Klyme Ltd, trading as Klyme, is a UK-registered technology provider acting as an unregulated intermediary for Open Banking payments. By leveraging the license of Yapily Connect UAB, Klyme facilitates deposits for unlicensed offshore casinos (e.g., Winhero) while avoiding direct regulatory scrutiny. Leaked internal emails reveal that Klyme and its partners actively blacklist users who report illegal gambling activity.

R42 Risk Signal

🔴 RED (High Risk)

• Confidence Score: High (Based on leaked internal compliance emails and verified corporate filings).

• Primary Risk Factor: Facilitation of unlicensed gambling (illegal casino), lack of own regulatory license, and retaliatory practices against whistleblowers.

Key Data Table

Operational Overview

Klyme positions itself as a “Pay by Bank” gateway and “Open Banking Technology Provider.” It does not hold its own financial service license. Instead, it operates as a Technical Service Provider (TSP) that sits between the merchant (Casino) and the licensed Open Banking provider (Yapily).

• The Model: Klyme integrates Yapily’s API to offer “instant bank deposits” to high-risk merchants.

• The Loophole: By claiming to be a pure tech layer, Klyme onboarded merchants like Winhero (an unlicensed casino) that effectively use Yapily’s banking rails without Yapily conducting direct commercial due diligence on the casino itself (or willfully ignoring it).

Regulatory Framework

• UK (FCA): Klyme Ltd is NOT authorised by the Financial Conduct Authority (FCA). It does not appear on the Financial Services Register.

• Lithuania (BoL): Klyme has no license from the Bank of Lithuania.

• Reliance: Klyme relies entirely on the PISP (Payment Initiation Service Provider) license of Yapily Connect UAB (LB002045) to execute transactions. Klyme’s Terms & Conditions explicitly state: “We are not a regulated financial institution… All payment transactions… are managed by licensed third-party providers.”

Ownership & Executives

Based on Companies House filings (Feb 2026):

• Shane Adam Williams (British, b. 1989): Person with Significant Control (PSC) holding >25% to 50% of shares. Active Director.

• Dalvinder Singh (British, b. 1988): Person with Significant Control (PSC) holding >25% to 50% of shares. Active Director.

Corporate Structure

• Type: Private Limited Company.

• Complexity: Low. A standard UK shell setup using an accountancy firm (“Wainwrights Accountants”) as a registered office to mask physical operations.

• Related Entities: The directors have a history of short-lived/dissolved companies, a common pattern in high-risk affiliate and payment processing networks.

Technical Footprint

• Domain: klyme.io (Primary service domain).

• API Integration: The platform is a white-label wrapper for Yapily’s API, exposing endpoints that allow casinos to generate “Pay by Bank” payment links for users in the UK, Netherlands, Germany, and beyond.

• Merchant Integration: Klyme provides the “cashier” interface for the casino, meaning the player sees “Klyme” or “Instant Bank Transfer” on the deposit screen, but the funds move via Yapily.

Merchant/Customer Footprint

• Winhero: Unlicensed online casino (Costa Rica shell) targeting Dutch and German consumers.

• Potential Others: Likely servicing other “soft-license” casinos (Curacao/Anjouan/Costa Rica) that require European banking rails but cannot obtain direct merchant accounts with tier-1 providers.

Enforcement & Litigation History

• Feb 2026 (The “Yapily Leak”): Internal emails from Yapily exposed that Klyme was instructed to blacklist a Dutch whistleblower who complained about illegal gambling deposits.

• Complaint Handling: Klyme failed to respond to the user’s initial complaint for over 60 days, violating standard dispute resolution timelines for financial services (even as a TSP, they have a duty of care).

Red Flags

• 🚩 Unregulated Entity: Handling sensitive payment data without direct FCA/BoL oversight.

• 🚩 “Care Of” Address: Registered at an accounting firm, indicating no physical HQ.

• 🚩 High-Risk Merchants: Verifiable processing for unlicensed casinos (Winhero).

• 🚩 Retaliatory Compliance: Evidence of blacklisting customers who report regulatory breaches.

• 🚩 Young History: Incorporated in late 2024, yet processing significant high-risk volumes immediately.

Merchant Due-Diligence Checklist

• [ ] Does Klyme verify if the merchant holds a valid license for the user’s jurisdiction (e.g., KSA for Netherlands)?

• [ ] Does Klyme pass the ultimate merchant name (e.g., “Winhero”) to Yapily, or do they mask it under a generic code?

• [ ] What is Klyme’s procedure for “Chargeback” or “Recall” requests when a user claims the service was illegal?

Evidence Box (Sources)

• Companies House: KLYME LTD (15914356)

• Whistleblower Leak: FinTelegram Report: The Yapily Leaks (Feb 2026)

• Klyme T&Cs: Klyme.io Terms

Update Log

• 16 Feb 2026: Profile created following “Yapily Leaks” whistleblower report.

• 23 Aug 2024: Company Incorporation.

Whistle42 Call to Action

Have you used Klyme to deposit at an online casino? If you have information about Klyme, Yapily, or other unregulated payment gateways, please share it with us. We protect your identity. 👉 Report to Whistle42.