OpenPayd | FinTelegram News

OpenPayd Founder Ozan Ozerk – Visionary Fintech Founder or High-Risk Enabler?

Illegal Payment Services tamir - March 29, 2025

Ozan Ozerk is often portrayed in the media—most recently in a flattering Türkiye Today profile—as a visionary Turkish entrepreneur reshaping global finance through his fintech ventures, most notably OpenPayd, EMBank, and Ozan Elektronik Para. But as regulatory actions mount and his companies increasingly surface in investigations tied to high-risk payments, scam facilitation, and money laundering,

OpenPayd Faces Regulatory Trouble in Malta After Investor Compensation Ruling!

Compliance tamir - March 28, 2025

OpenPayd, a Malta-licensed payment institution long flagged by FinTelegram for its involvement in facilitating high-risk transactions and supporting scam-related financial infrastructure, has now been officially held liable by Malta’s Financial Arbiter. The ruling follows an investigation into a case in which an elderly woman was aggressively manipulated by fraudsters and lost her investment through an account operated via OpenPayd’s virtual IBAN infrastructure.

Introducing Offshore CySEC-Regulated Errante And Its Offshore Activities!

CySEC tamir - February 1, 2023

Errante is the trading name of the investment company Notely Trading Ltd, which CySEC regulates with license number 383/20. Errante also operates two offshore mutations via Errante Trading LLC, St. Vincent & The Grenadines, and Errante Securities (Seychelles) Ltd, regulated by the FSA Seychelles. For unknown reasons, the Seychelles mutation switched the domain Errante.com to Errante-Global.com in December 2022. Here is our initial review.

Offshore Broker LQDFX Facilitated By Confirmo And PayRedeem!

High-risk payment processors Ben - December 23, 2022

Offshore broker LQDFX has been on our radar for about two years now. The founder is the well-known fintech entrepreneur Ozan Ozerk a/k/a Ozan Özerk, who founded several regulated companies in the UK, Lithuania, and other EEA jurisdictions such as OpenPayd or EuroTrader. The UK FCA has recently issued a warning against the offshore broker LQDFX, violating the EEA regimes' regulatory requirements. The offshore broker is facilitated by the crypto payment processor Confirmo. It also accepts payment cards issued by PayRedeem.

Introducing The New Giftcard Platform Giftbull In The Ozan Ozerk Environment!

Fintech Ben - November 27, 2022

According to their website, Giftbull is a brand new UK-based e-gift card and voucher platform providing access to hundreds of e-gift cards and vouchers from popular brands worldwide. Giftbull is operated through Giftbull UK Limited, where Ferdi Ozkurnaz, a Cypriot, is a director. The company is connected to Ozan Ozerk through Secure Processing Holding Ltd, registered in Cyprus. In both companies, his confidant Ferdi Ozkurnaz, a/k/a Ferdi Özkurnaz, serves as a director.

Turkey-Focused Eurotrader Group Appoints Ben Swann As Chief Technology Officer

Job Movements tamir - November 1, 2022

CySEC-regulated multi-asset broker Eurotrader Group has appointed Ben Swann as its new Chief Technology Officer. Before joining Eurotrader, he built and managed several retail trading platforms, including City Index, Gain Capital, and MF Global. Eurotrader was founded by Ozan Ozerk, who is also the founder of FCA-regulated Banking-as-a-Service (BaaS) platform operator OpenPayd and the Lithuanian European Merchant Bank (EMBank).

Israeli Social Investment Platform eToro Partners With Ozan Ozerk’s OpenPayd!

Fintech Ben - September 29, 2022

The Israeli social investment platform eToro has partnered with OpenPayd, a banking-as-a-service (BaaS) infrastructure provider enabling eToro, to issue Euro virtual IBANs, unique to each of its customers, and gives eToro access to SEPA Instant rails for the first time. The solution is currently available in 12 countries and is being rolled out across Europe. eToro’s customers can now make deposits and withdrawals from their eToro Money accounts quickly and securely.

EuroTrader Update – Ozan Ozerk, Soteris Georgiou, domains, and legal entities

CySEC tamir - April 12, 2021

We have brought a first report on the activities of brokers brands EuroTrader and LQDFX some ago. The EuroTrader group is regulated by CySEC for its activities in the EU. However, besides that, the group operates offshore mutations via entities in the Marshall Islands and South Africa. The FinTech emperor Ozan Ozerk controls both EuroTrader and the unregulated LQDFX. The British accountant Soteris Georgiou is also registered as Ozerk's long-time partner and accountant as the offshore entities' beneficial owner. Here is an update.

GNI Leaks – Introducing high-risk payment processor group EMP CORP

European FinTech Ecosphere tamir - February 6, 2021

FinTech entrepreneur Ozan Ozerk is a remarkable man. Hee has spent the last 10 years building a FinTech empire around Akce Group that ranges from the Lithuanian-registered European Merchant Bank to the FCA-regulated OpenPayd Group. He has also established processing gift card and voucher companies to process payment transactions of gambling, betting, lotteries, and online casinos for EMP CORP. We have started with the research of EMP CORP. Here is the first part of our reports.

R4I – The AKCE Group, European Merchant Bank, and OpenPayd Group

European FinTech Ecosphere tamir - November 13, 2020

The FinTech entrepreneur Ozan Ozerk was born in Nicosia, Northern Cyprus. He moved to Norway. His father is a professor at the University of Oslo's Department of Education and his mother is a senior advisor at an institution specializing in children with learning disabilities. Ozerk is the beneficial owner of the Akce Group and a number of regulated and unregulated FinTech companies in Lithuania, Cyprus, Malta, and the UK. We would like to know more about Akce Group, OpenPayd Group, and its network.

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