Kryptova Biz Ltd d/b/a Kryptova is an unregulated crypto-focused high-risk payment processor established in October 2021 by the Indian citizen Chhavi Mishra. FinTelegram has exposed Kryptova as a scam facilitating payment processor times and again. Recently, the company appointed the Panamese Manuel Jose La Serna as a Director and registered a new controlling entity – Kryptova Biz LLC on the Island of Nevis; this is where Paypound‘s parent company resides. We believe that the very same people control them.
Key data
| Brand | Kryptova |
| Domains | www.kryptova.biz www.kryptova.global |
| Business segment | high-risk payment processor and crypto payments |
| Legal entity | Kryptova Biz Ltd (UK) |
| Related legal entity | Kryptova Biz Llc (Island of Nevis) |
| Related individual | Manuel Jose La Serna (Panama) Chhavi Mishra (India) Ola Daniel (US) Oluwole Ogunlade (Nigeria) Varun Malhotra (India) Harshit Verma (India) Paul Walker (UK) |
| Jurisdiction | United Kingdom |
| Regulated | no |
| PayRate42 rating | Red (Link) |
| Social media | LinkedIn, Facebook |
| Related brands | Paypound, NeoBanQ |
The Short Narrative
Kryptova is a high-risk payment processor offering international merchants a crypto-based credit card payment solution. Moreover, it provides a white-label crypto payment solution for PSPs. In our understanding, Kryptova also allows its merchants to accept credit card payments processed through cryptocurrencies. This payment approach is currently in vogue among scams because it disguises the nature of the transaction and makes it difficult to track.
Kryptova‘s appearance is strikingly reminiscent of the infamous and collapsed iPayTotal, an Indian venture operated via UK entities. Even the color scheme of the website looks like an iPayTotal successor.
We’ve discovered US-based Ola Daniel (LinkedIn) as one of the people behind Kryptova. He is linked to the payment processor on LinkedIn and is listed as a contact on the Facebook page. The former iPayTotal director Oluwole Ogunlade (LinkedIn) is also connected.
The Stealth Mode Approach
The Kryptova payment platform has been developed by a team of IT experts offering a wide range of IT and data services through the same legal entity in the UK, Kryptova Biz Ltd, and the website www.kryptova.global. We suspect that this is an Indian venture. This may or may not be a correct assumption. Both websites do not have imprints and give no information about the operators. Stealth mode is illegal and unacceptable for financial service providers.
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If you have any information about Kryptova and its operators, please share it with us through our whistleblower system, Whistle42.
