The so-called Chance Foundation (chance.foundation) presents itself as an “investment hub” for startups. Internal documents obtained by FinTelegram, however, show it structured as a private fund pooling the interests of Softswiss and CoinsPaid founders Ivan Montik, Pavel Kashuba, and Dzmitry Yaikau, with tentacles into iGaming, crypto payments and side tech ventures.
Key Facts
- The website chance.foundation describes Chance Foundation as an “investment hub” that helps startups with capital, expertise and infrastructure – not as a charity. (Source: chance.foundation)
- An internal investor slide labels “Chance Foundation (private fund for investments)” and places it above three Cyprus vehicles: BITCAPITAL (UBO: Ivan Montik), PRIMEFUTURE (UBO: Dzmitry Yaikau) and WRU Investments (UBO: Pavel Kashuba). Chance Foundation UBOs
- The same slide connects Chance Foundation’s web to the Softswiss Group, Dream Finance OÜ / CoinsPaid, the Merkeleon Group, and the N1 casino cluster (N1 Interactive, N1 Bet Nigeria, N1 Ghana, N1 Greece and others). Chance Foundation UBOs
- Additional “side investments” shown under Chance Foundation include Hypetrain (Welmi Inc., USA), Deepcake Inc. (USA) and ProteiQ Biosciences GmbH (Germany). Chance Foundation UBOs
- A critical site run by former insiders claims “everything at CoinsPaid and the overall group under the ‘Chance Foundation’ is designed to make things as obscure as possible,” echoing the idea of a central but opaque ownership hub (Source: coinspaidscam.com)
- Parallel court proceedings in Tel Aviv between Montik, Kashuba, Yaikau and rival stakeholders highlight deep corporate conflicts around the Dream Finance / CoinsPaid perimeter; much of that dispute is now being shifted to arbitration in Vienna.
Short Analysis
Publicly, Chance Foundation markets itself as a neutral investment platform; internally, it is portrayed as a private fund pooling the economic interests of the Softswiss / CoinsPaid founders. The investor slide places Chance Foundation at the top of a dense structure of Cyprus, Malta, Estonia, Georgia, Ghana, Nigeria and Singapore entities, with clear lines down into Softswiss (iGaming software), the N1 casino brands, and Dream Finance / CoinsPaid (high-risk crypto payment processing). In substance, this looks less like a foundation in the philanthropic sense and more like a family-office-style control and capital hub.
For AML, sanctions and supervisory audiences, this matters. If Chance Foundation is indeed the central allocation vehicle for Montik, Kashuba and Yaikau, then gambling operators, game studios and crypto PSPs that appear “separate” on paper may in fact be tightly related parties. This has implications for group-wide risk assessment, conflicts of interest (payments + casinos under one roof), and for tracing funds in the event of enforcement, insolvency or criminal proceedings. At the same time, the sparse public footprint of Chance Foundation – beyond its minimal website and scattered LinkedIn references – reinforces criticism that the group’s top-level ownership architecture is deliberately low-visibility.
The Compliance Issue
From a compliance perspective, the whistleblower material on Chance Foundation raises a fundamental red-flag: if the insider information about the ultimate beneficial owners of Softswiss and Dream Finance is accurate, then the beneficial-owner data filed in the company registers of Estonia, Lithuania, and Austria are materially wrong. These registers currently show Austrian citizen Alexander Horst Riedinger as UBO of A.R. Merkeleon and key Dream Finance (CoinsPaid) entities, while the Chance Foundation chart and insider testimony point instead to Ivan Montik, Pavel Kashuba and Dzmitry (Dmitry) Yaikau – together with Russians Roland Isaev and Paata Gamgoneishvili – as the true controlling beneficial owners of the Softswiss–CoinsPaid complex, with Max Krupyshev acting as CEO and director rather than ultimate owner.
This picture is supported by the Polish commercial register entry for Dream Payments, where Krupyshev is listed as director and Yaikau as beneficial owner, This Polish entity holds the shares in Primefutures Ltd and WRU Investments Ltd in Cyprus. These are the companies that are said to be behind the Chance Foundation, alongside Ivan Montik’s BitCapital. More supporting evidence comes from the already reported lawsuits in Israel and the decided case in the British Virgin Islands, which both describe Montik, Kashuba, Yaikau, Isaev and Gamgoneishvili as economic controllers.
In that scenario, the Estonian FIU, as competent AML authority for Dream Finance OÜ, would have received incorrect UBO information; under EU AML rules and corresponding national laws, knowingly providing false or misleading beneficial-owner data to registries or supervisors is a punishable offence and can lead to licence withdrawal, heavy fines, and personal liability for managers.
