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OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark. According to the company register data, Chestnut Investments Lda in Portugal owns the Danish entity. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions in the United Kingdom, India, or Nigeria. We have received credible information that OpenUp may be related to the Indian-British iPayTotal Group and would like to learn more.
Key Data
| Trading style | OpenUp |
| Business activity | High-risk payment processor Company formation Investments |
| Domain | https://openup.finance |
| Legal entities | Openup Consulting Services AsP Chestnut Investments Lda (parent) |
| Jurisdiction | Denmark, Portugal |
| Related individuals | Svetlana Ivanova Miguel Bruno Nóbrega Gouveia Samuel O (LinkedIn) |
| Contact data | +44 888 718 66151 +44 (800) 776-5193 |
| PayCom42 profile | OpenUp on PayCom42 |
| Authorization | No |
Short Narrative
We know that iPayTotal works with fake LinkedIn and social media accounts, so we must be careful accordingly. We haven’t been able to identify the only OpenUp Direkotrin Svetlana Ivanova on LinkedIn. We cannot confirm the authenticity of the other profiles associated with OpenUp.
Nigerian payment expert Samuel O (LinkedIn) was responsible for Kryptova, a company we could assign to iPayTotal, until March 2022.
OpenUp bills itself as “the future of financial services.” According to a presentation and its website, the payment processor offers
- Merchant accounts with dedicated IBAN, SWIFT access, and card processing services.
- Company formation services, including bank accounts.
- Investment services and funding for innovative startups in the payment sector with financing from $5,000 to $15 million.
The phone numbers provided on the website suggest that the main activities are carried out in the United Kingdom.
On Trustpilot, OpenUp holds a 4.8-star rating based on 50 reviews with a corresponding “Excellent” trust level. However, cyberfinance rating agency Paycom42 has placed OpenUp on its “Orange Compliance” list.
Share Information
Please let us know if you have any information about OpenUp, its operators, and partners. In particular, we would be interested to know if OpenUp is affiliated with iPayTotal Group.
Have they scammed anyone though? I haven’t seen any negative comments just yet.