Business

Reeve Yew’s Early Struggles and His Road to Success

Published

5 years ago

August 26, 2020

How many times have you tried building sales funnels without getting the results you want? It can be frustrating when you keep on trying yet have nothing to show for it. Reeve Yew went through the exact same thing. It might not look like it, but there was a point when Reeve knew nothing about sales funnels. He was just another guy who wanted to make a full-time income online. Today, he’s running a sales funnel design and strategy company that works with clients all over the globe.

Humble Beginnings

Reeve Yew hails from Malaysia. He was fortunate for having the opportunity to study abroad, deciding to take up Business Management in King’s College London. During this time, Reeve already has a bit of experience in online marketing. As a 15-year-old, he had his first attempt at dropshipping, generating $2,500 a month by reselling products imported from China.

Despite his early success, however, Reeve found himself with little money for most of his years in university. He and his family struggled to pay for his education, and Reeve knew he had to find a solution before things turned from bad to worse. Reeve was so broke that he had to eat expired food for an entire year just to survive.

Stomach aches were a normal part of his life. But Reeve refused to give up. A believer of working smart to achieve one’s goals, Reeve continued learning as much as he could about digital marketing because he had always wanted to be a successful entrepreneur. He also studied web development in his spare time. His skills landed him an Apple sponsorship. He also created a smart AI GPS app at 21 years old, earning him a featured article on several newspapers.

Turning Things Around

Reeve always believed in his abilities, but he still struggled to find a way to support himself financially. Always an action-taker, Reeve went on to seek for clients whom he knew would benefit from his unique set of digital marketing and funnel building expertise.

It was at this point that he created 7 websites which made a total of $27,000 within 3 months. Finally, all his hard work paid off. Reeve knew he had started something special, and there was no turning back.

Building His Own Company

In 2018, Reeve co-founded Funnel Duo Media with his brother, Jackson Yew. It’s fascinating how Reeve was able to get to where he’s at today despite going through a lot of difficulties in his college years. If there was anything he learned, it was the importance of refusing to give up no matter what life throws at you.

His experience in building websites both for himself and his international clients allowed him to master the art of building effective sales funnels. Today, his company works with businesses and helps them create customized sales funnels based on their unique needs. Reeve’s uncanny ability to understand the needs of customers from different industries enables him to deliver conversion-focused results.

Reeve still looks back at his struggles in the past from time to time, remembering all the lessons he learned along the way. He has now fulfilled his lifelong dream, but he’s still as passionate and hungry as ever.

Business

How Black Banx Has Sped Digital Payments Into Its Global Phase

Published

1 day ago

March 13, 2025

Matthew Wiles

The payments industry has grown substantially in the last decade, with digital transactions now practically a given in most parts of the world. A key contributor to this globalization of payments has been Black Banx, a Toronto-based global digital bank founded by German billionaire Michael Gastauer.

Through innovative fintech solutions, a commitment to financial inclusion, and strategic investments in blockchain and artificial intelligence, the company continues to make transactions quicker and easier no matter where the sender or receiver is in the world.

The Cross-Border Payment Boom

Global transactions have never been more essential to the world economy. From businesses engaging in international trade to individuals sending remittances back home, the demand for fast and cost-effective cross-border payments has skyrocketed. In fact, FXCintelligence projects that the cross-border payments market will hit an astonishing US$290 trillion by 2030, driven by the rise of e-commerce and digital trade.

Historically, moving money across borders wasn’t simple. Traditional banking relied on a complex web of intermediaries, leading to slow processing times, high fees, and inefficiencies. But fintech has changed the game. Companies like Black Banx have introduced digital-first solutions that eliminate unnecessary middlemen, enabling instant, affordable transactions.

Black Banx’s Rapid Growth: A Testament to Demand

Black Banx has experienced explosive growth, reflecting the increasing demand for seamless global payments. By the end of 2024, the company’s customer base had expanded to 69 million users across 180+ countries—a staggering 76% growth from 39 million in 2023.

