Whistleblower Alert – Uncovering the Truth About High-Risk Payment Processor SumoPay

Investigative Request: SumoPay’s Role in High-Risk Transactions

Acknowledgement:

We express our gratitude to the whistleblowers whose disclosures continue to assist in exposing fraudulent activities and the entities enabling them. Their efforts are crucial in the fight against cyber-enabled financial crimes.

Overview: SumoPay Under the Radar

The Scam-or Project has long focused on exposing high-risk payment processors often implicated in facilitating cybercriminal operations. These entities serve as the financial backbone for many fraudulent schemes. In collaboration with industry partners, PayRate42 was established as a cyberfinance rating platform dedicated to identifying, reviewing, and rating high-risk payment processors.

Today’s spotlight is on SumoPay, an emerging high-risk payment facilitator operating across Asia, specifically targeting markets in Japan and South Korea.

Company Profile: Key Information

Discrepancies and Red Flags

SumoPay’s website claims that the business is operated by SumoPay Co Ltd, a company purportedly based in Kent, UK. However, no such entity could be found in the UK Companies House records.

The platform does not provide any verifiable social media profiles or transparency regarding team members. This secrecy is consistent with patterns seen across other high-risk processors, such as the notorious iPayTotal Group, OpenUp.Finance, Paypound, Payomatix, and Hawex, which have all used misleading or fabricated online identities.

SumoPay primarily targets the online gambling and sports betting sectors. It boasts a volume of 145 million daily transactions via its payment gateway API. Merchants are offered multiple payment options including credit/debit cards and bank transfers.

Alleged Fraudulent Practices

According to whistleblower reports, SumoPay allegedly relabels consumer payments made to Asian gaming websites to appear as standard consumer purchases. This deceptive practice, known as transactional money laundering, is illegal and widely used within the high-risk payment sector to disguise the true nature of financial flows.

Leadership

The CEO of SumoPay is reportedly Kevin Ring, a U.S. national residing in New York. No official licensing or regulatory oversight has been found linked to Ring or the company.

Call for Whistleblower Contributions

We are currently gathering more data on SumoPay, its leadership, partner entities, and business activities. If you possess any relevant information, we encourage you to submit it securely via the Whistle42 platform.

Your information can help protect consumers and uncover the truth.
Share what you know — anonymously and safely.