrepreneurship to the point where he began interviewing successful executives on a television segment he came up with for his school’s newscast called “Word Hard, Play Hard”. Massachi would also constantly find himself dreaming big and taking notes of “cool ideas” for potential business endeavors on his phone so he wouldn’t forget them down the line. Then, once he got to USC, he was able to learn directly from the experts about the dos and don’ts of launching a tech startup. Along the way, Massachi networked with a number of successful entrepreneurs that gave him some of the advice he still applies to his business today.

In 2018, Massachi and his partner, Daniel Newman, came up with a concept for a dating application while chatting in their dorm room at 1 AM. The app was brainstormed to be completely different than your average Tinder or Bumble; the college seniors noted that they didn’t want users wasting time while they waited for the other person to reply. Instead, the app would work instantaneously for all users. At 8 pm every night, the app would go “live” for 10 minutes and users would make the attempt to log on and find a match. Once two users “liked” each other, they would be automatically transferred into a three-minute message-based chat where they could get to know each other in real-time. If they both decided to move forward when the call was over, the application would provide each user with their match’s phone number.

The concept was unlike anything the market had ever seen, and the two seniors knew they were onto something big. But with great originality also came significant challenges. The two entrepreneurs hired top-tier engineers to work on the product due to its complicated synchronous nature. If too many users logged on at the same time and overwhelmed the server, the entire application could crash. Therefore, it took numerous rounds of trial and error to have the servers reach an optimized stage that could handle the load of thousands of users.

And despite the innovative concept of the product, however, Massachi knew the idea and design of the app alone would not be enough to get the users to participate in the launch. He began to brainstorm ways of marketing the product while remaining under the extremely limited budget he and Newman were paying out-of-pocket. They had to be resourceful and minimalistic with their spending while still making enough of a statement to gather brand recognition. An entire discussion of ideas later, they decided to buy hundreds of yard flamingoes that resembled the outline of the app’s logo and disperse them amongst the USC campus overnight with flyers that read “you’ve been flocked!”. People responded extraordinarily well to the marketing tactic, and just like that, Dandy gained over a thousand users overnight.

Eventually, Massachi was designated as the company’s CPO and CMO while Newman took care of logistics as the company’s CEO. “When things started becoming a bit more stable and the app began taking off, we decided to divide the workload based on what we were best at,” Massachi said. “I focused on the development of high-level product concepts and marketing strategies for Dandy because my natural way of thinking was: ‘how can I penetrate the market in a different and effective way that will still prioritize remaining as resourceful and low-cost as possible,’” he added. “Since I tend to lean more toward working creatively than logistically, it just made sense this way.”

In February 2020, the Dandy app went through some major rebranding after news of a possible pandemic began to consume the media. The company founders gathered in an emergency meeting to discuss the possible consequences of what a nationwide lockdown could mean for students who were still in the prime years of their college experience. They understood that the consequences could force students to leave campus and have classes resume virtually, along with the hopes of establishing new relationships going right out the window. But Massachi and Newman came up with a plan to fix that. They introduced the idea for Zoom University: a live two-on-two video chat application that would be aimed towards recreating the way millennials and Gen Zs formed new connections and relationships online. Since each user went live with a friend, the sense of comfort and trust allowed the product to run far more smoothly than the nerve-racking one-on-one video chats from Dandy’s early stages.

Massachi’s marketing tactics for Zoom University were more digitally-focused than those for their previous product. This time around, the CMO utilized a cutting-edge social strategy that involved having hundreds of TikTok creators tell their audiences about ZoomU in their own organic way. “We wanted the content to be as authentic as possible, so we let the creators do it however they felt was most relatable to their community. It was a win for them because they were able to use their own creativity and brand personality to talk about the product, but it was also a win for us because people received it as a genuine endorsement rather than as some random ad,” Massachi explained. As it turned out, the CMO’s approach was immensely effective. One of the influencers’ videos uploaded to Tiktok ended up going viral overnight, and in a matter of 48 hours, the video was viewed over 2.5 million times. Zoom University ended up adding hundreds of thousands of users to their waitlist as a result of that one video.

A couple of months after its launch, Zoom University surpassed a user mark of 100,000 and it even gained a spot in the Top 10 Social Networking Apps on the App Store. That alone was a dream come true for Massachi and Newman. But the work didn’t stop there. Since August of 2020, the two co-founders have been in the process of developing yet another new project alongside some big investors. Details cannot be discussed quite yet, but they have shared that they will be implementing all learnings and feedback from their prior products into perfecting this new endeavor.

Bearing in mind their monumental milestones, you’re probably wondering how these fairly young business owners have time for anything else besides attending to their ever-evolving business. But they actually happen to heavily prioritize the balance between work and social life. “I’m very mindful. I try to live every day like it’s the weekend,” Massachi said. “Occasionally, I’ll go biking, I’ll eat good food, I’ll meditate, or I’ll hang out with friends. Taking a break helps me reset so that I can continue coming up with fresh, new ideas once I’m back to work. I’ve gained a lot of knowledge along the way on how to manage this heavy lifestyle, but I’m also still learning as I go. That pretty much goes for everything when you’re involved in a startup.” Massachi adds that he is eager to wake up every morning and think of new product ideas to improve people’s everyday lives; products that will not only provide high efficiency, but will also be meaningful enough to bring joy to its users.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Inside the $4.3B Quarter: What’s Fueling Black Banx’s Record Revenues

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Every quarter brings fresh headlines in fintech, but few make the kind of impact achieved by Black Banx in Q2 2025. The Toronto-based global digital banking group, founded by Michael Gastauer, reported an extraordinary USD 4.3 billion in revenue and a record USD 1.6 billion in pre-tax profit, while improving its cost-to-income ratio to 63%.

