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PayRate42 Reviewed Indian High-Risk Payment Processor Finvert IO LLC: Red Compliance Rating!

PayRate42 recently mounted Indian high-risk payment processor Finvert IO LLC on its Red Compliance list. The cyberrating agency says that its has received information proving that Finvert IO is another project from the team of notorious Indian high-risk payment veteran Ruchi Rathor. This is also supported by the Nevis location, where Rathor most recently based her companies.
PayRate42 included Finvert IO LLC in its Red Compliance list

Finvert (Finvert.io) operates without regulatory permission, leading to compliance and consumer protection concerns. The fact that the Finvert website (finvert.io) is inaccessible from some locations due to a certificate error is also not conducive to trust. 

The company’s management team details are not transparent, and there are allegations linking Ruchi Rathor to Finvert, which need further investigation. Although Finvert lists five employees on LinkedIn, their profiles seem questionable.

One employee, Daniel Olulade, is also associated with Kryptova, a crypto company linked to Rathor. Whistleblower information has named Adithya Guptha (or Adrian Williams) as the Tech Head, with other team members being Shivika, Shrishty, and Divakshu.

Merchants contacting Rathor’s Pay Agency, an organization connecting merchants and payment processors, have reportedly been directed to Finvert.

At the time of tthe PayRate42 reveiw, no customer reviews have been available for Finvert.

Given these concerns, including potential fake LinkedIn profiles and the Rathor connection, caution is advised when considering Finvert as a payment processor.

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