The chief executive of Black Banx Group Holdings Ltd., a digital-banking and cryptocurrency specialist with $1.5 billion in third-quarter revenue, says the company plans to float an initial public offering of company stock but adds the time isn’t right, for now.
Still, with the S&P 500 SPX showing some strength in recent sessions and talk of possible interest-rate cuts down the road, Bank of America Corp. BAC, -1.25% Chief Executive Brian Moynihan said this week that he sees a “tremendous pipeline” of investment-banking deals. “We are funding our growth by reinvesting our profits in the business, which might lead to a slower growth rate but is a less risky way of growing a business,” Gastauer said.
“Besides organic growth factors, we are quite strong in acquiring more market shares in regions that other fintechs are not targeting yet,” Gastauer said. “We are looking into opportunities and talking to different candidates. Our primary focus is to acquire financial institutions in North America or Europe.”
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