Business

Young Entrepreneur Andrew Hristo On Harnessing the Power of the Internet

Published

5 years ago

September 26, 2020

When asked what he wants to be known for and what he’d like his legacy to be, Andrew Hristo passionately conveys the message of financial freedom and the opportunity we all have to live on our own terms. According to Andrew, these possibilities are within reach for everyone, and it’s all thanks to the internet.

When the internet hit its first screens all the way back in October 1969, we had no idea that the one, simple message of “L. O”–sent 350 miles to a Stanford research institute in California, and which led to a system crash–would change the way we live and do business. Recent years have seen an explosion of online businesses dominating the earning sphere.

Online businesses are far more accessible to people who don’t have the funds to put up major capital. While there’s a greater chance of success for everyone, it still takes incredibly hard work and courage to get started. The first few months–maybe even the first few years–might be slow going and one will have to play around to learn what works and what doesn’t. So what’s the motivation behind striking out on one’s own? Why not stay where they are, safe in their bubble that’s held up by someone else?

For Andrew, it’s all about doing something he enjoys, and not living a life where he has to count the days to his next paycheck. One can find something they love doing, and then create a business around that. If one wanted to do this 20 years ago, they would have to come from a wealthy family, have a magnificent stroke of luck, or put in decades of work before seeing a significant profit. With the internet, aspiring entrepreneurs have the chance to launch their companies from their homes with little overhead costs and minimal risk.

Andrew knows firsthand about the power of the internet. He’s fulfilled his goal of being able to generate multiple six figures a year from his laptop, which he cites as one of his biggest successes. Andrew didn’t come from money and he didn’t live in a major city. He’s also just 25 years old. Hailing from a small town in South Australia, Andrew initially dipped his toes into the world of e-commerce when he was only 13 years old. Having access to the internet allowed him to sell products across the country, rather than being limited to the people in his town.

To keep up with Andrew, you can follow him on Instagram at @andrewhristo.

Business

Black Banx Group — Third Quarter 2025 Results

Published

13 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.