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Merchant Alert: High-Risk Payment Processors Kryptova, Paypound, and BitMatix About To Vanish?

Merchant alert against Kryptova Paypound and Bitmatix
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On January 23, 2023, a deletion request was submitted for the three companies Kryptova Biz Ltd d/b/a Kryptova, Self Pay IO Ltd d/b/a Paypound, and Bitmatix IO Ltd d/b/a Bitmatix. These high-risk payment processors are part of the network of Indian payment entrepreneur Ruchi Rathor and her family. In recent weeks, many complaints have been made, especially on LinkedIn, about these high-risk payment processors. The websites are online!

Short Update

Kryptova strike-off application
Kryptova strike-off application

The Bitmatix website also states a Bitmatix ,Inc as the operator. However, we have not found this company. Otherwise, all three websites still show the UK-registered companies as operators. We do not know whether these high-risk payment processors will now close and disappear. The danger is given in any case. Merchants should be very alarmed.

Merchants and other creditors who have receivables should register them with the registrar.

The infamous iPayTotal also received a strike-off request from the company in 2020. Then creditors objected to it, and a court opened insolvency. It turned out that the company had no assets, accounting was non-existent, and creditors filed millions in claims.

Key Data

Trading stylesBitMatix, Kryptova, Paypound,
Related schemesOpenUp, PayStudio, iPayTotal
RaiseMoney, Payomatix, CryptoMatix,
Business activityHigh-risk payment processor
Company formation
Investments
Domainshttps://kryptova.biz
https://paypound.ltd
https://bitmatix.io
Social mediaLinkedIn
Legal entities
Bitmatix IO Ltd (strike-off application)
Kryptova Biz Ltd (strike-off application)
Kryptova Biz Llc
Self Pay IO Ltd (strike-off application)
Next Ring Llc
JurisdictionUnited Kingdom, Island of Nevis
Related individualsRuchi Rathor (iPayTotal co-founder)
Yuvraj Singh
Ana Raquel Ortega Arauz
Manuel Jose La Serna
PayCom42 ratingBlack Compliance (profile on PayRate42)
AuthorizationNo

Share Information

If you have any information about Kryptova, Paypound, Bitmatix, their operators, and facilitators, please let us know via our whistleblower system, Whistle42.

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