London-headquartered Black Banx is on a mission to redefine banking on a global scale. Since its launch by German billionaire Michael Gastauer in 2015, Black Banx has made financial transactions easier, more user friendly and rewarding for everyone.
Black Banx Group operates through long-established businesses with an international network spanning 180 countries and territories in both established and emerging markets. Its international network covers markets accounting for approximately 90% of global GDP, trade and capital flows.
Black Banx is having a profound impact on the very nature of banking and has established itself rapidly as a key force for innovation and solutions for evolving customer banking needs and tastes. Approximately 80% of Black Banx’s operations are in cross-border payments, whilst 20% is cryptocurrency and currency trading related. Serving more than 20 million clients (as per June 2022) from 180 countries, Black Banx’s operations have been global in scope since its inception in 2015 with particular strength in Asia Pacific, Latin America and North America.
The Black Banx journey
20m 1.5m 180 Customers Business customers Operational countries
28 + 2 $1.1bn FIAT and Crypto currencies Revenue
3,000 Employees
12/2022 20m+ customers, $1.1bn revenue, 3,020 employees
06/2022 15m+ customers, $420m revenue, 2,100 employees
2021 Launched in Japan, reaching increasing customer base to 12m customers
2020 Office launched in China, increasing customer base to 10.5m customers
2019 Expansion with offices in UAE and South Africa, increasing customer base to 8 million customers
2018 Offered private and business accounts in 28 FIAT currencies to 5m customers. Launched a fully fledged crypto currency trading with BTC and ETH as crypto currency. Office opened in Canada.
2017 Expansion with offices in Singapore, Brazil, India and Russia, increasing customer base to 3m
2016 Expansion with offices in USA, UK and Hong Kong, offering products in 18 currencies, offering crypto currency as a deposit method, increasing customer base to 1m customers
2015 Founder Michael Gastauer and his team launched Black Banx offering private and business accounts for 180 countries, with 200,000 customers
Products and features
- Private and business Group accounts in 28 FIAT and 2 crypto currencies
- International payments in 28 FIAT and 2 crypto currencies using local instant settlement systems where possible (e.g. FPS, SEPA instant credit, etc.)
- Inter platform instant payments in 28 FIAT and 2 crypto currencies
- Multi Currency Mastercard Debit Card (plastic and metal) + virtual cards
- Real time 24/7 currency exchange services
- Real time 24/7 crypto trading services
- Interest bearing savings accounts in EURO, USD, GBP, JPY
- Batch upload or API to execute large number of payments for business customers
Financial technology is transforming the way in which businesses operate, with a customer focused approach where conventional banking services are being replaced in many areas including payments, private and corporate banking and wealth management. Banking needs to be increasingly international in scope, with products operational on a global scale. Key benefits of this evolution are improved customer experience, greater convenience and significantly faster and more cost efficient execution of international payments.
