Simplex
Fraud Prevention in Online Payments
StartupSimplex is a Giv'atayim-based startup in the Fintech & Insurtech sector, established in 2014. Fraud Prevention in Online Payments. The company has raised a total of $8.4M across 3 funding rounds, currently at the Acquired stage. Simplex was founded by Nimrod Lehavi, Netanel Kabala, Erez Shapira. Key investors include Bitmain, FundersClub, Cumberland Mining, among 6 total investors. The company has 201-500 employees. Core technologies: Platforms & Interfaces, Software, Mobile, Data Storage, DLT & Blockchain.
With $8.4M in total funding, Simplex is a Acquired-stage company operating in Fintech & Insurtech. The company follows a B2B business model. Product stage: Released. Simplex has been acquired.
- StageAcquired
- ProductReleased
- ModelB2B
- Employees201-500
- HQGiv'atayim
- DistrictCenter District
- StatusAcquired
- Last Round$7M
- Bitmain
- FundersClub
- Cumberland Mining
6 investors total
Nimrod LehaviCo-founder & CEO
Netanel KabalaCo-founder & CAO
Erez ShapiraCo-founder & CTO
11 articles covered by sources including en.globes.co.il,
www.calcalistech.com,
www.coindesk.com,
www.verdict.co.uk,
www.financemagnates.com.
What does Simplex do?
Simplex facilitates fraudless credit card payments for goods and services sold online. It protectsonline businesses against fraudulent chargebacks, using artificial intelligence and machine-learning technology. Simplex analyzes payments and related data and decides whetherthey are safe for processing, using a real-time machine-learning system. A Simplex-approved transaction is guaranteed; the merchant can safely supply the product to the customer, knowing there won't be a chargeback and that, if there is, Simplex will cover it. Simplex also enables worldwidecustomers to purchase Bitcoin with their credit card while fully protecting exchanges and brokers from fraud chargebacks.
How much funding has Simplex raised?
Simplex has raised $8.4M in total funding across 3 rounds. The company is currently at the Acquired stage. Key investors include Bitmain, FundersClub, Cumberland Mining.
Who founded Simplex?
Simplex was founded in 2014 by Nimrod Lehavi (Co-founder & CEO), Netanel Kabala (Co-founder & CAO), Erez Shapira (Co-founder & CTO).
What sector is Simplex in?
Simplex operates in Fintech & Insurtech, Money Transfer & Management, with core technologies in Platforms & Interfaces, Software, Mobile, Data Storage, DLT & Blockchain. Target customers: Consumers, Professionals & Gig Economy, Online Retailers, Financial Services, Financial Institutions.
Where is Simplex located?
Simplex is based in Ariel Sharon Street 4, Giv'atayim, Israel, Center District.