BitMatix is a high-risk payment processor and a successor of the collapsed iPayTotal. In Nov 2020, a UK court ordered iPayTotal Ltd to go into insolvency and liquidation. Many millions disappeared in the collapse of the British-Indian high-risk payment scheme, whose beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor, and Anurag Pratap Singh.
BitMatix is just one of the iPayTotal successor schemes. There is also CryptoMatix, PayoMatix, Kryptova, OpenUp, and PayStudio. According to our information, Yuvraj Singh, the future son-in-law of Ruchi Rathor, is the co-mastermind behind these new schemes.
BitMatix is operated through UK-registered Bitmatix IO Ltd and India-registered Bitmatix IO Pvt Limited (formerly iPayTotal Pvt Ltd). Yuvraj Singh, an Indian, is installed as the director and owner of the UK entity. The directors of the Indian company are Ruchi Rathi and Anurag Pratap Singh. The latter is being sought by the liquidators of iPayTotal Ltd to answer open questions surrounding the missing funds and assets.