Black Banx (Baltic) AB

Note: This profile focuses on the Lithuanian legal entity “Black Banx (Baltic) AB” where information is available, and provides broader group context from Black Banx Group. Certain Lithuanian-specific corporate details were not publicly accessible to the assistant as of the latest knowledge date and are explicitly noted.

Company Overview

Legal name: Black Banx (Baltic) AB
Type: Akcinė bendrovė (AB) — public joint-stock company under Lithuanian law
Industry sector: Financial technology (fintech), digital banking and payments services
Founding date (Lithuanian entity): Not publicly available to the assistant; the global Black Banx Group was founded in 2014–2015 period by Michael Gastauer
Headquarters (Lithuanian entity): Registered office address not publicly available to the assistant; see Legal Information section
Parent/Group context: Part of the broader Black Banx Group, a private international fintech platform offering multi-currency accounts and cross-border payment services

Legal Information

Įmonės kodas (company registration code): Not publicly available to the assistant. It should be obtainable from Registrų centras (Lithuanian Centre of Registers) corporate registry.
PVM kodas (VAT code): Not publicly available to the assistant. If registered for VAT, the code should be verifiable through the State Tax Inspectorate (VMI) VAT register or VIES.
Official website: https://www.blackbanx.com (group website providing service access and general information)
Email address (Lithuanian entity): Not publicly disclosed to the assistant. Black Banx generally provides customer support through in-app/chat channels and web forms on the official website.
Registered office address (Lithuanian entity): Not publicly available to the assistant; consult Registrų centras (JAR) for the official entry.
Phone number (Lithuanian entity): Not publicly available to the assistant.

Business Operations

Main products/services:
- Personal and business multi-currency accounts (group offering)
- International payments, remittances, and cross-border transfers
- Foreign exchange services and currency conversion
- Crypto-related functionality (availability varies by jurisdiction and compliance regime)
- Cards and payment instruments via partner institutions (jurisdiction-dependent)

Business model:
- Digital-only financial services delivered via web and mobile apps
- Partnerships with licensed financial institutions and banking infrastructure providers across jurisdictions
- Monetization through payment fees, FX spreads, account services, and premium tiers
- Enterprise services for cross-border treasury/payments for SMEs and corporates

Market position:
- Positioned as a global fintech platform providing rapid onboarding and multi-currency capabilities with international reach
- Competes with challenger banks and payment platforms serving cross-border needs

History

Founding story (Group context): Black Banx Group was created by entrepreneur Michael Gastauer to address friction in cross-border banking and payments through a global, digital-first platform. The service publicly launched around 2015, scaling user acquisition internationally in subsequent years.

Key milestones (Group context):
- 2015: Public launch of Black Banx platform with multi-currency account functionality
- 2016–2019: Expansion of international payments and FX services; broadened geographic coverage
- 2020–2023: Continued global user growth; enhanced business accounts; selective crypto-related features (subject to jurisdictional compliance)
- Ongoing: Partnerships with financial institutions and infrastructure providers across regions

Lithuanian entity milestones: Specific events, licensing, or registration dates for Black Banx (Baltic) AB were not publicly available to the assistant. Verification should be possible through Registrų centras and, for financial licensing status, Bank of Lithuania registers (EMI/PI lists) if applicable.

Financial Information

Revenue (Lithuanian entity): Not publicly available to the assistant.
Funding rounds (Group context): Black Banx Group is privately held; public details of external funding rounds are limited and not independently verified by the assistant.
Ownership structure: The global Black Banx Group is controlled by founder Michael Gastauer and related holding entities. The specific shareholder composition of Black Banx (Baltic) AB is not publicly available to the assistant and should be obtainable from the Lithuanian Shareholders Register or corporate filings via Registrų centras.

Leadership and Management

Group leadership:
- Michael Gastauer — Founder and Group Chief Executive Officer (CEO)

Lithuanian entity (vadovai): Names and positions of Black Banx (Baltic) AB executives/board members were not publicly available to the assistant. Official details (e.g., CEO/General Manager, Board Chair, Board members) should be accessible through Registrų centras (JAR) and the company’s mandatory disclosures.

Office Locations

Lithuania (Black Banx (Baltic) AB):
- Registered office: Not publicly available to the assistant (address and phone). Please consult Registrų centras corporate registry.
- Operational/customer service phone numbers: Not publicly available to the assistant; Black Banx typically directs customer support via in-app chat and web channels.

Global context: Black Banx Group indicates international operations supported by partnerships and distributed teams. Specific physical office addresses and phone numbers vary by jurisdiction and are not comprehensively disclosed in sources available to the assistant.

Market Position

Competitors (global/challenger bank and cross-border segment):
- Revolut
- Wise (formerly TransferWise)
- N26
- Payoneer
- Airwallex
- Traditional banks offering multi-currency and cross-border services

Market share: No audited, jurisdiction-specific market share data available to the assistant for Lithuania or the Baltic region.
Competitive advantages (claimed by group):
- Broad international coverage and availability in many countries
- Fast digital onboarding
- Multi-currency accounts with FX and cross-border payment capabilities
- Acceptance of customers across diverse industries (subject to compliance)

Recent Developments

Lithuania-specific: No verified public announcements or regulatory filings accessible to the assistant regarding licensing, expansions, or partnerships specific to Black Banx (Baltic) AB.
Group-level: Media and corporate communications highlight continued user growth, new features, and geographic expansion. These claims are not independently verified by the assistant and may vary by jurisdiction and compliance status.

Contact Information

Official website: https://www.blackbanx.com
Customer support: Typically provided via the Black Banx app and website chat/help center.
Email (Lithuanian entity): Not publicly available to the assistant.
Registered office address (Lithuanian entity): Not publicly available to the assistant; consult Registrų centras.
Phone (Lithuanian entity): Not publicly available to the assistant.

Compliance and Licensing

Lithuanian regulatory status: If Black Banx (Baltic) AB provides regulated financial services in Lithuania (e.g., as an Electronic Money Institution or Payment Institution), its license and supervisory information should be listed in the Bank of Lithuania public registers. The assistant did not have access to verified licensing entries for this entity.
Consumer protections: Availability of deposit protection, safeguarding of funds, and complaint mechanisms depend on the licensing status and partner institutions used in service delivery.

Sources and References

Primary and corporate sources:
- Black Banx Group official website: blackbanx.com (service descriptions, corporate background)
- Black Banx public communications and press releases (group-level claims and milestones)

Lithuanian official sources (for verification of local corporate/legal details):
- Registrų centras (Lithuanian Centre of Registers) — Juridinių asmenų registras (JAR) for company code, registered address, officers, and filings
- Valstybinė mokesčių inspekcija (VMI) — VAT register and VIES for PVM kodas verification
- Lietuvos bankas (Bank of Lithuania) — Public lists of licensed Electronic Money Institutions (EMI) and Payment Institutions (PI), and supervisory disclosures

Industry/market context:
- Publicly available fintech industry reports and news coverage of challenger banks and cross-border payment providers
- Press and media articles discussing Black Banx Group’s growth and product features (not independently audited)

Notes

Important: Specific Lithuanian corporate data points (įmonės kodas, PVM kodas, registered address, telephone, and named executives/board members for Black Banx (Baltic) AB) were not accessible to the assistant in the consulted sources. For the most accurate and up-to-date information, please retrieve the company’s official entry from Registrų centras and, if applicable, confirm licensing status through the Bank of Lithuania registers.