Simplex
Fraud Prevention in Online Payments
Startup Acquired Fintech & Insurtech Est. 2014 Acquired
Total Raised
$8.4M
Acquired
Last Round
$7M
3 rounds
Investors
6
6 public
Team
9
201-500 employees
Confidence
100/100
News
11
articles
About
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.
Classification
Sector
Fintech & InsurtechMoney Transfer & Management
Core Technology
Platforms & InterfacesSoftwareMobileData StorageDLT & Blockchain
Target Customer
ConsumersProfessionals & Gig EconomyOnline RetailersFinancial ServicesFinancial Institutions
Business Model
B2B
Tags
credit-cardssoftware-applicationspaymentstransactionsweb-platformcryptocurrencybitcoinfintechauthenticationblockchainmobile-paymentsonline-retailersmachine-learningartificial-intelligenceretailersdigital-wallet
Funding & Events
May 2021
Exit $250M
May 2014
Seed $1M
AGILE WINGS, Yaron Lemelbaum, DRW
Mar 2015
Non-equity $400K
Office of the Chief Scientist
Feb 2016
A Round $7M
Bitmain, FundersClub, Cumberland Mining
News (11)
May 7, 2021 · en.globes.co.il
growth-positive
Nuvei acquires Israeli fintech co Simplex for $250m
Acquisition
May 6, 2021 · www.calcalistech.com
growth-positive
Israeli crypto startup Simplex set to be acquired for $200-$250 million by Canada's Nuvei
Acquisition
Dec 29, 2020 · www.coindesk.com
growth-positive
Payments Firm Simplex Becomes Visa Principal Member
PartnersCustomers
Dec 7, 2020 · www.calcalistech.com
growth-positive
Israel's Simplex launches banking solution to boost global crypto adoption
CustomersPartners
Jul 3, 2020 · www.verdict.co.uk
Simplex adds support for Bitcoin SV across global network
Jun 20, 2019 · www.financemagnates.com
growth-positive
Simplex CEO: Crypto Can't Beat Banks--But it Can Make them Better
CustomersPartners
Jan 31, 2019 · www.binance.com
growth-positive
Binance Enables Credit Card Payments Through Simplex Partnership, Furthering Crypto Adoption Worldwide Binance Blog
Partners
Jun 1, 2018 · www.financemagnates.com
growth-positive
Simplex Launches Payments Processing for ICOs Finance Magnates
PartnersExpand
Jan 23, 2018 · www.calcalistech.com
growth-positive
Thieves Have it Easy with Bitcoin, Says Anti-Fraud Entrepreneur
InvestmentExpand
Apr 18, 2017 · www.businesswire.com
Simplex Partners with Beacon - Risk Magazine's FinTech Start-Up of the Year
Feb 6, 2016 · www.coindesk.com
growth-positive
Simplex Raises $7 Million for Credit Card Bitcoin Buying Service
Investment
Details
Product Stage
Released
Employees
201-500
Exact Count
311
District
Center District
Founded
2014
Registrar
515073419
Crunchbase
simplex-3
Locations
Ariel Sharon Street 4, Giv'atayim, Israel
Links
Website
LinkedIn
Twitter
Facebook
Careers
Admin
Last Update
Feb 6, 2025
Verified by
Yanina Wainscheinker
Claimed
Yes
Missing
markets
Team (9)
Nimrod Lehavi
Co-founder & CEO
Founder
Netanel Kabala
Co-founder & CAO
Founder
Erez Shapira
Co-founder & CTO
Founder
Jan Lorenc
SVP, Head of Global Digital Assets
Ari Last
VP BD
Juozas Kaminskas
VP Banking & Issuing | MD Lithuania
Mark Faber
VP Customer Success
Sharon Cohen
VP Human Resources
Kfir Rotbard
VP R&D
Internal
Created by
Jenny Sotnik-Talisman (genys30@yahoo.com)
Created
2014-03-09T00:00:00.000Z
Last editor
Jenny Sotnik-Talisman (genys30@yahoo.com)
Status
Acquired by Nuvei Corp on May, 2021