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Meet Daniel Newman, CEO Of Dandy: The Tech Startup Spearheading The “Live” Movement In Social Networking

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Just three short years ago, Newman began his journey as a full-time CEO of his very own tech startup named Dandy. He created the company with his partner and co-founder, Leor Massachi, while the two were seniors in college. We’ve got the full scoop on how Newman went from a Real Estate Development student to a full-time entrepreneur, all before earning his undergraduate degree.

Newman was born and raised in Beverley Hills, CA. Although he’s mainly American, he takes pride in inheriting a Persian background from both his mother and father. Early on in his younger years, he became interested in the various aspects of business and how they were created. He also enjoyed learning about the Israeli economy and the country’s positive outlook on young people developing their own startup companies.

When Newman got to high school, he became heavily involved in extracurricular activities and always did well in class. Not only was he named Senior Class President, but he was also involved in several sports and school clubs. As if that weren’t enough on his plate at 17, he also had the opportunity to get a taste of what it was like to build a business when he founded his own tutoring company during his junior year. He saw an opportunity arise when the younger kids in grades K-8 were complaining about their tutors being too old and not up-to-date with the material. Brilliantly, Newman asked some of his friends if they wanted to earn some money tutoring the students, and the rest was history. The company took off instantaneously, and Newman kept it running until he graduated in 2015.

Once he reached college, the grind continued. Newman decided to pursue a degree in Real Estate Development at the University of Southern California. Although he was indeed partially interested in the real estate portion of the program, he was far more captivated by the school’s innovative take on technology and its multifaceted ability to influence new businesses. At that point, he began to understand the building blocks of a tech startup, and he fell in love. Along the way, he met several friends, mentors, and executives that taught him the dos and don’ts about the complicated world of Silicon Valley. But regardless of the dire risks he was advised of, he knew his ultimate goal would be to someday establish a startup company of his own.

In the meantime, Newman founded his second small business with his then-roommate and best friend, Leor Massachi. The two college students created a design agency that helped businesses market toward the Gen Z demographic via custom-made interactive Geofilters on Snapchat. At the time, the social networking app had just begun allowing users to publicly submit Geofilters for a fee, but it had not provided any tools or instructions on how to create them. Due to the high design skillset and intricate strategy required for the process, Newman and Massachi saw it as a business opportunity and proceeded to create a company named Geocasion. Although the business only lasted a few months, the experience proved essential for what followed for these two college students. In addition to founding Geocasion, Newman also founded USC’s TAMID Tank event during his sophomore year, which is the school’s equivalent to the popular television show, Shark Tank. The competition was created to provide students with a real-life experience of pitching their startup concepts to big-name investors and venture capitalists. Their first event filled an auditorium of 500, and since then, TAMID Tank has held the event annually. The organization also named Newman their Vice President of Operations.

But things changed in 2018 when Newman’s roommate suggested the idea of creating a dating app for millennials and gen Z’s unlike the existing ones on the market. After sitting and brainstorming for hours in their dorm, they came up with a concept that was far too tangible to pass up. They wanted to create a version of a dating app that would mimic two people meeting in person for the first time. Users would log onto the app once it went “live”, and they would have an allotted time to attempt to find their match and start a conversation. Once two users established they were interested, they’d be transferred into a three-minute video call where they could formally introduce themselves and decide whether or not to move forward with communication off the application. They called the app Dandy and instantly began searching for the perfect engineers to develop the product. 3 months later, the app launched its beta testing.

Dandy blew up all over USC, and eventually, all over Los Angeles. People were excited to try this new version of virtual dating and claimed that it was a “magical” app since it cut around the BS and got straight to the point of building new relationships. At this point, Newman and his Massachi began to pitch Dandy to investors in hopes to raise funds for the app’s future development. After hearing 117 no’s, they received their first yes, as well as their first check from an investor. Once the first came, many others followed, and soon enough Dandy has fundraised over $3.3 million in a matter of months from investors involved in companies such as Uber, Airbnb, Snapchat, and Facebook. Newman took over all finance and logistic aspects of the company while Massachi handled the marketing strategy and creative.

Things were running smoothly until word of a pandemic began to consume the news in February 2020. The two business owners called an emergency meeting and decided it was the perfect time to rebrand Dandy into something more applicable to the possible consequences of a national pandemic. In just a few hours, they came up with the idea for Zoom University– a virtual dating app with the same “live” concept of Dandy, but with two-on-two video calls resembling that of a double date. Since some users had commented that Dandy could become stressful and awkward during the short video calls, the founders hoped that having a user bring a friend would help turn the tension into fun. The next day after the meeting, the team had a web MVP of Zoom University uploaded and a rough draft of the app immediately went live. In honor of their first creation, they decided to keep the name of their now product-based startup company as Dandy.

Since then, Zoom University has gained traction all over the internet; including Tiktok, which had a video about the app hit impressions of over 2.5 million views. Users were scrambling to get their hands on this new dating app. In just a matter of weeks, a waitlist of thousands of users began to accumulate while the Dandy teamed continued to finalize the details behind the app that was only originally meant to stay live for a week. Positive feedback came pouring in from users, and eventually, the application broke records as it made it through the Top 10 Best Social Networking Apps on the Apple Store, coming in at #9.

