RaiseMoney: New Startup Funding Platform Linked to Ruchi Rathor’s Business Network

Introduction to the Initiative

Entrepreneur Ruchi Rathor, who previously played a central role in the now-defunct high-risk payment processor iPayTotal, has introduced a new project — RaiseMoney. This online venture is designed to help emerging startups find suitable investors more efficiently. The platform is operated by Payomatix Technologies Pvt Ltd, a company currently listed with a Black risk level on the industry tracker PayRate42.

Platform Goals and Features

RaiseMoney promotes itself as a straightforward solution for entrepreneurs seeking early-stage capital. The website offers tools for:

• Matching with investors

• Presenting pitch materials using customizable templates

• Building direct partnerships

“Together we can make you more successful.” — Ruchi Rathor, RaiseMoney Founder

Key Facts About RaiseMoney

Affiliated Individuals:

• Ruchi Rathor (India) (LinkedIn profile)

• Yuvraj Singh (India)

• Anurag Pratap Singh (India)

• Anirudh Pratap Singh Rathor (India)

• Chhavi Mishra (India)

• Aditya Williams (India)

Public Image vs. Industry Background

Rathor has recently expanded her online presence by sharing motivational content, including a personal finance guide titled “How to become the first millionaire in your family.” The material features statements such as:

• “You attract what you think”

• “Your past is not your future”

• “You must give up something to get something”

These phrases are aimed at inspiring readers, though they have also drawn skepticism regarding their depth and originality.

Previous Ventures and Market Impact

Rathor has been involved in a series of high-risk payment services operating across India and Europe. Her name became widely known following the shutdown of iPayTotal, which faced legal and financial issues in multiple jurisdictions. A UK-based entity of the scheme was placed into compulsory liquidation.

Details from iPayTotal’s Liquidation (as of January 2022):

• No recorded assets recovered

• Approximately £1.1 million in claims by creditors

• Additional unreported losses likely, as some customers were unable to file claims

• Liquidation remains ongoing

The business structure of iPayTotal involved numerous entities, which made recovery efforts more complex and left many users without recourse.

Post-iPayTotal Shift to India

Following the iPayTotal closure, most operations associated with the Rathor network appear to have moved to India. Nonetheless, Bitmatix IO Ltd, operating under the name Bitmatix and led by Yuvraj Singh, continues to be officially registered in the UK (bitmatix.io).

International Ambitions of RaiseMoney

With RaiseMoney, Ruchi Rathor is re-entering the international scene, this time targeting startups and investors with a digital investment-matching platform. While the concept is positioned as a resource for innovation and growth, its ties to entities previously involved in regulatory issues and insolvency cases have prompted caution among observers.

Confidential Reporting

If you possess credible information concerning Payomatix, BitMatix, CryptoMatix, Kryptova, or other associated ventures, please submit it on our website.

This report was produced in cooperation with Scam-Or Project, a platform focused on monitoring and analyzing risks within the financial and fintech sectors.