Business
Spicy Organic LLC: Modern Day Spice Merchants
When sprinkling red pepper on a pizza or indulging in a cinnamon roll, most people probably don’t give a second thought to the spices on their food and where they originated. Often taken for granted in modern times, spices were extremely difficult to obtain at one time, and the measures taken to secure them played a profound role in shaping human history. Some spices were once more valuable than gold and gems. Pepper was even used to pay Roman soldiers or rent in ancient times. Although spices are extremely affordable and accessible today, the undertakings that made this possible shaped economies and cultures, even leading to the discovery of new continents.
In Ancient times, Arabian spice merchants would tell stories of the mythical origins of the cinnamon and cassia they sold to maintain an aura of mystery surrounding the origins of their products and keep their foothold on the market. They dominated the market for 5000 years until the Middle Ages. In modern times, however, the spice trade looks different. One family whose story began in India and has crossed the globe, are extremely transparent about the origins of their products, making it a point for them to be traced back to the source.
What began as a small spice shop opened by Sunil Kumar and his family in 1980 in the Village of Lisora in Uttar Pradesh, India has since become a transnational company and the largest supplier of wholesale and bulk organic spices in North America. Just like the explorers and spice merchants of the times gone by, the Kumars help distribute spices across land and water, always maintaining their mission to provide organic and sustainable products. They have relationships with over 10,000 organic farmers and growers, and their legacy spans over 40 years.
How the Spice Trade Shaped History
Spices were the first globally traded product. Archaeologists believe humans have been using spices to season their food since 50,000 B.C. Cinnamon, cardamom, ginger, turmeric and cassia were some of the first to be traded across different lands. Records show cinnamon and cassia arrived to the Middle East more than 4000 years ago. Ancient Arab traders would tell stories of cassia growing in shallow lakes and guarded by winged animals.
Ceylon (modern-day Sri Lanka) and the Spice Islands (modern-day Indonesian Moluccas) served as important trading points at one time. Later on, Alexandria, Egypt became the world’s largest center of trade when it fell under Roman rule. Indian spices traded in Alexandria reached other territories of the Greek and Roman empires. For 300 years after Ptolemy XI gave Alexandria to the Romans in 80 BCE, trade between India and the Romans flourished.
In the 10th century, the trade rivalry between Venice and Genoa led to the Naval War of Chioggia in 1378. Venice emerged as the victor, which allowed them to dominate trade in the Levant for the next 100 years.
Age of Exploration
As shipbuilding technology evolved, the British, Spanish, and Portuguese sailed in search of the fabled spice lands, with the goal of finding alternative trade routes and eliminating the middleman. Christopher Columbus, sailing for King Ferdinand II and Queen Isabella of Spain, famously failed to reach the Spice Islands but discovered the Americas instead. Portuguese explorers successfully found a route to Asia and reached India in 1498. For the next century, they dominated the market.
Fleets from Holland set sail for the Spice Islands in the late 1500s, which led to the establishment of the Dutch East India company in 1602. Other European countries soon followed and established their own East India Companies. Although Portugal dominated the spice trade at one point, it was surpassed by the British and Dutch. The pursuit of spices fueled globalization, technology, and established empires. There was a dark side to their success, however. During this period, European countries established their colonial presence in Asia and other parts of the world at the expense of indigenous peoples, leaving a legacy marked by violence and oppression.
Evolution of Tastes in the Western World
Some may wonder why spices were in such high demand in Europe. Modern European cuisine is not known for incorporating many different spices. Other cuisines, such as Chinese or Indian, are known to be more layered and complex, with contrasting flavors, whereas western European dishes combine similar flavors. One example is the use of cinnamon; its sweet aroma is typically used to enhance sweet dishes in the west, whereas in India and the Middle East it is common to use in savory dishes. Western food is known for being less seasoned than other cuisines. However, this was not always the case.
At one time, Europeans incorporated more spices in their dishes. A beef pie recipe from 15th-century Germany, for example, includes meat, butter, salt, pepper, cinnamon, and cloves.
A 16th-century English recipe for custard- a savory quiche with meat, includes veal, red wine, parsley, sage, hyssop, savory, pepper, cinnamon, cloves, mace, saffron, salt, dates, prunes, and ginger.
So what changed? How did European access to spices change their palate? While affording spices was a status symbol at one time, as spices became increasingly common, it became more elegant to do the opposite of what the masses were doing. So instead of masking food in spices, it became popular for the upper classes to bring out the natural flavors of foods by using minimal seasonings. This is why European food tends to uses fewer spices, preferring herbs, salt, and pepper instead to enhance the natural flavors. However, in the last few decades, the popularity of spices have made a revival as a result of globalization and immigration. One prime example is chicken tikka masala, which is considered to be the national dish of England and a symbol of its multiculturalism.
The Kumar Family’s 40-year legacy
As the largest wholesale and bulk distributor of organic spices and herbs in North America, the Kumar family delivers the tastes of India to North America. They allow Indians abroad to enjoy the tastes of home and non-Indians alike to discover the flavors of India without compromising on quality or price. They help people across the globe continue their family culinary traditions by bringing organic, high-quality spices, making them affordable and accessible.
Since 1980, Sunil Kumar and his family continue their spice trade across land and sea and show us what the modern-day spice trade looks like. So although we may take the accessibility of spices brought to us by companies like Spicy Organic for granted, they helped shape much of history, making huge impacts on economies, cultures, and history. Wars were fought, empires gained and lost power, technology improved, and society became more interconnected.
Business
Black Banx Group — Third Quarter 2025 Results
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.
-
Tech5 years agoEffuel Reviews (2021) – Effuel ECO OBD2 Saves Fuel, and Reduce Gas Cost? Effuel Customer Reviews
-
Tech6 years agoBosch Power Tools India Launches ‘Cordless Matlab Bosch’ Campaign to Demonstrate the Power of Cordless
-
Lifestyle6 years agoCatholic Cases App brings Church’s Moral Teachings to Androids and iPhones
-
Lifestyle5 years agoEast Side Hype x Billionaire Boys Club. Hottest New Streetwear Releases in Utah.
-
Tech7 years agoCloud Buyers & Investors to Profit in the Future
-
Lifestyle5 years agoThe Midas of Cosmetic Dermatology: Dr. Simon Ourian
-
Health7 years agoCBDistillery Review: Is it a scam?
-
Entertainment6 years agoAvengers Endgame now Available on 123Movies for Download & Streaming for Free
