News Archive 2022

TORONTO (PRWEB) DECEMBER 19, 2022: Today, Black Banx Group announced having reached 20 million customers. With currently one million new accounts being opened per month, the Group is experiencing its fastest onboarding of new clients since the digital banking platform launched in 2015. What Black Banx considers an extremely positive signal is the number of new business clients opening accounts having increased from 5 to 12% over the last six months. The Group considers the increasing number of business clients as an indicator of an even larger future growth potential, as a business customer typically brings multiple related private clients to open accounts with Black Banx.

Toronto, July 11, 2022: Starting in 2014, the Black Banx Group has grown over the past eight years to significant size, with more than $420m USD in revenue, 2,048 employees and 15m customers in 180 countries. Marin Smeu, CEO of Black Banx Inc. presented the Group`s semi-annual review earlier this week during an executive meeting with 210 employees participating.

The Securities and Exchange Commission (SEC) obtained on March 23th, 2022 final Judgement in a Federal Court in Boston, Massachusetts ordering Billionaire Founder and CEO of Black Banx Group Michael Gastauer to pay USD 17 million. Despite its initial claim filed in October 2018, where the SEC sought to recover USD 165 million plus fines and penalties from Gastauer, the final Judgement ordered a disgorgement of USD 11.3 million held in Wintercap SA client account by Black Banx`s Singapore branch plus USD 1.7 million interest and a civil penalty of USD 4.3 million, which is approximately one tenth of the sum originally demanded by the SEC.