Michael Gastauer: The person who created his personal Fintech revolution

Fintech investor and entrepreneur Michael Gastauer continues to make a reputation for himself with digital banking success Black Banx. The German billionaire first launched his firm in 2015, aiming to create a digital financial institution with out borders – one thing he’s succeeded in. 

With years of schooling and expertise underneath his belt, Gastauer will not be a stranger to the world of fintech. Creating his first enterprise by the age of 24 and promoting it after reaching a valuation of tens of millions, Gastauer has climbed the ladder of success ever since. In addition to being CEO and founding father of Black Banx, Gastauer additionally based the Gastauer Household Workplace (GFO) after promoting his second enterprise. The GFO is a single household workplace with belongings of €10 billion underneath administration. Gastauer can also be the founder and chairman of the Gastauer Basis, a non-profit organisation offering monetary inclusion to scale back the issue of billions of individuals around the globe having restricted or no entry to monetary companies.

To place it merely: Michael Gastauer is an advocate of the fintech revolution, and is globally ranked among the many 100 most influential individuals in fintech. With a internet value of greater than 10 billion AUM, his Household Workplace is among the largest in Europe. 

Let’s take a deeper dive into his newest enterprise, Black Banx.

Launched in 2015, Black Banx presently has over 20 million prospects and operates out of 180 completely different international locations. 

Black Banx gives a lot of options that make it a well-liked selection for patrons. These traits are as follows:

  • A cell software: Black Banx supplies its prospects with a cell software that’s easy to make use of and allows them to watch their accounts, make funds, and switch cash whereas they’re on the transfer.
  • Black Banx simplifies worldwide financial transactions, together with each the sending and receiving of cash in different international locations. The monetary establishment accepts a lot of completely different strategies of cost, reminiscent of SWIFT, SEPA, and PayPal.
  • Buying and selling cryptocurrencies: Black Banx provides its prospects the flexibility to commerce cryptocurrencies like Bitcoin and Ethereum. Moreover, the monetary establishment makes out there a crypto debit card that could be used to pay for transactions utilizing cryptocurrency.
  • Excessive rates of interest: Black Banx supplies prospects with financial savings accounts and investments that earn excessive rates of interest.
    Black Banx’s services and products are provided at aggressive costs, regardless of their low charges.
  • FDIC insurance coverage is offered for deposits at Black Banx, which may attain a most of $250,000. Clients of Black Banx Financial institution are in a position to make use of their debit playing cards to make purchases at tens of millions of outlets everywhere in the world as a result of the financial institution participates within the Visa and Mastercard networks and is a member of each of these networks.

Black Banx is a wonderful possibility to think about in case you are searching for a digital financial institution that gives a wide range of services and products to its prospects. The financial institution is handy, reliable, and never overly costly to make use of.

The next is an inventory of a few of the extra notable services and products that Black Banx supplies:

Non-public accounts: Black Banx supplies its prospects with a wide array of personal accounts, which embrace checking accounts, financial savings accounts, and funding accounts, amongst others. Potential prospects can make the most of straightforward account opening, a Black Banx debit card that can be utilized worldwide, freely changing currencies between accounts for financial institution interchange charges, and paying with the Black Banx debit card worldwide. Moreover, prospects who select to go for a digital debit card can join with their cell phone to pay through NFC. Black Banx prospects are in a position to maintain funds, and ship and obtain funds in 28 fiat (government-issued currencies) and two cryptocurrencies.

Accounts for companies: Black Banx additionally supplies a number of accounts for companies, together with checking accounts, financial savings accounts, and service provider accounts. Particularly, enterprise account holders can instantly begin banking with out borders. Customers can even monitor the standing of incoming and outgoing transfers in seconds and assign a number of customers to handle and entry the enterprise accounts. As well as, enterprise prospects can join through API or batch add to course of a lot of funds.

Buying and selling cryptocurrencies: Black Banx provides its prospects the flexibility to commerce cryptocurrencies and use their crypto belongings to pay third events straight from the platform.

Michael Gastauer has made Black Banx the profitable digital financial institution it’s through the use of his years of economic expertise. Together with his distinctive understanding of what a buyer within the sector wants, Gastauer has led Black Banx into the highest of the fintech league.