Business

Small Business People are Eagerly Seeking Bad Credit Loans from Online Financial Services

Published

5 years ago

May 5, 2021

The business world is seeing a hike in the number of entrepreneurial activities across the globe. Especially, people are coming up with small businesses by seeking credit from online financial services. The demand for bad credit loans has now become all the more prevalent.

Owing to the introduction of many online financial services, it is now quite possible for people to borrow credit with ease. Moreover, they can easily avail of guaranteed loan approvals for meeting their financial needs.

Due to the current global economic crisis, small businesses are facing a tough time. It has also become very challenging for them to get funding from traditional financial sources. In a bid to get immediate loans, they are now consulting online financial services on this subject.

There are many benefits associated with online loan services. These financial services assure bad credit loans guaranteed approval for small businesses. Moreover, small businesses can easily apply for these loans without any complications.

Especially, youngsters who don’t manage to maintain their credit score out of ignorance can easily get loans from online financial services. It is helping them embark on their entrepreneurial journey with ease.

Hence, they can easily meet their emergency financial needs without any worry. Moreover, such online financial services charge fair interest rates that make it easy for any borrower to arrange funds for their projects.

Fair processing fees, easy approval, and simple online application are some of the major benefits associated with applying for loans through online financial services. Due to this, small businesses are finding it quite easy to get funding to execute their business projects in a competitive landscape.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days 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.