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Tag: Ana Raquel Ortoga Arauz

Merchant Alert: UK Entities Of High-Risk Payment Processors Kryptova And Bitmatix Dissolved!

High-risk payment processors Ben -
FinTelegram has already reported that the UK entities behind the high-risk payment processors, Kryptova, Bitmatix, and Paypound are in the process of being dissolved. The UK Companies House announced that the companies cease to exist via voluntary strike-off as of April 18, 2023. They belong to the network of notorious Indian payment veteran Ruchi Rathor. Merchants should take the best care of their money and avoid black-listed Kryptova, Bitmatix, and Paypound.

High-Risk Payment Processors Kryptova And Paypound Finally Escaped To Nevis!

High-risk payment processors Ben -
Now it's official! The two high-risk payment processor schemata Kryptova and Paypound from the environment of the notorious Indian payment veteran Ruchi Rathor are officially operated via the offshore company Next Ring LLC in Nevis. Until recently, the two UK-registered companies, Kryptova Biz Ltd and Self Pay IO Ltd, were the official operators. These are now in the process of voluntary strike-off. The new Nevis address is included in the Offshore Leaks Database.

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

High-risk payment processors Ben -
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!

Merchant warning! Be aware of the risks with scam-facilitator Paypound!

High-risk payment processors Ben -
Sometime in the first half of 2021, the unregulated high-risk payment processor Paypound appeared on our radar. After the infamous iPayTotal collapsed and disappeared. There are rumors that former iPayTotal people made Paypound. Paypound is shabby. The first operator was dissolved via compulsory strike-off; the payment processor massively facilitates broker scams. We recommend merchants to be super-cautious with Paypound.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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