Fundshark
Indian high-risk payment processor
Key Data
- Trading Name: Fundshark
- Legal Entity: Spendenhai Infotech Pvt Limited
- Activities: high-risk payment processor
- Location: India
- Regulations: none
- Key People: Daniel Colaco (LinkedIn)
Fundshark is the trading style of the Indian Spendenhai Infotech Pvt Limited, a high-risk payment processor controlled and ran by British resident Daniel Colaco (LinkedIn). The company is allegedly connected to the collapsed iPayTotal and to the so-called “Hounslow Gang.”
Offering
Their service includes:
- Cross border Card Processing
- Wire transfers
- Crypto solutions & Wallet solutions
Conclsusion
We have received warnings about Fundshark. Moreover, no social media presence is associated with the payment processor, and no references are known. Thus we include it in our “Black Compliance” list.
