Marked as
Published - December 24, 2025
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IPT Solutions PT is a Portugal-registered fintech company that serves as a successor entity to the collapsed high-risk payment processor iPayTotal, operating platforms like CryptoMatix, Payomatix, and Kryptova. It is owned and controlled by the same individuals, including Ruchi Rathor, Anurag Pratap Singh, Anirudh Pratap Singh Rathor. While no direct missing funds are attributed to IPT Solutions PT itself.
Founder
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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IPT Solutions PT, a Portuguese entity, is linked to the iPayTotal group through shared founders Ruchi Rathor, Anurag Pratap Singh, and Anirudh Pratap Singh Rathor, who used it to establish new processors amid iPayTotal’s insolvency.
Allegations point to millions disappearing from iPayTotal, with IPT Solutions PT serving as a vehicle for successors like PayoMatix & CryptoMatix, potentially perpetuating similar schemes. Liquidators reported 0 assets for distribution despite substantial creditor claims.
Directors linked to IPT Solutions PT, including Anurag Pratap Singh, failed to cooperate with UK liquidators, ignoring court-ordered examinations and vanishing, which tarnishes the entity’s image. This evasion prompted public calls for whistleblower tips via platforms.
Key figures associated with IPT Solutions PT, such as Ruchi Rathor and Sen Kugan, deleted LinkedIn profiles amid the iPayTotal collapse, indicating attempts to obscure professional histories. Other managers followed suit, deleting online presences.
IPT Solutions PT facilitated the creation of crypto-focused entities like CryptoMatix and Kryptova, mirroring the high-risk model of the collapsed iPayTotal group. These ventures target volatile sectors, raising scandals over potential fraud given the predecessors’ history of unmet obligations.
Through its ties to iPayTotal’s international entities in Estonia, Lithuania, and the UK, IPT Solutions PT faces indirect scrutiny from insolvencies and ongoing liquidator probes. The group’s relocation tactics and active operations in India and Portugal amid UK collapses suggest regulatory evasion strategies.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
This FinTelegram investigative article exposes the 2021 collapse of high-risk payment processor iPayTotal, where millions in merchant funds vanished .
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This January 2022 FinTelegram article reports that, following the UK insolvencies of iPayTotal entities, the business has been rebranded and continues
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.4
2.2
1.8
3
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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I personally see too many warning signs, from poor consumer feedback to high-risk connections. For me, it’s not worth the risk to engage financially or professionally. I prefer transparent, regulated, and trustworthy service providers.
1/5
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3/5
After reviewing what I could find, I feel their operations are too risky to consider. The low trust and safety indicators make me doubt their reliability. I wouldn’t recommend them to colleagues or friends.
Feels risky giving any money or crypto to a company with that background.
If I had a crypto wallet, I’d lock it before dealing with these guys.
If a company has a high risk for consumers and banks, I’m not just gonna ignore that — better safe than sorry.
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