In April 2023, records from the UK Companies House confirmed that several firms connected to the payment brands Kryptova, Bitmatix, and Paypound were officially struck off the register following voluntary applications. These entities were part of a group of payment service providers tied to Indian businesswoman Ruchi Rathor.
The strike-off means the companies no longer exist under UK law. Their past activities placed them in the field of high-risk payment services, and observers note that these brands have since been flagged across multiple compliance platforms.
Corporate Structure and Affiliations
|
Category |
Information |
|
Brands |
Kryptova, BitMatix, Paypound |
|
Primary Activity |
Payment processing for high-risk industries |
|
Websites |
bitmatix.io, kryptova.biz |
|
Registered Firms |
BitMatix IO Pvt Ltd (India, earlier iPayTotal Pvt Ltd), BitMatix IO Ltd (UK), BitMatix Inc., Kryptova Biz Ltd (UK), Kryptova Biz LLC (Nevis), Self Pay IO Ltd (UK), Next Ring LLC (Nevis) |
|
Individuals Linked |
Ruchi Rathor, Anurag Pratap Singh, Anirudh Pratap Singh Rathor, Yuvraj Singh, Chhavi Mishra, Ana Raquel Ortega Arauz, Manuel Jose La Serna |
|
Other Schemes |
CryptoMatix, PayoMatix, PayStudio, Pay Agency, OpenUp, iPayTotal |
|
Compliance Ratings |
All three brands listed with “Black Compliance” status on PayRate42 https://listings.ratex42.com/listings/kryptova/ |
Background
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Bitmatix, Kryptova, and Paypound emerged after the decline of iPayTotal, which previously provided similar services. Other related names include CryptoMatix, Payomatix, and PayStudio.
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Current operations indicate that Kryptova and Paypound are handled through offshore registrations in Nevis under Kryptova Biz LLC and Next Ring LLC.
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The UK entity Bitmatix IO Ltd has been struck off, while the official website went offline on April 12, 2023. It is not confirmed whether the suspension is permanent.
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In India, Bitmatix IO Pvt Ltd (earlier iPayTotal Pvt Ltd) was run by Ruchi Rathor and Anurag Pratap Singh, while in the UK, Yuvraj Singh, related to Rathor by family ties, acted as director.
Investigations around iPayTotal Ltd remain unresolved. The liquidators reported no available assets, with creditor claims surpassing GBP 1.1 million.
Call for Information
The Scam-Or Project invites those with knowledge regarding Kryptova, Bitmatix, Paypound, or other companies in the same network to share details through our platform. Submissions can be made confidentially.