These results not only highlight the company’s operational efficiency but also mark a pivotal moment in its journey from challenger to global leader. The big question is: what’s fueling such impressive financial performance?

Customer Growth as the Core Driver

One of the clearest engines of revenue growth is Black Banx’s expanding customer base. By Q2 2025, the platform had reached 84 million clients worldwide, up from 69 million at the end of 2024. This 15 million net gain in six months demonstrates both the attractiveness of its services and the scalability of its model.

Unlike traditional banks, which rely heavily on branch expansion, Black Banx leverages digital-first onboarding that allows customers to open accounts within minutes using just a smartphone. This approach is especially effective in regions underserved by legacy institutions, where access to affordable financial tools is in high demand.

More customers don’t just mean higher transaction volumes—they generate a compounding effect where network size, brand trust, and service adoption reinforce one another.

Real-Time Payments and Cross-Border Solutions

A major contributor to Q2 revenues is the platform’s real-time payments infrastructure. Black Banx enables instant cross-border transfers across its 28 supported fiat currencies and multiple cryptocurrencies, helping both individuals and businesses bypass the traditional bottlenecks of international banking.

For freelancers, SMEs, and multinational clients, this means faster liquidity, reduced foreign exchange costs, and simplified global operations. The demand for real-time financial services is growing rapidly—Juniper Research projects global real-time payments turnover to hit USD 58 trillion by 2028—and Black Banx is strategically positioned to capture a significant share of this market.

Crypto Integration as a Revenue Stream

Another key revenue driver is crypto integration. While many traditional institutions remain hesitant, Black Banx embraced digital assets early and has built infrastructure to support Bitcoin, Ethereum, and the Lightning Network. In Q2 2025, 20% of all transactions on the platform were crypto-based, reflecting strong customer appetite for hybrid banking services that bridge fiat and digital assets.

Revenue comes not only from transaction fees but also from value-added services like crypto-to-fiat conversion, staking yields (4–12% APY), and blockchain-enabled payments. For customers in markets with unstable currencies, these services act as a financial lifeline, further expanding the platform’s relevance.

AI-Powered Efficiency and Risk Management

Record revenues would be less impressive if costs ballooned at the same rate. But Black Banx has proven adept at balancing growth with efficiency. Its cost-to-income ratio improved to 63% in Q2, down from 69% a year earlier, thanks to heavy reliance on AI-powered automation.

AI now drives fraud detection, compliance, and customer onboarding—areas where traditional banks often struggle with cost inefficiencies. By automating these processes, Black Banx can process millions of transactions securely while maintaining profitability at scale. This level of efficiency is rare in fintech, where high growth often comes at the expense of margins.

Regional Expansion and Untapped Markets

Geography also plays a role in fueling revenues. Much of the Q2 growth came from Africa, South Asia, and Latin America—regions where demand for mobile-first banking continues to soar. In 2024 alone, Black Banx reported a 32% increase in SME clients from the Middle East and Africa, signaling the strength of its positioning in underserved markets.

By extending services to populations previously excluded from formal banking—migrant workers, rural communities, and small businesses—Black Banx taps into vast pools of latent demand. The strategy proves that financial inclusion and profitability are not mutually exclusive but mutually reinforcing.

Diversified Revenue Streams

Another factor behind Q2’s record revenues is Black Banx’s diversified business model. Income is not tied to a single service but spread across multiple streams, including:

  • Transaction fees from cross-border transfers and payments.
  • Crypto trading and exchange services.
  • Premium account features for high-net-worth clients.
  • Corporate services for SMEs and international businesses.

This diversification insulates the company against volatility in any single segment, creating stable revenue growth even in shifting market conditions.

Michael Gastauer’s Strategic Blueprint

Behind these results is Michael Gastauer’s long-term strategy: scale aggressively but with efficiency, innovation, and inclusion at the core. His vision has always been to create a borderless financial ecosystem, and Q2 2025’s performance is evidence that this vision is not only achievable but sustainable.

By balancing mass-market accessibility with premium features, and by blending fiat with digital assets, Gastauer has positioned Black Banx as a category-defining player in global finance.

The Road Ahead: Toward 100 Million Clients

Looking forward, the company’s goal of reaching 100 million customers by the end of 2025 will likely be the next catalyst for revenue growth. More customers mean more transactions, more data insights, and more opportunities to refine and expand its service offering.

If current momentum holds, the USD 4.3 billion quarterly revenue milestone could be just the beginning of an even larger growth story. The challenge will be ensuring systems scale securely while maintaining trust in an environment where privacy and compliance are paramount.

A Record That Signals More to Come

Black Banx’s Q2 2025 performance—USD 4.3 billion in revenue, USD 1.6 billion in pre-tax profit, 84 million clients worldwide, and a lean 63% cost-to-income ratio—is more than a financial milestone. It is a signal of how the future of banking is being rewritten by platforms that are borderless, crypto-inclusive, and data-driven.

What fueled this record-breaking quarter is not one innovation but a combination of strategies—scalable onboarding, real-time payments, crypto integration, AI efficiency, and expansion into underserved regions. Together, they form a model that doesn’t just challenge traditional banking but actively builds the foundation for global dominance.

For Black Banx, the road ahead is clear: the $4.3 billion quarter is not an endpoint but a launchpad for even greater scale and profitability.

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