Gastauer is the Founder & CEO of Black Banx Group, a Financial Institution headquartered in Toronto, Canada with offices in Europe, Asia, North and Latin America.
Black Banx Group is ranked amongst the fastest growing companies, reaching a US$ 9.8 Billion valuation in less than four years. Originally from Germany, Gastauer founded his first company, a Swiss Asset Management firm by the age of 24. In less than three years the business acquired over CHF 1 Billion AUM, and was sold for CHF 16M to a Swiss Investment firm. As one of the first in Europe, Michael Gastauer created an online payment system to offer global card acceptance and payment processing solutions for the eCommerce industry. Gastauer led the business to consistent growth and profitability, reaching a US$480M valuation, before it was sold in 2008.
After selling his second business, Michael Gastauer founded Gastauer Family Office (GFO), a single family office with US$10 Billion assets under management. The Gastauer Family Office has a venture capital arm investing in FinTech companies. Michael Gastauer is the Founder and Chairman of Gastauer Foundation, a non profit organization providing financial inclusion to reduce the problem of 2.2 Billion people having no access to financial services.