In March 2022, the Estonian FIU forced Russian-controlled Garantex Europe OÜ d/b/a Garantex to surrender its crypto license due to money laundering issues with Russia. However, many other FIU-licensed crypto payment processors controlled by Russians engage in illegal activities. One is the notorious scam facilitator and merchant service provider Payeer OÜ d/b/a Payeer, which apparently makes most of its transactions with customers from Russia, Belarus, and Ukraine to date. Payeer is also notorious as a scam facilitator.
Currently, the high-risk payment processor OpenUp.Finance is experiencing problems. Existing and former employees have contacted FinTelegram and provided insider information. We have thus been...
OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark and owned by Chestnut Investments Lda in Portugal. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions. We published a whistleblower request a few weeks ago, and a former employee confirmed that OpenUp is related to the Indian-British iPayTotal Group and its co-founder Ruchi Rathor. He offered additional intel for money.
Paris-based paytech startup Hero has raised €12.4 million in a funding round led by Paua Ventures and Embedded/Capital alongside Rapyd Ventures. A host of fintech angels and operators also participated. Hero is specifically targeting B2B SMEs with its innovative product.