Taken together, these indicators strongly suggest that Riedinger may be acting as a nominee / front man in the official filings – a constellation that, in FinTelegram’s assessment, warrants immediate scrutiny by the Estonian, Lithuanian, Austrian and Polish authorities.
| Brand / Person | Type | Domains | Key Legal Entities | Key Individuals / UBOs | Role in Chance Foundation / Softswiss–CoinsPaid Network |
|---|---|---|---|---|---|
| Chance Foundation | Investment hub / “private fund” | chance.foundation | Chance Foundation (jurisdiction unclear – internal slide only) Chance Foundation UBOs | UBO triangle: Ivan Montik, Pavel Kashuba, Dzmitry (Dmitry) Yaikau | Presented in internal materials as the top-level investment pool for the founders’ stakes in Softswiss, Dream Finance/CoinsPaid, Merkeleon, N1 and side tech/biotech bets. Chance Foundation UBOs |
| Softswiss | iGaming software / aggregator brand | softswiss.com | SoftSwiss Group entities; Dama N.V. (Curaçao) and other casino operators using SoftSwiss platform | Ivan Montik (Belarusian UBO), Paata Gamgoneishvili & Roland Isaev (Russian UBOs, per FinTelegram intel) | Core gambling tech and casino platform of the network; provides white-label casinos and game aggregation to N1 brands and other schemes; tightly linked to Merkeleon and CoinsPaid payment flows. |
| Dream Finance Group CoinsPaid / CryptoProcessing / Dream Payments | Crypto PSP brand | coinspaid.com, cryptoprocessing.com | Dream Finance OÜ (Estonia – core entity), Dream Finance UAB (Lithuania), Dream Finance S.A. (other jurisdictions) | Official BOs include Max Krupyshev (Ukrainian), Alexander Horst Riedinger (Austrian); group is also connected to the Chance/Softswiss UBO triangle via historic ownership and governance ties. | Acts as the network’s crypto payment processor, funnelling gambling and high-risk merchant flows; marketed as “world-leading” crypto ecosystem but closely integrated with Softswiss casinos and Chance Foundation’s investment stack. |
| N1 Casino / N1 Bet cluster | B2C gambling brands | n1casino.com, n1casino.gr, n1-bet.ng, etc. Chance Foundation UBOs | N1 Interactive Ltd (Malta), N1 Greece (Malta), N1 Interactive Africa (Nigeria), N1 Ghana, N1 Games RSD OOO (Serbia), N1 Capital (Malta) Chance Foundation UBOs | Ultimately linked to Chance Foundation UBOs (Montik/Kashuba/Yaikau) and Softswiss platform providers. | Front-end casino brands of the ecosystem, running on Softswiss software and serviced by CoinsPaid/Dream Finance for crypto payments; economic proceeds roll up to the Chance Foundation ownership layer. |
| Softswiss | MGA-regulated gambling entity in Malta | softswiss.com | Stable Aggregator Limited | Montik, Isaev, Gamgoneishvili | The center piece of the Softswiss/Dream Finance hub |
| Merkeleon / A.R. Merkeleon | Exchange / auction / payment software | merkeleon.com | Merkeleon GmbH (Austria), Merkeleon Georgia LLC, Merkeleon Poland, related holding companies | Controlled from the same owner circle around Montik, Isaev, Gamgoneishvili (per FinTelegram & OSINT). | Acts as tech and payment infrastructure provider within the group (crypto exchanges, auction software), complementing Softswiss casinos and CoinsPaid payment processing. |
| Side portfolio (Hypetrain, Deepcake, ProteiQ) | VC-style portfolio brands | hypetrain.io, deepcake.io, proteiq.com Chance Foundation UBOs | Welmi Inc. (Delaware, USA), Deepcake Inc. (Delaware, USA), ProteiQ Biosciences GmbH (Germany) Chance Foundation UBOs | Backed via Chance Foundation / UBO vehicles of Montik, Kashuba, Yaikau. | Non-core VC / diversification bets (marketing tech, deepfake studio, biotech) that demonstrate Chance Foundation’s role as a broad investment hub beyond gambling and crypto. |
| Ivan Montik | Person (UBO / founder) | – | BITCAPITAL (Cyprus); stakes in Softswiss; interests routed via Chance Foundation | – | Belarusian-born founder and key UBO of Softswiss and CoinsPaid, central architect of the Chance Foundation structure and historic driver of Softswiss, N1 and CoinsPaid alliances. |
| Pavel Kashuba | Person (UBO / investor) | – | WRU Investments (Cyprus); participations in Softswiss, N1 and CoinsPaid via Chance Foundation | – | Part of the Chance UBO triangle; long-time Softswiss/CoinsPaid insider; appears in Israeli litigation against Megrelashvili & others over control and smear-campaign allegations. |
| Dzmitry Yaikau Dmitry Yakau | Person (UBO / investor) | – | PRIMEFUTURE (Cyprus); stakes in Softswiss / N1 / CoinsPaid via Chance Foundation | – | Third member of the Chance UBO triangle; co-owner in Softswiss–N1–Merkeleon complex and party to Israeli proceedings alongside Montik and Kashuba. |
| Max Krupyshev | Person (CEO / official BO) | coinspaid.com, cryptoprocessing.com | Official BO and Co-Founder & CEO of CoinsPaid / CryptoProcessing; linked to Dream Finance entities in Estonia, Lithuania and elsewhere. | Public face of the CoinsPaid group; bridges the Dream Finance PSP business to regulators and partners. | Director and CEO in the Dream Finance Group |
| Paata Gamgoneishvili | Person (Russian–Georgian entrepreneur | – | Linked as UBO/beneficial stakeholder in Softswiss and Merkeleon structures (often together with Roland Isaev). | UBO Softswiss | UBO Softswiss |
Call for Information
FinTelegram is continuing to map the Chance Foundation ecosystem and its links to Softswiss, Dream Finance / CoinsPaid, N1 casinos and related tech ventures. We invite current and former employees, advisers, business partners and banking contacts to provide documents, charts, contracts or internal presentations that clarify the true ownership and control structure of Chance Foundation and its portfolio companies. Information can be submitted securely via Whistle42.com.
