Tag: Varun Malhotra

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January 11, 2023

Merchant Alert: High-Risk Payment Processor Kryptova About to Vanish?

Kryptova Biz Ltd d/b/a Kryptova (www.kryptova.biz) is or was an unregulated crypto-focused high-risk payment processor. The company was established in October 2021 by the Indian citizen Chhavi Mishra and is controlled via an offshore entity on the Isle of Nevis. We suspect that Kryptova is part of the network of Indian-British payment veteran Ruchi Rathor. Currently, one of Kryptova's websites has gone offline, and a first notice for a compulsory strike-off is registered at the UK Companies House.
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Kryptova appoints Manuel Jose La Serna as directorH
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July 12, 2022

High-Risk Payment Processor Kryptova With New Director And Controlling Entity

Kryptova Biz Ltd d/b/a Kryptova is an unregulated crypto-focused high-risk payment processor established in October 2021 by the Indian citizen Chhavi Mishra. FinTelegram has exposed Kryptova as a scam facilitating payment processor times and again. Recently, the company appointed the Panamese Manuel Jose La Serna as a Director and registered a new controlling entity - Kryptova Biz LLC on the Island of Nevis; this is where Paypound's parent company resides. We believe that the very same people control them.
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iPayTotal collapse and the missing millionsW
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May 30, 2022

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

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.
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Ruchi Rathor and her iPayTotal Network of high-risk payment processorsR
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February 21, 2022

Ruchi Rathor, collapsed iPayTotal and the new high-risk payment processors!

It seems that the former people around the collapsed high-risk payment processor iPayTotal have developted a vast network of successor companies. Initially, OctaPay was a successor but since vanished again. Currently, Paypound and Payomatix and the crypto payment processors Cryptomatix and Kryptova are associated with Indian-British iPayTotal co-founder Ruchi Rathor. iPayTotal is active as a fintech software provider through companies in India and Portugal. Ruchi Rathor is still one of the driving forces behind these high-risk payment ventures with close African ties.
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