Overview
Following the collapse of the high-risk payment processor iPayTotal, a range of successor ventures has emerged. These businesses, including Paypound, Payomatix, Cryptomatix, and Kryptova, appear to maintain connections to iPayTotal’s co-founder, Ruchi Rathor. Despite the insolvency of the original companies, affiliated ventures remain active in various markets, with operations spanning multiple countries.
Connected Brands and Domains
Several brands are repeatedly linked to this network, each utilizing multiple domains:
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iPayTotal: Operates under domains such as www.ipaytotal.com, www.ipaytotal.global, www.ipaytotal.solutions, and www.ipaytotal.group.
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Cryptomatix: Active at www.cryptomatix.io.
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Kryptova: Known to use www.kryptova.biz and www.kryptova.global.
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Payomatix: Present online via www.payomatix.com.
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OctaPay: Previously associated with websites like www.octapay.net, www.octapay.tech, www.octaypay.fund, and www.octapay.com.br.
These brands have been observed in the context of high-risk payment processing, often targeting niche and underserved segments.
Associated Legal Entities
The corporate entities linked to these ventures span several jurisdictions:
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In the United Kingdom, iPayTotal Ltd and iPaySolutions Ltd both entered insolvency proceedings.
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IPT – Solutions PT operates in Portugal, while iPayTotal UÜ is registered in Estonia.
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Lithuania is home to iPayTotal Group UAB, and the United States lists iPayTotal LLC in Delaware.
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In India, the network includes iPayTotal Pvt Ltd and Payomatix Technologies Pvt Ltd.
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Additional associated entities include Kryptova Biz Ltd and Self Pay IO Ltd, both UK-based.
Notable Individuals
These ventures involve a wide network of professionals from multiple regions. Individuals frequently linked to the companies include:
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Ruchi Rathor (India),
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Madhumita Singh (UK),
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Anurag Pratap Singh and Anirudh Pratap Singh Rathor (India),
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Aditya Williams, Sen Kugan, Chhavi Mishra, Varun Malhotra, and Harshit Verma (India),
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Ola Daniel (USA), Oluwole Ogunlade (Nigeria), and
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Paul Walker (UK).
Ruchi Rathor has publicly identified herself as an investor and co-founder in several of these companies.
Operational Structure and Activities
Rathor, along with close associates such as Anurag Pratap Singh and Anirudh Pratap Singh Rathor, appears to maintain relationships with payment providers and financial firms in Africa and other regions. Operations are often carried out using companies incorporated in different jurisdictions, providing flexibility and reach.
On LinkedIn, Rathor lists herself as a co-founder of iPayTotal, CryptoMatix, and Payomatix, and also identifies as an angel investor in financial technology companies. During the iPayTotal period, she was reported to reside in the UK, though her profile now lists Delhi, India, as her current location. She has also used the alias “Rebecca Baker” in professional contexts.
Current Activities: Focus on Payomatix
Among the newer ventures, Payomatix has gained visibility with plans to expand within India’s payment processing landscape. Marketing materials suggest a strong focus on innovation in financial technology, though the company inherits the same leadership and structural similarities seen in the earlier ventures.
Reports indicate that branding and communications in past projects relied heavily on fictitious identities and unverified online personas to project legitimacy.
Technology Base
The technological development and infrastructure for these ventures are reportedly centered in India and Portugal, where several of the connected companies are registered. This dual-location model may support both cost efficiency and regulatory adaptability.
Merchant Advisory
Based on available information and prior appearances of some of these processors in broker-related schemes, Scam-or Project recommends that merchants perform detailed background checks when considering cooperation with any business associated with this group. Entities such as Kryptova and Paypound have been repeatedly linked to questionable activities in the high-risk payment space.
Share Information
Anyone with relevant insights or evidence regarding these ventures is encouraged to use the confidential whistleblower platform on our website to report information safely.