Gastauer is the Founder & CEO of Black Banx Group, a Financial Institution headquartered in London, UK with offices in Europe, Asia, North and Latin America.
Black Banx Group is ranked amongst the fastest growing companies, reaching a US$ 9.8bn valuation by the end of 2018. Originally from Germany, Gastauer founded his first company, by the age of 24. In less than three years the business acquired over US$ 1bn AUM, and was sold for US$ 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$ 10bn 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.