WB21 is an online account opening platform, offering real time cross border payments in 18 currencies to 180 countries. WB21 is a global real time money transfer system, recipients have funds credited instantly on their bank account.

1. WB21 is a group of companies operating financial institutions in various countries. The Group is
headquartered in Palo Alto, United States with offices in London, Zurich and Hong Kong. WB21
offers services including online account opening and real time Cross-Border payments. WB21 has
an estimated market valuation of $80 Billion, and is a provider of services in 180 countries. The
company uses a proprietary technology IRTP© that allows global payments to third party bank
accounts.
History
WB21 (US) Inc. was founded by Michael Gastauer, a serial entrepreneur and founder of Gastauer
Family Office and Abygail DeSousa, a financial service executive in August 2014.The Palo Alto
company was the first legal entity established under the WB21 Group. WB21 (US) Inc.´s sole
purpose is to provide software development for the WB21 Group. In August 2015, the 2nd entity,
WB21 GmbH was incorporated in Zug, Switzerland. On October 2nd, 2015 WB21 GmbH received
its eMoney license and operates as a Financial Institution under a self-regulatory organization
membership from VQF. VQF is supervised and regulated by the Swiss Financial Market
Supervisory Authority (FINMA). WB21 GmbH operates as the card issuing center for the WB21
Group. In January 2016, the 3rd entity, WB21 Ltd. was incorporated in London. On February 2016,
WB21 Ltd. applied for a Payment Institution license with the Financial Conduct Authority FCA.
WB21 Ltd. serves as the European Headquarters of the WB21 Group. In February 2016, the 4th
entity, WB21 Limited was incorporated in Hong Kong. WB21 Limited is operating as Stored Value
Facility (SVF) under Hong Kong law, providing P2P payment services for the WB21 Group.
How It Works
From a customer's perspective, WB21 transfers money using a method not necessarily different
from conventional money transfers: The customer chooses a currency and a recipient, the amount to
be transferred is then debited from his or her account, the transferring company charges for the
service and the recipient receives the payment in the chosen currency.
However the difference is in the underlying method used for the transfer. WB21 uses a proprietary
payment technology IRTP© that allows cross border payments to third party bank accounts at a
faster rate. The customer pays less than 1/10 of the regular banking fees. The proprietary technology
(IRTP© / International Real Time Payments) has been developed and is owned by WB21.