Unregulrated Ukrainian PayTech in Amsterdam

Akurateco (www.akurateco.com) is the trading style of Akurateco BV, registered in the Netherlands, a subsidiary of Ikajo International BV, which is also registered in Amsterdam at the very same address at Kingsfordweg 151 in Amsterdam. According to this LinkedIn profile, Andrew Riabchuk (LinkedIn) is the founder, and Thomas Huigens the General Manager of both Ikajo and Akurateco.

Akurateco is a PayTech that is a provider of a PSP white-label solution as well as an operator of a cashier solution with “multiple payment connectors”.

The PayTech is part of the Ukrainian Payment Network operating in the European Union (EU) and the European Economic Area (EEA).

The payment processor’s Twitter account has been suspended for violating the rules, which is not really good news.

So far, Akurateco has not come to our attention as a scam or cybercrime facilitator. We are also not aware of any negative reports. Therefore, we have included the PayTech in our “Green Signal” list.

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