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.
The Black Banx numbers are quite impressive, by the end of June 2022, Black Banx Group employed 2,100 people with offices on four continents, serving 15 million customers. Only six months later, Black Banx has more than 3,000 people working for the Group. The number of customers has grown to 20 million and the group has reached annual revenues of USD 1.1bn with an estimated profit exceeding USD 180m for the year 2022.
Black Banx Founder and Group CEO Michael Gastauer said, he believes with 20 million clients, Black Banx has reached the critical mass where due to network effects and brand recognition in certain parts of the world, the Group was able to onboard one million new clients per month. About 12% of these clients are business customers, which would help Black Banx to increase its growth rate even further.
About Black Banx:
Black Banx Group provides digital banking solutions to private individuals, institutional and corporate clients worldwide. We are the only financial Institution offering the entire account opening process online, in real time for Private and Business clients from 180 countries. With more than 20 Million customers, we processes cross border payments of over 20 Billion USD on a monthly basis. We protect customers’ funds with industry leading security tools and our global diversification concept. Leading companies and institutions in more than 180 countries rely on our financial resources, expertise and infrastructure to help them grow their businesses, manage their payments and invest for the future.