Family Business: BitMatix And The Other iPayTotal Successor Schemes!

Key Data

Trading name	BitMatix
Related schemes	CryptoMatix, Payomatix, Kryptova, PayStudio, iPayTotal OpenUp
Business activities	High-risk payment processor
Domain	https://bitmatix.io
Legal entities	BitMatix IO Pvt Limited (prev. iPayTotal Pvt Ltd), India BitMatix IO Ltd, UK
Related individuals	Ruchi Rathor (India) Yuvraj Singh (India) Anurag Pratap Singh (India) Anirudh Pratap Singh Rathor (India) Chhavi Mishra (India) Aditya Williams

Short Narrative

BitMatix is just one of the iPayTotal successor schemes. There is also CryptoMatix, PayoMatix, Kryptova, OpenUp, and PayStudio. According to our information, Yuvraj Singh, the future son-in-law of Ruchi Rathor, is the co-mastermind behind these new schemes.

BitMatix is operated through UK-registered Bitmatix IO Ltd and India-registered Bitmatix IO Pvt Limited (formerly iPayTotal Pvt Ltd). Yuvraj Singh, an Indian, is installed as the director and owner of the UK entity. The directors of the Indian company are Ruchi Rathi and Anurag Pratap Singh. The latter is being sought by the liquidators of iPayTotal Ltd to answer open questions surrounding the missing funds and assets.

As reported by FinTelegram, there are no funds in iPayTotal Ltd but at least GBP 1.1 million of claims from creditors.

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