Business
How Leor Massachi Conquered The Startup World And Became The Co-Founder Of His Company Dandy By Age 20
																								
												
												
											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.
Business
Black Banx Group — Third Quarter 2025 Results
														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.
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