Business

Raring to be one of the most sought-after business personalities of the US in the cannabis industry is Eddie Daniel Mora

Published

5 years ago

August 26, 2020

His persistence and strong will made him rise above the many challenges he faced along the way and emerged as an inspiring entrepreneur.

If we notice around us very carefully, one thing that has increasingly caught everyone’s attention is the growing presence of youngsters who are setting foot into various industries in the world of business. The onset of this trend has proven to be of great value for many businesses as newer ideas and concepts have risen and a new wave of innovativeness surrounds these companies. The cannabis industry is amongst those businesses, especially in the US that has seen a continuous surge in its growth from the past few years, paving the way for many youngsters to enter the same and show their magic as innovators and entrepreneurs. Eddie Daniel Mora from Mexico is amongst those young gems who have helped take the cannabis industry touch the skies.

Mora came from humble family backgrounds and belonged to a Mexican immigrant family. His childhood was filled many struggles but his quest to do something bigger and better in life started from all these experiences of his, which motivated him to become an entrepreneur who could change his family’s position in society for the better. He always felt an inclination towards the world of cannabis also because of the ever-growing demand of the same since the beginning in America. This upped his confidence to enter the industry and offer something distinctive with his cannabis business.

Some of the few countries in the world that has the maximum number of cultivators and creators of cannabis is America. It has given birth to the most incredible cannabis companies that have made people crave for more and have also made them understand how medicinal or recreational the industry can get, giving people a different high and happiness. However, like any other industry working, cannabis industry also has a few cons, making the process of getting the license for entrepreneurs challenging because of the highly competitive industry.

Less has been spoken about these struggles of a new entrepreneur, but people who are determined enough to reach their goals choosing one way or the other, ultimately do taste success. Mora faced the same struggles with attaining a license for his cannabis business, but his passion into the entrepreneurial world and his unwavering attitude to stay committed to his goals, made him gain the license after struggling in the industry for six long years.

Having no rich family backgrounds, no backups, no inheritance, and still going on to become a businessman in the saturated industry of cannabis in the US is something only a few can achieve. Mora oozes high levels of tenacity and adaptability that has helped him sustain the same without losing hope and coming up with a unique cannabis brand that can satiate all across the US.

This young Mexican entrepreneur is leaving no stone unturned to excel as a cannabis entrepreneur and in ways more than one; he is also motivating many others to take the first step towards making their dreams a reality.

Business

Black Banx Group — Third Quarter 2025 Results

Published

6 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.