Pradexx OÜ, licensed in Estonia as a high-risk payment processor, recently welcomed a new CFO – Matan Roee, from Tel Aviv, who was previously the Finance Director at CySEC-regulated Leverate. Pradexx is actually an Israeli payment processor using the Estonian legal entity and crypto license for business in the EU. In addition to the Pradexx brand, the Estonian entity also operates crypto payment processor NextPayWay, where Angela Behar, who also resides in Israel, is registered as CEO and Co-Founder. Dari Rishel serves as the company’s compliance manager from her office in Israel.
Matan Roee (LinkedIn) is not the only Israeli manager working for Pradexx. Almost all Pradexx employees we identified are either Israeli or working in Israel. Dari Rishel (LinkedIn) is the company’s compliance manager, and Angela Behar (LinkedIn) is evidently running the crypto payment processor NexPayWay. All of them are working from offices in Tel Aviv, Israel.
We have identified at least two more Israeli managers connected with Pradexx – Luba Shissel Frumson, (LinkedIn) and Zack Mehdipour (LinkedIn). Thus it’s fair to assume that high-risk payment processor Pradexx and its crypto payment brand NextPayWay are actually operating in Israel and uses its Estonian entity to address the EU markets with its payment services.
The move of Matan Roee from Leverate to Pradexx makes perfect sense. Pradexx has been frequently exposed as a scam facilitator in various broker scams. For example, in the various PumaTS and Leverate scams such as FmiAtlas or RoyalGTX. The Bulgarian-based PumaTS has established its white-label broker solution on the Leverate platform and licensed it to scam operators (read more on Pradexx on the #HRPP Report).
In addition to Pradexx, XChangePro OÜ and iPayTotal OÜ, also operating through Estonian entities, have come to our attention as facilitating payment processors for the many PumaTS scams.
Estonian Karen Gevorkjan, born in February 1984, is also still active as a director in MoneySwap OÜ and NYMERIA OÜ, operating with a crypto license from the FIU. He is expected to work as the required nominee director for the Israeli owners.
