WB21 operates a real-time money transfer system that facilitates payments for businesses and consumers in 18 currencies to 180 countries, with recipients having funds credited instantly to their bank accounts. Users can transact via account balances, bank accounts, or credit cards and pay approximately ten times less than usual bank charges. The company was co-founded by Michael Gastauer, Peter Arnold, and Aby Sousa. WB21 raised €2m in VC funding and will use the proceeds to expand operations. The investment was made by the Gasteur Family Office, which recently launched a €50m venture capital investment fund.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2015