Category: PayTechs

BridgerPay appoints Laoura Salveta as Head of MarketingB
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May 22, 2022

BridgerPay Appoints Laoura Salveta As Head Of Marketing

BridgerPay recently announced the closing of a $6 million financing SIBF and has scheduled the Future of Payments event in Limassol for May 25, 2022. Just in time for this globally broadcast event, BridgerPay has announced Laoura Salveta engagement as Head of Marketing. According to her LinkedIn profile, Laora comes from the Forex field and therefore has experience in financial marketing. Most recently, she served as Chief Marketing Officer and Director at 120advertising.com in Cyprus.
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Israeli BridgerPay receives $6 million from South Israel Bridger Fund and Nati HarpazR
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May 15, 2022

Remarkable Transaction! BridgerPay Secures $6 Mio In A Seed Finance Round!

The Cyprus-based Israeli payment processor BridgerPay of Ran Cohen successfully raised 6 million in a seed finance round led by the Nati Harpaz and the Southern Israel Bridging Fund (SIBF). According to Calcalista, the round included $2 million in secondary deals. In 2019, the former forex entrepreneur Ran Cohen teamed up with veteran systems architect and payments expert Yaron Hersh to set up BridgerPay. In 2020, Nati Harpaz joined the company. Since then, the company grew organically, and only now it has decided to raise funds to develop its business.
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Israeli payment processor Finateco terminated scam merchant CTMatadorI
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May 4, 2022

Israeli payment processor Finateco terminated its scam merchant CTMatador

we issued another warning against CTMatador broker scam. In it, we noted that the broker scam, operated through Wind Holdings Ltd in SVG, had also registered as a merchant with Israel's Finateco and offered deposits through it as an option for potential victims. Finateco contacted us and clarified that they had terminated their relationship with the scam merchant following FinTelegram's report. In our new review on May 6, 2022, we were able to verify that Finateco is no longer listed as a payment option at CTMatador. Bravo for this!
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High-risk payment processors Jubiter and Coindeck operated by Global DLT ExchangeI
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September 7, 2021

Introducing crypto payment processor Global DLT Exchange with Jubiter and Coindeck

Coindeck is a new high-risk crypto payment processor brand operated by Slovakia-based Global DLT Exchange S.R.O., which also operates Jubiter. The latter was the trade name of Estonian Jubiter Technologies OÜ, which was licensed until February 2021. After many scam involvements, the company lost or renounced its license. Jubiter was transferred to Global DLT Exchange S.R.O. but continued to surface as a scam facilitator. Frequently together with BridgerPay. Most recently, we also found both in the GoldBachInvest scam.
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epayzz websiteJ
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May 27, 2021

James Scerri Worley, and the withdrawal of license of Money + Card Payment Institution Ltd

James Scerri Worley is a practicing lawyer in Malta. He was an official of Money + Card Payment Institution Ltd d/b/a epayzz which had its license revoked by the Malta Financial Services Authority (MFSA). The company did not possess enough funds to cover the minimum required by law and did not meet its governance requirements. James Scerri Worley being an integral part of the company, also faced other decisions by the Authority. MFSA decided that Money + Card Payment Institution Ltd should wind up its business.
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BridgerPay in discussions with South Israel Bridge Fund of Tamir PardoB
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March 12, 2021

BridgerPay allegedly about to receive fresh money from Southern Israel Bridge Fund

Interesting rumors! Israeli forex expert Ran Cohen established his Bridger AI Limited in Cyprus in Feb 2019 to operate the BridgerPay payment processor. In November 2020, BridgerPay announced that it had hired Nati Harpaz, the former CEO of Australian e-commerce group Catch.com as Executive Director. Harpaz is said to play a significant role at BridgerPay and allegedly organized the financing round with the Israeli South Israel Bridge Fund (SIBF), co-founded and presided by the former Mossad boss Tamir Prado.
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BridgerPay massively facilitates broker scamsR
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February 23, 2021

Regulator warns against BridgerPay scam client The Forex Premium

Bridger AI Ltd is an unregulated PayTech and, therefore, apparently moves feels free to accept scam merchants without too much concern. Just recently, Cohen hired Nati Harpaz, a big name, as an additional Executive Director. One would expect legitimacy there. However, BridgerPay has come up more frequently as a payment facilitator of scams regulators warn against. So it facilitates The Forex Premium (www.4xpremium.com) operated by Premium Finance Solutions Ltd.
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iPayTotal works with Global Paymentsi
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February 10, 2021

iPayTotal cooperates with FCA-regulated Global Payments to facilitate scams

In our research on the Financial Resident broker scam, we identified iPayTotal as one of the payment facilitators. However, when processing deposits via iPayTotal, visitors are redirected to Global Payments (www.globalpay.com), a payment processor licensed by the UK FCA. iPayTotal is one of the most notorious high-payment processors in the scammer scene. Many scammers complain that they were ripped off by iPayTotal and that funds were not transferred to them anymore. In this respect, the cooperation with a regulated FCA entity is somewhat surprising.
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FinTech Unicorn TransferWise appoints IPO coordinatorsT
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January 25, 2021

TransferWise appoints Goldman Sachs and Morgan Stanley for blockbuster IPO in London

TransferWise prepared for a blockbuster IPO and appointed the two Wall Street giants Goldman Sachs and Morgan Stanley as joint coordinators, Sky News reported last week. The surprising thing here is the decision in favor of a listing in London and against New York. This is certainly an important milestone for London to remain Europe's most important financial center after Brexit. The valuation for the IPO is expected to exceed $5 billion. And hey, they are profitable!
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PXP Financial and MoneyNetInt Group cooperateP
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December 17, 2020

PXP Financial and MoneyNetInt cooperate for cross-border payments

Regulated by the FCA with reference No 504318, PXP Financial Limited as an Authorized Payment Institution was originally founded as Kalixa Accept Limited by Austria's Bwin. Following the acquisition of Bwin by public-listed GVC Holdings PLC, Kalixa was sold to Senjo Group for €29 million in late 2019 and renamed PXP Financial. The company recently announced its cooperation with FCA-regulated MoneyNetInt Group. Senjo Group was one of the largest - and, according to the Financial Times (FT), most opaque - partners of the collapsed Wirecard.
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EU Paymnentz facilitates scamsR
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December 15, 2020

R4I – High-risk payment processor EU Paymentz and its US operator

The U.S. citizen Chris Ortega from Austin, Texas, registered the domain www.eupaymentz.com back in 2015. According to Ortega's LinkedIn profile, he has been the director and owner of the Delaware company EU Paymentz, LLC since January 2020. However, on the payment processor's website, Sofia, Bulgaria, is presented as the registered office address. There Ortega has also registered Bitronum Ltd. He also owns JC Velecom, LCC, another Delaware company with connections to Serbia and Eastern Europe. We would like to learn more.
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High-risk payment processor eu paymentzR
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December 15, 2020

R4I – High-risk payment processor EU Paymentz and its US operator

The U.S. citizen Chris Ortega from Austin, Texas, registered the domain www.eupaymentz.com back in 2015. According to Ortega's LinkedIn profile, he has been the director and owner of the Delaware company EU Paymentz, LLC since January 2020. However, on the payment processor's website, Sofia, Bulgaria, is presented as the registered office address. There Ortega has also registered Bitronum Ltd. He also owns JC Velecom, LCC, another Delaware company with connections to Serbia and Eastern Europe. We would like to learn more.
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