Last updated - September 19, 2025

High Risk

i
1.8

0

User Score

1.7

Trust Score

1.6

Brand Score

OVERVIEW

About Lanistar

Lanistar is a UK-based fintech company founded in 2019, offering a digital banking alternative that consolidates multiple cards into a single account. The platform provides virtual cards compatible with Google Pay and supports regional payment solutions like PIX and Boleto in Brazil....

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CONTACT INFORMATION

Facebook
@lanistarbet
Instagram
@lanistar
Twitter
@lanistar
Telegram
@lanistarbet
LinkedIn
Lanistar
Contact No
+15852528266

FINANCIAL RISK AUDIT

For Consumers
For Consumers

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.

For Employees
For Employees

High Risk

Based on the available data, we recommend that employees exercise extreme caution or reconsider association with this Company.

This advisory stems from an aggregate risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.

You are likely to face significant risks by pursuing or maintaining employment with this entity.

For Banks & Investors
For Banks & Investors

High Risk

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.

ASSESSMENT OUTCOME
  • Safe to Onboard

  • Enhanced Due Diligence required

  • Do Not Onboard

RECOMMENDATIONS
  • Monitor adverse media every 6 months

  • File SAR (Suspicious Activity Report) is warranted

  • Escalation to compliance committee

  • None

Do you agree with this our assessment on Lanistar?

OSINT DATA POINT

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Owner

Gurhan Kiziloz
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CFO

Bill Suglani
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Founded

2019
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Jurisdiction

United Kingdom
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Location

London
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Category

FinTech
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Revenue

£6.6 million
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Bankruptcy

Liquidation Dismissed
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Compliance

FCA warnings
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Lawsuit Details

Employment Tribunal
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Employee Count

71
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Funding Raised

£15 Million
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Target Valuation

£1 Billion
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Key Partnerships

Mastercard Modulr
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Main Product

Virtual Card
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Launch Status

Multiple Delays
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Layoff Event

2021 Layoffs
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Market Pivot

Brazil Gaming
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Gaming License

SIGAP Brazil
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Debt Amount

£17 Million
Load More

ENTERPRISE RISK ASSESSMENT (ERA)

Yes, in November 2020, the FCA warned that Lanistar was offering financial services without authorization, suggesting it might be a scam.

Yes, the FCA withdrew the warning after Lanistar agreed to add appropriate disclaimers to its marketing materials

Yes, Lanistar’s influencer-led marketing campaign was criticized for lacking transparency and potentially misleading consumers.

Yes, the ASA investigated Lanistar following complaints about its advertising practices.

Yes, filings indicated that Lanistar is majority-owned by Kiziloz’s father, raising transparency concerns.

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AML and KYC Assessment

Regulatory and Compliance Screening

  • Sanctions Matches
  • Yes
  • No
  • Unclear
  • PEP Status
  • Yes
  • No
  • Unclear
  • Watchlist: (Interpol, EU, UN, OFAC, etc).
  • Yes
  • No
  • Unclear
  • Law Enforcement Mentions
  • Yes
  • No
  • Unclear

Litigation and Legal Proceedings

  • Criminal Proceedings
  • Yes
  • No
  • Unclear
  • Regulatory Enforcement Actions: [SEC, FCA, SEBI, etc.]
  • Yes
  • No
  • Unclear
  • Ongoing Investigations
  • Yes
  • No
  • Unclear
  • Reputational and Adv
  • Yes
  • No
  • Unclear

Reputational and Adverse Media Risks

  • Negative Media Mentions
  • Yes
  • No
  • Unclear
  • Allegations / Scandals
  • Yes
  • No
  • Unclear
  • Social Media Red Flags
  • Yes
  • No
  • Unclear
  • Censorship Attempts [PR, Takedowns, DMCA Abuse, etc.]
  • Yes
  • No
  • Unclear

Geographic and Jurisdictional Risk

  • Country Risk Level
  • Yes
  • No
  • Unclear
  • High-Risk Sections [Crypto, Gambling, Arms, etc.]
  • Yes
  • No
  • Unclear
  • Offshore Jurisdictions Used [Panama, BVI, Cyprus, etc.]
  • Yes
  • No
  • Unclear

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RED FLAGS AND ADVERSE NEWS

coming

cnbc.com

Visit Link

The article reports that the UK financial regulator (FCA) issued a warning to Lanistar, a fintech startup heavily promoted on Instagram.

  • First Detected

    19/11/2020
  • Sentiment Analysis

    Negative
  • Reach

    >1000
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    Regulatory
  • Traffic Source

    Website
  • SERP

    Top 10
  • Share of Voice

    40%
  • Primary Keyword

    Scam
coming

fintechfutures.com

Visit Link

Lanistar has drawn scrutiny from the UK Advertising Standards Authority over its influencer campaign, after the FCA warned that the company.

  • First Detected

    27/11/2020
  • Sentiment Analysis

    Negative
  • Reach

    <100
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    Regulatory
  • Traffic Source

    Website
  • SERP

    Top 30
  • Share of Voice

    10%
  • Primary Keyword

    Investigation
coming

fintech.global

Visit Link

The article says Lanistar has fired dozens of support staff and is dealing with delays in wage payments to employees.

  • First Detected

    02/02/2021
  • Sentiment Analysis

    Negative
  • Reach

    >1000
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    News
  • Traffic Source

    Website
  • SERP

    Top 10
  • Share of Voice

    20%
  • Primary Keyword

    Complaint
coming

businessinsider.com

Visit Link

Lanistar was warned by the UK’s Financial Conduct Authority (FCA) for promoting a debit-card fintech startup without proper authorization.

  • First Detected

    20/11/2020
  • Sentiment Analysis

    Negative
  • Reach

    >1000
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    News
  • Traffic Source

    Website
  • SERP

    Top 10
  • Share of Voice

    40%
  • Primary Keyword

    Scam

Other Red-Flags and Adverse News

redflag
2021 Lanistar secures FCA approval less than six months after regulatory warning
redflag
2020 The FCA issued a consumer warning against Lanistar on 18 November 2020 after ...
redflag
2025 The Trustpilot reviews for Lanistar.com show strong user distrust one review ...
redflag
2025 Lanistar Limited a compulsory liquidation petition was filed against the comp...

Financial Profile for Lanistar

Do you want to unlock a detailed Risk Assessment and audit report for Lanistar?

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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]

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  • Suspicious Transactions

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  • Liabilities: [Bankruptcies, defaults, debts]

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  • Wealth Sources: [Legitimate / Unclear / High-risk]

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  • Bank Relationships

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  • Bank Relationships

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  • Ultimate Beneficial Owner(s) (UBOs)

    greentick
  • Shareholding structure

    greentick
  • Associated entities & subsidiaries

    greentick
  • Offshore / shell company links

    greentick
  • Trusts / Nominee arrangements

    greentick
  • Business Model Assessment

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Consumer Reviews and Ratings for
Lanistar

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.

User Rating for Lanistar

Lanistar is a UK-based fintech company founded in 2019, offering a digital banking alternative that consolidates multiple cards into a single account. The platform provides virtual cards compatible with Google Pay and supports regional payment solutions like PIX and Boleto in Brazil....

USER’S SCORE

0

Trust

0

Safety

0

Brand

0

Risk

0

Pros

  • greentick

    Highly experienced

  • greentick

    Well-recognized name

Cons

  • redcros

    Faced allegations of scamming others

  • redcros

    Allegedly sold fake silver

  • redcros

    Sued multiple times

  • redcros

    Unregulated industry

  • redcros

    Alarming number of complaints online

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