Business

The Founder of Vakarui Paris Worked his Way Up from Ground Zero to a Net Worth of $2.1M

Published

5 years ago

August 25, 2020

Nike, the world’s largest supplier of athletic shoes; Adidas, one of the major sponsors of UEFA Champions League and New York Yankees; Jordan, the shoe brand for top athletes and sportspeople; Reebok, official footwear sponsor of Spartan Race, CrossFit, and Ultimate Fighting Championship. These top brands dominate the footwear industry and there are not many that can compete with the quality they offer. There is one brand that is turning the heads and gaining the attention of many, not only because it brings in a unique footwear fashion trend but because of the exciting success journey of its founder.

Vakarui Paris, a unique limited-edition shoe concept, is a brainchild of Mazayah Legend Andrews. Belonging to a family of footballers, Mazayah was living a successful life as an American sportsman. He started playing football in high school and even ended up in the Eastern Conference Team.

Destiny had something else in store for Mazayah. The Floridian footballer, who was acquiring a prominent identity in the sports industry, gave up on his game. Why? Because it was not his fate. Mazayah Legend Andrews was born to be an entrepreneur, and his $2.1M net worth and the success of his company is proof of it.

He stopped playing football because he wanted to set up his own business, and it was not easy. His journey to becoming a prominent entrepreneur took up a lot of effort and time. Playing football all his life, entrepreneurship was not something he was well-versed in.

From Football to High-end Fashion – A Success Story Worth Narrating

Mazayah Legend Andrews set up Vakarui Paris in 2015. Initially, the brand revolved around a one-of-a-kind limited-edition shoe concept. He was the designer of the shoe, and he chose Italy, one of the hottest destinations for footwear, for the manufacturing of the Vakarui Paris’ shoe collection. The shoes by his brand are handcrafted in Italy using high-quality materials.

The transition from football to the corporate sector was tough. After Mazayah left his football career, he gave his all to set up his brand. During the struggle phase, he had to stay in $20-hotels with his mother. It was an experience that he did not even think of living, but he did, for the sake of his dream.

Things were tough for him until he met the director of Stonecrest Mall. Mazayah shared his designs and the shoe concept with him, and it was the perfect timing. The director expressed deep admiration for this brand and offered him to open his store at the mall. It marked the start of the brand’s success and Mazayah ‘s journey to becoming a successful entrepreneur.

After the success of the brand, Mazayah opened his brand’s second branch in Atlanta. The brand that started with just two models has been featured in two high-profile fashion shows that took place in Atlanta and Miami. The 35-year-old entrepreneur’s transition into the corporate sector was complete; he purchased a house and a car, something many people can only dream of. He did that after he gave on his football career, where he had established a notable identity. Not to forget, football was one of his passions.

Even though the company started as a shoe brand, today, it has an entire clothing line. It has its headquarters in Hallandale with two other branches; one at Stonecrest Mall and the other at opposite to the Lenox mall in Atlanta. The company operates through its social media business page and has a brand in Paris as well.

Vakarui Paris’ team comprises of Mazayah, who serves as the CEO of the company, Sam is the district manager and a designer. Shann is one of those people who have been standing alongside Mazayah since the beginning of his company. She is the director of the company and the marketing manager. Also, she helped Mazayah with the original Vakarui shoes. It is a power team as together they run the brand’s operations on the internet and across the United States and Italy.

Mazayah Legend Andrews’ journey from the football field to the high-end fashion industry as a top entrepreneur is worthy of bringing into the light. He started from ground zero, gave up on his passion for football, experienced living in cheap hotels, all this for his company. Today, he has a net worth of $2.1 million, which is proof of his success as an entrepreneur.

Business

How Black Banx Has Sped Digital Payments Into Its Global Phase

Published

2 days 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.