Gope Kundnani FDCTech Board Appointment & Professional Profile

Gope Kundnani – founder of Alchemy Prime and Alchemy Group, FDCTech director, family ties with Niky Kundnani, offshore entities, NSFX acquisition concerns, regulatory fines, and full anti-money laundering and reputational risk assessment.

investigation into Gope Kundnani reveals a large network of brokerage and fintech companies. It includes regulated London firms, offshore operations in the UAE, Seychelles, and Vanuatu, and close links to FDCTech. Family connections with Niky Kundnani, questions about deal transparency, and AML fines create moderate-to-high risks for compliance and reputation.

We deliver this 2026 investigation into Gope Kundnani with strong focus on facts and clarity. He founded the Alchemy Group and serves as a director at FDCTech Inc. Our report draws from public records, company filings, regulatory notices, acquisition announcements, and media reports. Today’s strict compliance rules and careful investors make it essential to examine Kundnani’s business activities closely. Banks, partners, regulators, and stakeholders need this clear view to assess any potential risks.

Personal Profiles and Open-Source Intelligence

We start with the basic facts about Gope Shyamdas Kundnani. He holds Indian nationality. He has built his main professional base in the United Kingdom. Central London addresses link to many of his companies.

Public records show him as an experienced entrepreneur. He has worked in the United States, the Middle East, Europe, and offshore locations. His focus includes brokerage, payment processing, liquidity services, and fintech tools. Details about his early education or first jobs remain limited in public sources. Still, his long career proves strong knowledge in financial services.

Kundnani keeps a low personal profile online. He avoids active social media accounts and public interviews. Many executives in international finance choose this approach. It keeps their focus on business rather than personal visibility. Because of this, most information comes from company filings, regulatory documents, and business announcements.

Global database checks confirm ties to the UK and the UAE. Several Alchemy Group companies operate there. Family links appear clearly through shared roles with Niky Gope Kundnani. Many view Niky as his son. Both joined the FDCTech board at the same time. They also share control over several Alchemy companies. This points to close family cooperation in business.

Business Relations and Corporate Networks

We map Gope Kundnani’s company network using official records from the UK, Europe, offshore areas, and the United States.

Key Companies and Roles

• Alchemy Prime Markets Ltd (London, FCA-regulated) – He founded and directs this company. It provides institutional brokerage services. These include multi-asset liquidity, execution, white-label platforms, and back-office support for brokers, hedge funds, and asset managers.
• Alchemy Prime Holdings Ltd – He serves as sole shareholder and director. This company holds many group entities.
• Blackthorn Finance Ltd – He founded and directs it. The firm specializes in FCA-authorized payment processing for financial institutions.
• APSI Holdings Ltd – He holds an active directorship.
• SNM Hospitality Ltd – He takes a governance role. This shows some work outside finance.
• FDCTech Inc. (California, OTC-listed) – He joined the board as director in September 2022. He helps guide a fintech firm that builds risk management software, trading platforms, and connectivity tools for brokers.

Offshore and Global Entities

The Alchemy Group runs companies in lighter-regulated jurisdictions:

• Alchemy Markets Ltd (Malta, MFSA-regulated, formerly NSFX Ltd)
• Alchemy Markets DMCC (Dubai, UAE)
• Alchemy Global Limited (Seychelles)
• Prime Intermarket Group Asia Pacific Ltd (Vanuatu)

These firms offer brokerage, securities dealing, and multi-asset trading worldwide. They provide flexibility but attract attention due to lower transparency rules.

Kundnani’s reach grew through related-party deals. FDCTech bought Alchemy Markets DMCC, Alchemy Prime Ltd, and Alchemy Markets Ltd in October 2023. It later acquired Alchemy International Ltd (Seychelles) in November 2025. These purchases came from entities he controls. They expanded FDCTech’s global presence but also showed close ties between the groups.

Shared addresses and overlapping team members create a tightly connected network. It stretches from regulated London to offshore holdings.

Undisclosed Business Relationships and Associations

Many links in Kundnani’s network stay unclear in public documents.

The biggest case involves the January 2023 deal. FDCTech bought a 50.1% controlling stake in New Star Capital Trading Ltd (BVI), parent of NSFX Ltd (now Alchemy Markets Ltd). Press releases highlighted growth and technology benefits. They did not mention the remaining 49.9% stake held by Alchemy Group entities under Kundnani’s control. At that time, he sat on the boards of both Alchemy companies and FDCTech. This raises serious questions about related-party transactions, conflicts of interest, and disclosure under U.S. securities rules.

Family ties with Niky Kundnani add complexity. They joined the FDCTech board together. They share several directorships in Alchemy entities. Family businesses are common in finance. Yet they need strong rules to ensure fair decisions and full openness.

Offshore companies in the BVI, Seychelles, Vanuatu, and UAE create extra layers. These jurisdictions are legal for business structuring. However, they reduce visibility into true owners. Compliance teams always view this with caution.

Scam Reports, Red Flags, and Allegations

No criminal cases, major lawsuits, or sanctions target Gope Kundnani directly. Still, several concerns appear in regulatory actions and media reports.

The NSFX deal drew criticism for not revealing the full ownership structure. Some experts say this could break SEC disclosure rules for public companies.

Regulators took action against Alchemy-linked firms:

• Spain’s CNMV warned against offshore Alchemy brands. They said these firms took EEA clients without proper licenses.
• Malta’s FIAU fined Alchemy Markets Ltd €419,997 in 2023. The fine came for serious AML weaknesses. These included poor customer checks, weak monitoring, and outsourcing problems.

Media reports noted issues on some Alchemy websites. They pointed out missing legal policies, broken links, and inconsistent branding. These problems suggest weak attention to detail in regulated markets.

Online discussions sometimes call the NSFX deal misleading because of hidden ownership links. Older complaints from the mid-2010s mention withdrawal delays from related brands. These claims never went to court and seem limited.

Some network companies, like Blackthorn Finance, entered liquidation. These moves look like normal restructuring, not personal financial trouble.

Detailed Risk Assessment: Anti-Money Laundering and Reputational Concerns

We see several AML risk factors:

1. Complex ownership chains across many countries, especially offshore places with less transparency.
2. Family control over linked companies, which can hide true owners.
3. Related-party deals between FDCTech and Alchemy firms, often with limited public details.
4. Past fines for AML weaknesses in group companies.

These issues usually require extra checks under FATF and major country rules. This includes full proof of ownership, source of funds, and close monitoring.

Reputational risk is also high. Stories about missing disclosures, fines, offshore setups, and opacity can make banks, partners, and investors hesitate. Even without proven wrongdoing, the perception of secrecy can limit business opportunities.

We rate the risks as:

• AML Risk: Moderate to High – from complex structures, family links, and past fines.
• Reputational Risk: High – from ongoing media coverage and compliance concerns.

Conclusion

In our expert view, Gope Kundnani has built a real and lasting business in brokerage and fintech. The Alchemy Group’s growth and FDCTech’s acquisitions show strong skills and ambition.

However, complex offshore setups, family control, incomplete deal disclosures, and regulatory fines create serious concerns. These matter greatly in today’s strict compliance world.

For AML teams, the mix of jurisdictions, family ties, and past issues means deep checks are needed. For reputation managers, the stories of opacity and fines pose real risks.

Without clear improvements in transparency, ownership disclosure, and governance, caution remains the best approach. Full due diligence and constant monitoring are essential for any serious engagement.

Written by

Kaelen

Updated

1 day ago