The two crypto payment processors, Koinal and Bitpace were operated by the then FCA-regulated SG Veteris Limited until 2020. This was controlled by FinTech entrepreneur Ozan Ozerk until 2018. Since then, Ozerk’s partner, Ahmet Cemal Dedeoglu, has officially been the controlling person. Today, the two crypto payment processors are currently operated by SG Veteris Europe EOOD in Bulgaria and SG Veteris Lithuania UAB in Lithuania. Most of the business is apparently likely to be done in Turkey.
Key Data
| Trading names | Koinal Bitpace |
| Business activities | Crypto payment processors |
| Domains | www.koinal.io www.bitpace.com |
| Legal entities | SG Veteris Limited, UK SG Veteris Europe EOOD, Bulgaria SG Veteris Lithuania UAB, Lithuania SG Veteris Holdings Limited, Cyprus |
| Jurisdictions | Bulgaria, Lithuania, Cyprus |
| Regulation | SG Veteris Europe EOOD is registered as a crypto asset business at the National Revenue Agency (NRA) in Bulgaria |
| Related individuals | Ozan Ozerk (LinkedIn) Ahmet Cemal Dedeoglu (LinkedIn) |
Short Narrative
Fintech entrepreneur Ozan Ozerk is the founder of the SG Veteris Group. He is also the founder of OpenPayd Group. Ozerk’s fintech empire includes the European Merchant Bank (EMBank) in Lithuania, the Akce Group in Malta, Ozan Ödeme Hizmetleri ve Elektronik Para AŞ in Turkey, and several FCA-regulated institutions in the UK. He is also the beneficial owner of the CySEC-regulated Eurotrade Investments RGB Ltd with the two forex broker brands EuroTrader and eurocapital.
Currently, the SG Veteris Group is controlled by Ahmet Cemal Dedeoglu, a partner and close confidant of Ozerk. He is also the Vice Chairman Of The Board at Ozan SuperApp in Turkey, another fintech project of Ozan Ozerk.
According to the latest Similarweb statistics, almost half of the approximately 25,000 visitors to the Koinal website in recent months came from Turkey. This suggests that the crypto payment processor handles most payment transactions with Turks or Turkish merchants. In Turkey, Ozan Ozerk has the best online gambling and casino connections.
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