Israeli offshore high-risk payment processor

Finateco is the trading style of Finateco Ltd, an Israeli high-risk payment processor operated through January 2022 registered in St. Vincent & The Grenadines.

Linked to Finateco’s LinkedIn page are three Israeli executives:

  • Jonathan Meshumar (LinkedIn) is the founder;
  • Itzik Epshtein (LinkedIn) is the COO;
  • Ronan Mor (LinkedIn) is the Global Onboarding specialist.

Finateco is the new kid on the block and has apparently only been operating since January 2022.

We discovered the Israeli payment processor as a facilitator in the CTMatador broker scam and therefore put it on our “Orange Compliance” list.

On 6 May 2022, FinTelegram reported that Finateco terminated its relationship with CTMatador. However, we continue (for now) to have Finateco on our “Orange Compliance” list as we are not sure whether their compliance procedure is appropriate to work in the high-risk segment.

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