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Tag: Anirudh Pratap Shing Rathor

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.

Merchant Alert: High-Risk Payment Processor BitMatix Applied For Voluntary Strike-Off!

High-risk payment processors tamir -
The high-risk payment processor BitMatix is part of Ruchi Rathor's network and is operated by her son-in-law Yuvraj Singh. Until recently, BitMatix IO Ltd in the UK was listed as the operator. On January 23, 2023, a voluntary strike-off request was filed by the company. As with the other UK companies in the network, Kryptova, and Paypound. The BitMatix website now states a BitMatix Inc. as the operator. We have not been able to find this company and advise merchants to be super-cautious.

Really? Payomatix Founder Ruchi Rathor Launched The RaiseMoney Initiative!

Bankruptcies Ben -
High-risk processor Payomatix is one of the many payment ventures of the notorious British-Indian Ruchi Rathor, the mastermind behind the collapsed payment scheme iPayTotal scheme. Just recently, Rathor launched the RaiseMoney initiative, an online community assisting entrepreneurs and investors in their early-stage financing. The legal entity behind this new scheme is Payomatix Technologies Pvt Limited, a company black-rated on PayRate42. We advise merchants and investors to be super-cautious!

Merchant Alert: New High-Risk Payment Processor BizzBusters Ante Portas!

High-risk payment processors tamir -
BizzBusters Ltd was a UK-registered company founded in 2012 by Indian Anurag Pratap Singh, the husband of British-Indian high-risk payment scammer Ruchi Rathor. The company was dissolved in 2016 via a compulsory strike-off and has disappeared. According to whistleblower information, BizzBusters is now to be revived via an Indian company. The mastermind behind the BizzBusters project would be Ruchi Rathor's son-in-law, Yuvraj Singh, and his brother Swaraj Singh.

Merchant Warning: Ruchi Rathor’s Black-Rated Indian Payomatix Solicits Gambling Operators!

High-risk payment processors Ben -
The high-risk processor Payomatix is one of the many payment ventures of the notorious British-Indian Ruchi Rathor, the mastermind behind the collapsed payment scheme iPayTotal scheme. The scheme’s UK entity went into insolvency with creditor claims totaling about GBP 1.1M (report here). On LinkedIn, Payomatix is currently soliciting gambling operators that plan to address the Indian market. Payomatix is black-rated on PayRate42. We advise merchants to be super-cautious!

Warning Against BitMatix High-Risk Payment Processor!

High-risk payment processors Ben -
iPaytotal was a notorious Indo-British high-risk payment processor that was primarily involved in scams and cybercrime activities. FinTelegram has exposed iPayTotal as a facilitator in dozens of scams. In Nov 2020, iPayTotal Ltd in the UK was ordered by the court to go into insolvency and liquidation. Many millions disappeared in the process. The beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor, and Anurag Pratap Singh. They are currently operating a number of successor schemes through their companies in India and the UK. BitMatix is just one of them.

Wanted! The Missing Millions Of Collapsed High-Risk Payment Processor iPayTotal!

Illegal Payment Services Ben -
The court-appointed Joint Liquidators submitted a progress report in Feb 2022 providing a sense of the scale of the iPayTotal disaster while outlining how these high-risk payment processors operate. The liquidators identified 13 creditors but only seven reported claims totaling about GBP 1.1 million. These are likely to be the merchants who wanted to receive their payments through iPayTotal. iPayTotal Ltd was just one of many legal entities in the vanished group. So we can assume that the damage to the merchants is actually many times higher. Many millions have disappeared.

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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