Business

Innovative Australian entrepreneur continues to disrupt the automotive industry

Published

5 years ago

October 9, 2020

Simon is the founder of a leading provider of innovative car products and accessories. Simon has been able to build a name around selling four-wheel drive products. He literally took the challenges he faced all through his life, found a solution to tackle the problem, and made it available to millions of people having a similar experience.

“So all my whole life, I have been tripping over by accident and falling into new things. In 2009, we put out our first product, designing for a 4-wheel drive on eBay and nobody else was doing it and it just took off like *3’47*. We were invited to four-wheel drive forums and tons of people heard about my product and they wanted to buy the product. So, yeah, it just built from there and the reputation,” Simon said.

The automotive industry has continued to grow over the years, with the market putting out tremendous figures in recent times. According to a report published by I. Wagner on Statista, the auto industry’s most important segments are commercial vehicles and passenger cars. While there are several solutions offered by different manufacturers and brands across the globe, many of such products do not meet the needs of consumers. This is where Simon and his team have been of immense help over the years with their range of ground-breaking products.

Simon has seemingly disrupted the automotive industry, thanks to the fantastic solutions offered by his company. The passionate entrepreneur stole the heart of different stakeholders in the industry over a decade ago doing 4-wheel drive shows, where customers and members of the public stroll in to see the solutions on display.

“At the very first show, my friend and I hired the tiniest booth you could get for $2000 and we sat there for 2 products. Now, our products are different for every single vehicle out there, so we just took the two that we made. We sat there all weekend and wrote down the car type and email address of those who wanted products like ours. I spoke to 24,000 people that weekend and rang back every single person over the next 2 months asking what product of ours they wanted to be built for their car. To do that I used my spare time from my day-to-day job packing shells for a souvenir company,” said Simon.

Simon has continued to grow his brand over the years thanks to exceptional service delivery.

Business

Black Banx Group — Third Quarter 2025 Results

Published

3 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.