Overview of Strike-Off Requests Involving Kryptova, Paypound, and BitMatix

Registration Filings and Context

Public records indicate that on 23 January 2023 three payment companies submitted applications to be removed from the UK Companies House register:

• Kryptova Biz Ltd, operating under the name Kryptova

• Self Pay IO Ltd, trading as Paypound

• Bitmatix IO Ltd, known as BitMatix

These firms are active in the high-risk payment sector and are part of the business network of Indian entrepreneur Ruchi Rathor.

In corporate law, a strike-off represents the process of removing a company from the register. Unlike insolvency, it does not automatically involve the settlement of outstanding debts. For this reason, creditors are entitled to raise objections during the process.

Active Websites and Corporate References

Despite the filings, the company websites remain functional:

• kryptova.biz

• paypound.ltd

• bitmatix.io

The BitMatix website mentions BitMatix, Inc. as an operator, although no such entity could be located in publicly available corporate databases. In official filings, the UK-registered companies continue to be listed as responsible operators.

Implications for Creditors and Merchants

Merchants or other creditors with receivables are advised to register their claims with the Companies House registrar. This ensures that any objections can be formally considered before the strike-off becomes effective.

Historical Comparison: iPayTotal

The situation resembles the 2020 case of iPayTotal. That company attempted to strike itself off the register, but creditor objections resulted in insolvency proceedings. Investigations revealed that:

• The firm held no assets

• No proper accounting records were available

• Creditors presented claims in the range of several million euros

This example illustrates potential outcomes when creditors act against strike-off requests in the high-risk payments industry.

Key Information

Reporting Options

Individuals or companies with relevant knowledge of Kryptova, Paypound, or BitMatix may submit information on our website.

Additional details may also be provided to the investigative outlet Scam-Or Project.