This growth wasn’t accidental. Black Banx’s success stems from its ability to offer frictionless cross-border banking, catering to individuals and businesses worldwide. It’s offerings include:

Instant Multi-Currency Accounts – Customers can open accounts online within minutes, eliminating the need for physical bank visits.
Cryptocurrency Integration – Black Banx has accepted Bitcoin and Ethereum since 2016 and expanded its crypto services in 2024 by integrating Solana and the Lightning Network, allowing for ultra-fast, low-cost cross-border transfers.
Zero-Intermediary Transfers – By leveraging blockchain technology, the company bypasses traditional banking infrastructure, significantly reducing fees and processing times.

AI-Powered Payments: Enhancing Speed and Security

If there’s one technology that has reshaped digital payments in 2024, it’s artificial intelligence. AI is now at the heart of fraud detection, customer service, and transaction optimization, making global payments more secure and efficient.

Black Banx has fully embraced AI, using predictive analytics and automated systems to streamline operations. AI-driven chatbots handle customer inquiries, reducing response times and improving service efficiency. Meanwhile, real-time fraud detection algorithms flag suspicious transactions, preventing financial losses and building customer trust.

The results? Black Banx achieved a cost/income ratio of just 68% in 2024—one of the best in the industry—demonstrating how AI-powered automation can drive profitability while maintaining top-tier service.

Financial Inclusion: Breaking Down Barriers

Despite living in a digital age, over 1.4 billion people worldwide remain unbanked, according to the World Bank. Traditional banks have long failed to serve these individuals due to bureaucratic hurdles, geographic limitations, and high fees. Black Banx has made financial inclusion one of its core missions, particularly in underbanked regions like Africa, the Middle East, and parts of Asia-Pacific.

In 2024, the company’s impact on financial inclusion was profound:

32% year-over-year increase in SME clients in Africa and the Middle East – Black Banx empowered businesses in these regions with seamless digital banking services, reducing reliance on inefficient traditional banking channels.
Instant digital accounts with minimal documentation – Unlike traditional banks, which require extensive paperwork, Black Banx allows users to open accounts quickly, enabling greater access to financial services.
Affordable cross-border transactions – By eliminating intermediaries, the company ensures that even those in remote regions can send and receive payments without excessive fees.

The Future of Cross-Border Payments: Crypto and Blockchain

Cryptocurrency is no longer a niche asset—it’s gradually become a key cog in the global payments machine. Recognizing this early on, Black Banx became one of the first digital banks to integrate Bitcoin and Ethereum into its platform back in 2016.

In 2024, the company doubled down on its crypto-first strategy, incorporating Solana and the Lightning Network. These technologies allow users to complete cross-border transactions in seconds while avoiding the high fees and delays associated with traditional banking infrastructure.

Black Banx is also exploring crypto-based lending services, a move that could disrupt traditional financial models even further. If successful, decentralized finance (DeFi) solutions could provide businesses and individuals with access to capital without the constraints of conventional banking regulations.

A Year of Record-Breaking Financial Success

While many tech companies faced financial turbulence in 2024, Black Banx defied expectations, posting record-breaking numbers:

Annual revenue: US$11.1 billion (exceeding the forecasted US$10.8 billion)
Pre-tax profit: US$3.6 billion (far surpassing the original US$2.4 billion projection)
Customer base: 69 million users worldwide
Cost/income ratio: 68% – demonstrating operational efficiency
Capital distributions: US$2.90 per share

Black Banx’s financial success highlights the immense demand for efficient digital banking services, proving that fintech is not just a disruptor but the future of global finance.

What’s Next for Black Banx in 2025?

Given its past success, Black Banx is setting ambitious goals to build on its 2024 momentum. The company aims to:

Expand its customer base to 100 million users – By reaching more individuals in emerging markets, Black Banx hopes to further its mission of financial inclusion.
Strengthen its presence in digital asset banking – With growing demand for cryptocurrency-based financial services, the company will continue integrating blockchain solutions.
Enhance global payments infrastructure – By entering new markets and refining its AI-driven systems, Black Banx plans to make transactions even faster and more accessible.
Lower its cost/income ratio – Through further automation and AI optimization, the company aims to improve operational efficiency.

By embracing AI, blockchain, and a relentless commitment to financial inclusion, Black Banx has clearly been key in accelerating the transition of the world to a truly global payments system.