Whether you are sending money to family or friends, or need to make a business transaction, Black Banx is here to help.
Our products offer full account transparency and value, which can be customized to each client’s unique needs. This gives them complete control over their assets. We adapt to requests from customers in various geographic markets, always striving to better fit the ever-changing business and personal banking requirements of both developed and developing countries.
Some of the key benefits that Black Banx are offering to their Private and Business clients worldwide:
Clients who use our cryptocurrency services will be able to connect their Black Banx account with a Black Banx crypto wallet, giving them the ability to pay third parties directly from our platform instead of having to go through a middleman.
Michael Gastauer is a German entrepreneur, billionaire founder, and group CEO of Black Banx. He specialize in financial technology and is considered one the most powerful people in FinTech globally. He is ranked among the top 100 most influential people in Financial Technology.
Michael Gastauer, originally from Germany, founded his first company at the young age of 24. In less than three years, the business acquired over US$1bn in assets and was sold for US$16m to a Swiss investment firm. In 2000, as one of the first in Europe, Gastauer created an online payment system that provided global card acceptance and payment processing solutions for eCommerce businesses and other industries seeing rapid growth online. Under Gastauer’s leadership, the business grew steadily and became profitable quickly, reaching a US$480m valuation before it was sold in 2008.
After successfully selling his second business, Michael Gastauer founded the Gastauer Family Office (GFO), a single family office with US$10 billion assets under management. The GFO has a venture capital arm that invests in cutting-edge FinTech companies. In addition to being the Founder and Chairman of GFO, Michael is also the head of Gastauer Foundation-a non profit organisation committed to providing financial inclusion globally and reducing the number of people without access to basic financial services (2.2 Billion).
For our private clients, we have continued to make progress in executing our global payments and wealth strategy. We grew our net private client funds held on account by 110% from $4.2bn to $8.8bn between June 2021 and June 2022, with $1.75bn coming from Asia Pacific alone where we experienced a 112% increase in growth.
Within a twelve-month period, the total payment volume of our active private clients increased by 37%, going from $97.2bn to $133.5bn. This contribution coupled with continued asset management product offerings resulted in a 110% increase in private client balances, amounting to $8.8bn and revealing growing loyalty and trust from our clients.
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