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Reza Abbaszadeh: The Ultimate Opportunist making Millions as an Entrepreneur under 25

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The 20s is an age of hustling. It is the defining decade of your life. There are two types of people at the age 20, one – who are celebrating life, king-sized, with relentless charades of partying & hanging out with their friends, hoping to achieve the best in the coming years and two – who work their socks off to achieve the best and then celebrate life, king-sized.

Mr. Reza Abbaszadeh is of the second type, the founder and CEO of DigitalTreasuryInc. Reza is an Iranian-German Entrepreneur, self-made millionaire, philanthropist and skilled business strategist who changed his life towards the peak of hustling age, 20. Born (1998) in Tabriz – Iran, Reza showed his inclination to do business right from his childhood. He worked with a friend to provide authenticated IELTS (International English Language Test System) degrees from neighbouring countries as Iranian degrees were considered to be non-eligible for using it overseas. Because of this Reza Abbaszadeh & his friend, still in high school, made a whopping $200000 in just 5 months. In 2016, Abbaszadeh emigrated to Hungary to escape compulsory 2 years of military service in Iran; he made it to study medicine at the Vienna University of Austria. Abbaszadeh was passionate about financial success and good business, so for the sake of his real interest and hunger to succeed in business, he dropped out of the college.

Abbaszadeh moved to Berlin where he started selling used luxury brand clothes. It was a huge success, the quantum of which showed on how he built a team of workers who were ready to spread the business throughout Europe. Because of his convincing skills, he was promoted as a supervisor for a top luxury clothing brand, which helped him in building contacts, relations and hone his communication skills. He wasn’t done though and ventured into gambling, became a professional poker player. With hard work, determination and practice, he made money so that he could take steps into businesses with solid financial support and great capital management.

Abbaszadeh ingrained the psychology of peak performance, negotiations, leadership, organizational turnaround and making full use of an opportunity. He was the orchestrator in establishing an Investment Banking platform named DigitalTreasuryInc. This platform has been involved in over $6 Million in real estate transactions, covering approximately 407 units of multi-family properties across Europe with an investment of multi-million dollars in other lucrative fields.

Mr Reza Abbaszadeh, in 2019, reached the $10 million mark and hence won the “Youngest Iranian Businessman”. One of the great qualities of Abbaszadeh is to gauge the market and know what is missing at the moment. In order to create a method for “SUCCESS “, he made an excerpt “Millionaires make you a Billionaire “because he believes “we are learning from Millionaires on how to make Billions”. The present day portfolio valuation of his company is $12 Million and is expected to be doubled by the end of 2020.

We learn from Mr Reza Abbaszadeh that one should make the most from what is available, to try and explore all the possibilities and grab the opportunities. Reza Abbaszadeh has set a benchmark on how to be a successful entrepreneur at an early age, providing guidance and inspiration to many young minds, and he believes, he’s only getting started.

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

Business Strategies of Michael Gastauer

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Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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