Speaking History

Speaker at Money20/20 2016

Session Information

Michael Gastauer

Chairman & CEO
WB21
Speaking History

Speaker at Money20/20 2016

Session Information

Michael Gastauer is Founder and CEO of the WB21 Group. WB21 is a group of companies operating financial institutions in various countries. The Group is headquartered in Palo Alto, United States with offices in London, Zurich and Hong Kong. WB21 offers services including online account opening and real time Cross-Border payments. WB21 is a provider of services in 180 countries.

Michael Gastauer founded his first company, a financial service firm by the age of 24. After five years of steady growth, the business reached an 8-digit valuation based on $1 Billion AUM, and was sold to a Swiss Investment Group.

Michael Gastauer's second business venture demonstrated his ability to be highly innovative. As one of the first in Europe, he founded APAX Global Payments, an online payment company offering card acceptance and payment processing solutions for eCommerce industries in 40 countries. Mr. Gastauer led the business to consistent growth and profitability, reaching a $480M valuation, before it was sold to CIMB. As a Business Angel and VC Investor, he has been part of numerous company formations and entrepreneurial investments in the FinTech space. With his extensive business experience, as an investor and entrepreneur, Michael Gastauer has developed an investment and growth strategy, that allows businesses to unfold their maximum potential within a short period of time.