WB21

WB21 operates WB21.com, which offers services including online bank account opening and Cross-Border payments. WB21 has a combination of physical and virtual offices in a number of places around the world, including Palo Alto, Berlin, London and San Francisco.
Claims
WB21 claims to have more than 1,000,000 customers, over $500M in deposits, and to have processed over $5B in cross border payments. An analysis of WB21's web traffic by the largest German daily newspaper found that WB21.com receives only 25,000 pageviews a month, and that most of the company's claims could not be verified.
WB21 claims to be legally authorized to operate in 180 countries. The company claims to have a uniquely powerful proprietary technology called IRTP that allows global payments to third party bank accounts and GlobalKYC that allows identification of 3rd parties in 180 countries. The existence and capabilities of these systems have not been verified by any independent third parties.
History
WB21 was founded by Michael Gastauer, founder of Gastauer Family Office in August 2014. Gastauer claims to have sold his previous company, Apax, for $480m in 2008 to Asian banking group CIMB. This acquisition is not mentioned by CIMB in their 2008 annual report. Apax UK's court-appointed liquidators took Gastauer to court after determining that "the assets of Apax UK have been misappropriated." Gastauer was arrested in 2004 in connection with the collapse of G & S Vermögensverwaltung GmbH, amid allegations of fraud and mismanagement.
WB21 claims to have more than 1,000,000 customers, over $500M in deposits, and to have processed over $5B in cross border payments. In September 2016, WB21 claimed that JP Morgan had valued the company at $2.2b. JP Morgan declined to comment when asked about their involvement with WB21.<ref name="FTimes"/>

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