Tag: Frank Schoonbaert

Wirecard Time Line from Inatec to PayablW
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October 28, 2022

Wirecard Legacy: High-Risk Payment Processor Payabl. And Its Business Model!

While the former Wirecard CEO Markus Braun is waiting for his trial in Germany, the insolvency administrator, Michael Jaffé, is trying to shed light on the scandal and claims damages against the former management and partners. In June 2022, he secured over €220 million from a subsidiary. Meanwhile, high-risk payment processor Payabl, founded and run by former Wirecard top executives, is thriving and promoting itself in an aggressive Wirecard-style on social media.
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Similarweb statistics for payment processor PayablI
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October 7, 2022

Impressive! Payment Processor Payabl Numbers Exploded Powered By Adult Business And Gambling!

The Similarweb September statistics came out and show that the number of visitors to the website of Cypriot-German payment processor Payabl (formerly PowerCash21) increased tenfold in Q3 2022 - from just under 15,000 to almost 140,000. Similarweb says that more than 55% of website traffic has been sourced from porn sites and just under 35% from gambling, betting, and lottery sites. Payabl is thus likely to have replaced the collapsed Wirecard in Germany as the high-risk payment processor, Similarweb suggests!
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From Wirecard to PayablT
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September 21, 2022

The Fight Of Former Wirecard Managers Against FinTelegram!

While new money laundering allegations against the Wirecard scheme put the collapsed German fintech into the limelight again, the business of former Wirecard managers and partners seems to flourish. Around 2010, former Wirecard managers and partners Ruediger Trautmann, Dietmar Knoechelmann, his wife Ayelet Fruchtlander Knoechelmann, together with Frank Schoonbaert, and Nissim Zarfati established Payabl Group (previously PowerCash21). Here is another update!
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Payabl investment KlarpayF
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September 11, 2022

FINMA-Licensed Klarpay Is Focused On Digital Merchants And Influencers!

Klarpay claims to be the first FINMA-licensed Swiss fintech to work exclusively with e-commerce, digital merchants, and social media influencers offering cross-border payment acceptance and remittance solutions, including access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement services. Founded in 2019 by the BDSwiss co-founder Mihkel Vitsur, Klarpay was one of the first Swiss fintech's obtaining a banking license under the news Small Banks Regime. Here is our initial review.
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Wirecard Time Line from Inatec to PayablF
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September 9, 2022

Follow The Wirecard Money! From Ireland To Cyprus!

Most recently, Interpol issued a Red Notice, and law enforcement in Singapore issued an arrest warrant for the former executive of Wirecard Asia, Edo Kurniawan (report here). In Germany, former CEO Markus Braun is awaiting trial in prison and the COO Jan Marsalek is on the run. The fact is that large areas of the Wirecard scheme remain in the dark. FinTelegram is joining its whistleblowers in the search for the missing money and the Wirecard legacy. Here's another update showing the timeline from Inatec to Payabl.
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