Four businesses and two successful startups later, 23-year-old Newman says his success has come from knowing how to take high-level concepts and applying them to a realistic, practical lens. Although his achievements have skyrocketed over the years, he shares that the work has only just begun. He and his partner are currently working with investors on their next top-secret product that is reckoned to top all their prior inventions and take the market by storm once again. Details cannot yet be disclosed, but we wait eagerly to see how a few college seniors will continue to dominate the startup world with their commitment and dedication to changing the world through the use of advanced technology.

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

High Volume, High Value: The Business Logic Behind Black Banx’s Growth

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In fintech, success no longer hinges on legacy prestige or brick-and-mortar branches—it’s about speed, scale, and precision. Black Banx, under the leadership of founder and CEO Michael Gastauer, has exemplified this model, turning its high-volume approach into high-value results. 

The company’s Q1 2025 performance tells the story: $1.6 billion in pre-tax profit, $4.3 billion in revenue, and 9 million new customers added, bringing its total customer base to 78 million across 180+ countries.

But behind the numbers lies a carefully calibrated business model built for exponential growth. Here’s how Black Banx’s strategy of scale is redefining what profitable banking looks like in the digital age.

Scaling at Speed: Why Volume Matters

Unlike traditional banks, which often focus on deepening relationships with a limited set of customers, Black Banx thrives on breadth and transactional frequency. Its digital infrastructure supports onboarding millions of users instantly, with zero physical presence required. Customers can open accounts within minutes and transact across 28 fiat currencies and 2 cryptocurrencies (Bitcoin and Ethereum) from anywhere in the world.

Each customer interaction—whether it’s a cross-border transfer, crypto exchange, or FX transaction—feeds directly into Black Banx’s revenue engine. At scale, these micro-interactions yield macro results.

Real-Time, Global Payments at the Core

One of Black Banx’s most powerful value propositions is real-time cross-border payments. By enabling instant fund transfers across currencies and countries, the platform removes the frictions associated with SWIFT-based systems and legacy banking networks.

This service, used by individuals and businesses alike, generates:

  • Volume-based revenue from transaction fees
  • Exchange spreads on currency conversion
  • Premium service income from business clients managing international payroll or vendor payments

With operations in underserved regions like Africa, South Asia, and Latin America, Black Banx is not only increasing volume—it’s tapping into fast-growing financial ecosystems overlooked by legacy banks.

The Flywheel Effect of Crypto Integration

Crypto capabilities have added another dimension to the company’s high-volume model. As of Q1 2025, 20% of all Black Banx transactions involved cryptocurrency, including:

  • Crypto-to-fiat and fiat-to-crypto exchanges
  • Crypto deposits and withdrawals
  • Payments using Bitcoin or Ethereum

The crypto integration attracts both retail users and blockchain-native businesses, enabling them to:

  • Access traditional banking rails
  • Convert assets seamlessly
  • Operate with lower transaction fees than those found in standard financial systems

By being one of the few regulated platforms offering full banking and crypto support, Black Banx is monetizing the convergence of two financial worlds.

Optimized for Operational Efficiency

High volume is only profitable when costs are contained—and Black Banx has engineered its operations to be lean from day one. With a cost-to-income ratio of just 63% in Q1 2025, it operates significantly more efficiently than most global banks.

Key enablers of this cost efficiency include:

  • AI-driven compliance and customer support
  • Cloud-native architecture
  • Automated onboarding and KYC processes
  • Digital-only servicing without expensive physical infrastructure

The outcome is a platform that not only scales, but does so without sacrificing margin—each new customer contributes to profit rather than diluting it.

Business Clients: The Value Multiplier

While Black Banx’s massive customer base is largely consumer-driven, its business clients are high-value accelerators. From SMEs and startups to crypto firms and global freelancers, businesses use Black Banx for:

  • International transactions
  • Multi-currency payroll
  • Crypto-fiat settlements
  • Supplier payments and invoicing

These clients tend to:

  • Transact more frequently
  • Use a broader range of services
  • Generate significantly higher revenue per user

Moreover, Black Banx’s API integrations and tailored enterprise solutions lock in these clients for the long term, reinforcing predictable and scalable growth.

Monetizing the Ecosystem, Not Just the Account

The genius of Black Banx’s model is that it monetizes not just accounts, but entire customer journeys. A user might:

  • Onboard in minutes
  • Deposit funds from a crypto wallet
  • Exchange currencies
  • Pay an overseas vendor
  • Withdraw to a local bank account

Each of these actions touches a different monetization lever—FX spread, transaction fee, crypto conversion, or premium service charge. With 78 million customers doing variations of this at global scale, the cumulative financial impact becomes immense.

Strategic Expansion, Not Blind Growth

Unlike many fintechs that chase customer acquisition without a clear monetization path, Black Banx aligns its growth with strategic market opportunities. Its expansion into underbanked and high-demand markets ensures that:

  • Customer acquisition costs stay low
  • Services meet genuine needs (e.g., cross-border income, crypto access)
  • Revenue per user grows over time

It’s not just about acquiring more customers—it’s about acquiring the right customers, in the right markets, with the right needs.

The Future Belongs to Scalable Banking

Black Banx’s ability to transform high-volume engagement into high-value profitability is more than just a fintech success—it’s a signal of what the future of banking looks like. In a world where agility, efficiency, and inclusion define competitive advantage, Black Banx has created a blueprint for digital banking dominance.

With $1.6 billion in quarterly profit, nearly 80 million users, and services that span the globe and the blockchain, the company is no longer just scaling—it’s compounding. Each new user, each transaction, and each feature builds upon the last.

This is not the story of a bank growing.

This is the story of a bank accelerating.

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