Discover and read the best of Twitter Threads about #payrnet
Most recents (2)
@ArmitageJim @premnsikka 1/ @TheFCA’s #Emoney op #Pockit’s survival ‘under threat' unless it secures cash injection. Another client of of Newcastle Building society’s notorious prepaid card unit aka #Wirecard UK ( + the subject of a future expose). 
2/ #Pockit, a serial loss-maker, was launched in 2014 by its honcho, the scion of the $billionaire Virraj brothers (who made their bones in Africa & the ‘Wild East’ following the breakup of the FSU) + their now sold offshore $billion personal-care products empire.
3/ Pockit’s clientele, however, couldn’t be more different from that of it’s honcho & the London startup scene - the ‘under-privileged’ & ‘unbanked’. Pockit was seeded by family wealth, early stage by vcs & tapped FCA auth. #Crowdfunding op #CrowdCube with a 8% convertible …
@ArmitageJim @premnsikka 1/ The curious case of “disguise, I see thou art a wickedness” [Viola, Twelfth Night]. PART 2/2 <‘the #Emoney shot’>, following on from PART 1 - (). V-Wallet (Europe) Ltd was FCA authorised as an #Emoney op in 11/2018, …
2/ renamed to #Viola Money(Europe) Ltd “VMEL” six months later (05/2019) + purportedly acquired 10 months later (03/2020) by a ‘mysterious’ individual & a Scottish (rumoured to be ex Barclays Bank/Barclaycard/VISA cybersource) purported ‘right hand man’. Noteworthy was that …
3/ shortly before/after the @theFCA authorisation of VMEL, ‘Viola group’ (incl. VMEL) was seemingly ‘re-financed’ with the aid of the notorious now former FCA made men/women at #Alfandari (charges still show as outstanding on some Viola SPV’s).
